0001493152-24-012392 | 10-K | XBRL Viewer

Print Document View Excel Document

OPERATING LEASE RIGHT-OF-USE ASSETS (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Apr. 30, 2018
Short-Term Debt [Line Items]
Operating lease right-of-use assets	$ 2,440,690	$ 3,606,398
Lease termination		122,533
Lease Terminated And Expired [Member]
Short-Term Debt [Line Items]
Operating lease right-of-use assets	1,301,571
Variable lease payments	125,207	77,385
Lease termination	122,533	122,533
Standby Letters of Credit [Member]
Short-Term Debt [Line Items]
Maximum borrowing capacity			$ 1,075,000
Operating lease right-of-use assets	$ 2,440,690	$ 3,606,398

ACCOUNTS PAYABLE — RELATED PARTIES

12 Months Ended

Dec. 31, 2023

Accounts Payable Related Parties

ACCOUNTS PAYABLE — RELATED PARTIES

NOTE 12 – ACCOUNTS PAYABLE — RELATED PARTIES

Accounts payable due to related parties represents payables in the ordinary course of business primarily for purchases of game distribution licenses and also the royalties due to Suzhou Snail and SDE. As of December 31, 2023 and 2022, the Company had $18,147,958 and $19,918,259, respectively, as accounts payable due to Suzhou Snail; and $4,946,478, as net accounts payable due to SDE as of December 31, 2023, see Note 5 — Accounts Receivable (Payable) — Related Parties. During the years ended December 31, 2023 and 2022, the Company incurred $279,699 and $404,347, respectively as license costs due to Suzhou Snail and included in cost of revenues. During the years ended December 31, 2023 and 2022, respectively, there were $2,050,000 and $4,219,660 in payments to Suzhou Snail for royalties. Accounts payable – related parties consisted of the following as of December 31, 2023, and 2022:

	2023			2022
Accounts payable - Suzhou	$	55,762,870		$	57,533,171
Less: accounts receivable - Suzhou		(37,614,912	)		(37,614,912	)
Accounts payable - SDE		4,946,478			-
Total accounts payable – related parties	$	23,094,436		$	19,918,259

ACCOUNTS PAYABLE — RELATED PARTIES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Suzhou Snail [Member]
Defined Benefit Plan Disclosure [Line Items]
Accounts Payable, Current	$ 18,147,958	$ 19,918,259
SDE [Member]
Defined Benefit Plan Disclosure [Line Items]
Accounts Payable, Current	4,946,478
Snail Digital Technology Co. Ltd. [Member]
Defined Benefit Plan Disclosure [Line Items]
Costs and Expenses, Related Party	279,699	404,347
Related Party Transaction, Amounts of Transaction	$ 2,050,000	$ 4,219,660

CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH AND CASH EQUIVALENTS (Tables)

12 Months Ended

Dec. 31, 2023

Cash And Cash Equivalents And Restricted Cash And Cash Equivalents

SUMMARY OF COMPONENTS OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS

	2023		2022
Cash and cash equivalents	$	15,198,123	$	12,863,817
Restricted cash and cash equivalents		1,116,196		6,374,368
Cash and cash equivalents, and restricted cash and cash equivalents	$	16,314,319	$	19,238,185

Consolidated Balance Sheets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Current Assets:
Cash and cash equivalents	$ 15,198,123	$ 12,863,817
Restricted escrow deposit		1,003,804
Prepaid expenses - related party	6,044,404
Prepaid expenses and other current assets	10,169,448	10,565,141
Total current assets	56,650,536	42,636,723
Restricted cash and cash equivalents	1,116,196	6,374,368
Prepaid expenses - related party, net of current portion	7,784,062	5,582,500
Property, plant and equipment, net	4,682,066	5,114,799
Deferred income taxes	10,247,500	7,602,536
Other noncurrent assets	164,170	198,668
Operating lease right-of-use assets, net	2,440,690	3,606,398
Total assets	90,857,529	72,772,571
Current Liabilities:
Accrued expenses and other liabilities	2,887,193	1,474,088
Interest payable - related parties	527,770	527,770
Revolving loan	6,000,000	9,000,000
Notes payable	2,333,333	5,416,666
Convertible notes, net of discount	797,361
Current portion of long-term promissory note	2,811,923	86,524
Current portion of deferred revenue	19,252,628	4,335,404
Current portion of operating lease liabilities	1,505,034	1,371,227
Total current liabilities	71,312,607	51,582,329
Accrued expenses	254,731	457,024
Promissory note, net of current portion		3,221,963
Deferred revenue, net of current portion	15,064,078	5,216,042
Operating lease liabilities, net of current portion	1,425,494	2,930,529
Total liabilities	88,056,910	63,407,887
Commitments and contingencies
Stockholders’ Equity:
Common stock, value
Additional paid-in capital	26,171,575	23,436,942
Accumulated other comprehensive loss	(254,383)	(307,200)
Accumulated deficit	(13,949,325)	(4,863,250)
Stockholders Equity Excluding Treasury Stock	11,971,669	18,270,292
Treasury stock at cost (1,350,275 and 1,197,649 shares as of December 31, 2023 and 2022, respectively)	(3,671,806)	(3,414,713)
Total Snail, Inc. equity	8,299,863	14,855,579
Noncontrolling interests	(5,499,244)	(5,490,895)
Total stockholders’ equity	2,800,619	9,364,684
Total liabilities, noncontrolling interests and stockholders’ equity	90,857,529	72,772,571
Common Class A [Member]
Stockholders’ Equity:
Common stock, value	927	925
Common Class B [Member]
Stockholders’ Equity:
Common stock, value	2,875	2,875
License Rights, Related Parties [Member]
Current Assets:
Intangible assets, net - other		1,384,058
Other Intangible Assets [Member]
Current Assets:
Intangible assets, net - other	271,717	272,521
Nonrelated Party [Member]
Current Assets:
Accounts receivable	25,134,808	6,758,024
Current Liabilities:
Accounts payable	12,102,929	9,452,391
Related Party [Member]
Current Assets:
Accounts receivable		11,344,184
Loan and interest receivable - related party	103,753	101,753
Accounts receivable – related party, net of current portion	7,500,592
Current Liabilities:
Accounts payable	$ 23,094,436	$ 19,918,259

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net (loss) income	$ (9,094,424)	$ 994,178
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Amortization - loan origination fees and debt discounts	124,595	26,514
Accretion – convertible notes	306,664
Depreciation and amortization - property and equipment	432,306	565,906
Stock-based compensation expense	848,035	223,250
Gain on lease termination		(122,533)
Gain on paycheck protection program and economic injury disaster loan forgiveness		(174,436)
Loss (gain) on disposal of fixed assets	427	(17,067)
Interest income from shareholder loan		(580,878)
Interest income from restricted escrow deposit		(3,804)
Credit losses	581,498
Deferred taxes, net	(2,644,964)	588,478
Changes in assets and liabilities:
Accounts receivable	(18,939,465)	5,486,716
Accounts receivable - related party	3,824,775	(2,908,361)
Prepaid expenses - related party	(8,245,966)	(2,437,500)
Prepaid expenses and other current assets	501,104	(1,875,919)
Other noncurrent assets		(26,052)
Accounts payable	2,992,856	4,976,192
Accounts payable - related parties	3,176,177	(3,815,313)
Accrued expenses and other liabilities	659,647	(1,039,927)
Interest receivable - related party	(2,000)
Interest payable - related parties		986
Lease liabilities	(205,520)	(145,949)
Deferred revenue	24,765,261	(10,729,488)
Net cash provided by (used in) operating activities	465,868	(3,357,338)
Cash flows from investing activities:
Repayment on loan provided by related party		(300,000)
Purchases of property and equipment		(5,256)
Proceeds from sale of property and equipment		19,500
Repayment on Pound Sand note		1,496,063
Net cash provided by investing activities		1,210,307
Cash flows from financing activities:
Repayments on promissory note	(79,897)	(70,961)
Repayments on notes payable	(6,500,000)	(4,166,667)
Repayments on revolving loan	(3,000,000)
Borrowings on notes payable	3,000,000
Borrowings on short-term note		10,000,000
Proceeds from issuance of convertible notes	847,500
Refund of dividend withholding tax overpayment	1,886,600
Payments on paycheck protection program and economic injury disaster loan		(90,198)
Refund of payments on paycheck protection program and economic injury disaster loan		48,305
Cash dividend declared and paid		(8,200,000)
Purchase of treasury stock	(257,093)	(3,414,713)
Proceeds from initial public offering, net of offering costs		11,791,705
Warrants issued to underwriters		193,927
Payments of capitalized offering costs		(1,247,567)
Payments of offering costs in accounts payable	(342,318)
Release of restricted escrow deposit	1,003,804
Net cash (used in) provided by financing activities	(3,441,404)	4,843,831
Effect of foreign currency translation on cash and cash equivalents	51,670	(12,730)
Net (decrease) increase in cash and cash equivalents, and restricted cash and cash equivalents	(2,923,866)	2,684,070
Cash and cash equivalents, and restricted cash and cash equivalents - beginning of the year	19,238,185	16,554,115
Cash and cash equivalents, and restricted cash and cash equivalents – end of the year	16,314,319	19,238,185
Cash paid during the year for:
Interest	934,523	788,063
Income taxes	248,388	888,303
Noncash transactions during the year for:
Loan and interest payable - related parties		103,890
Loan and interest receivable - related parties		(103,890)
Loan and interest from shareholder		94,934,400
Dividend distribution		(94,934,400)
Noncash finance activity during the year for:
Issuance of warrants in connection with the equity line of credit	(105,411)
Gain on paycheck protection program and economic injury disaster loan forgiveness		(174,436)
Snail Games USA common stock transferred due to reorganization		(5,000)
Snail, Inc. common stock and additional paid-in capital transferred due to reorganization		5,000
Offering costs included in accounts payable		605,295
Funding of the escrow deposit		(1,000,000)
License [Member]
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Amortization - intangible assets		250,000
License Rights, Related Parties [Member]
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Amortization - intangible assets	1,384,058	7,403,918
Other Intangible Assets [Member]
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Amortization - intangible assets	$ 804	$ 3,751

SCHEDULE OF EQUITY INTEREST AND NON CONTROLLING INTEREST IN SUBSIDIARIES (Details)	Dec. 31, 2023	Dec. 31, 2022
Snail Innovation Institute [Member]
Equity interest owned by the company	70.00%	70.00%
Non controlling interest held in a subsidiary	30.00%	30.00%
BTBX.IO, LLC [Member]
Equity interest owned by the company	70.00%	70.00%
Non controlling interest held in a subsidiary	30.00%	30.00%
Donkey Crew, LLC [Member]
Equity interest owned by the company	99.00%	99.00%
Non controlling interest held in a subsidiary	1.00%	1.00%

SCHEDULE OF RESTRICTED STOCK UNITS ACTIVITY (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Director [Member] \| Restricted Stock Units (RSUs) [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Outstanding, beginning balance	24,000
Outstanding, beginning balance per share	$ 5.00
Outstanding, granted	43,478	24,000
Outstanding, granted per share	$ 1.38	$ 5.00
Outstanding vested	(24,000)
Outstanding vested per share	$ (5.00)
Outstanding, forfeited or cancelled
Outstanding, forfeited or cancelled per share
Outstanding, ending balance	43,478	24,000
Outstanding, ending balance per share	$ 1.38	$ 5.00
Outstanding, vested	24,000
Outstanding, vested per share	$ 5.00
Employees [Member] \| Performance Shares [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Outstanding, beginning balance	1,197,552
Outstanding, beginning balance per share	$ 5.00
Outstanding, granted		1,200,960
Outstanding, granted per share		$ 5.00
Outstanding vested
Outstanding vested per share
Outstanding, forfeited or cancelled	(32,305)	(3,408)
Outstanding, forfeited or cancelled per share	$ 5.00
Outstanding, ending balance	1,165,247	1,197,552
Outstanding, ending balance per share	$ 5.00	$ 5.00
Outstanding, vested
Outstanding, vested per share

LOAN AND INTEREST RECEIVABLE — RELATED PARTY

12 Months Ended

Dec. 31, 2023

Loan And Interest Receivable Related Party

LOAN AND INTEREST RECEIVABLE — RELATED PARTY

NOTE 13 – LOAN AND INTEREST RECEIVABLE — RELATED PARTY

In February 2021, the Company loaned $200,000 to a wholly owned subsidiary of Suzhou Snail. The loan bears 2.0% per annum interest, interest and principal are due in February 2022. In February 2022, Suzhou Snail signed an agreement with this subsidiary and assumed the loan and related interest for a total of $203,890. Subsequently, $103,890 was offset against the loan and interest payable owed to Suzhou Snail on a separate note. Please refer to Note 14 — Loan Payable and Interest Payable — Related Parties. The total amount of loan and interest receivable — related party was $103,753 and $101,753, as of December 31, 2023 and 2022, respectively. The Company earned $2,000 and $1,753 in interest on the related party loans receivable during the years ended December 31, 2023 and 2022, respectively.

SCHEDULE OF OPERATING LEASE COSTS (Details) - USD ($)	12 Months Ended
SCHEDULE OF OPERATING LEASE COSTS (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Operating Lease Right-of-use Assets
Operating lease costs	$ 1,578,751	$ 1,590,872

INTANGIBLE ASSETS (Details Narrative) - USD ($)	12 Months Ended
INTANGIBLE ASSETS (Details Narrative) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 1,384,862	$ 7,657,669
Finite-lived intangible assets, remaining amortization period	1 year

EQUITY (Details Narrative)					1 Months Ended	9 Months Ended	12 Months Ended
EQUITY (Details Narrative)	Oct. 10, 2023 shares	Sep. 08, 2023 USD ($)	Aug. 24, 2023 USD ($) $ / shares shares	Nov. 09, 2022 $ / shares shares	Aug. 31, 2023 USD ($) $ / shares shares	Sep. 30, 2023 $ / shares shares	Dec. 31, 2023 USD ($) Integer $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares
Class of Stock [Line Items]
Number of classes of common stock \| Integer							2
Proceeds from issuance of common stock3 \| $					$ 1,000,000
Proceeds from convertible debt \| $					554,246
Proceeds from debt \| $							$ 847,500
Amortization of debt discount \| $							$ 959,359	244,399
Other income \| $		$ 300,000
Common stock issued \| $								$ 10,137,510
Number of share repurchased							1,350,275	1,197,649
Payments for repurchase of equity \| $							$ 257,093	$ 3,414,713
Deferred income tax benefit related to our stock-based compensation expense \| $							185,432	48,678
Research And Development [Member]
Class of Stock [Line Items]
Stock based compensation \| $							48,080	0
Restricted Stock Units (RSUs) [Member]
Class of Stock [Line Items]
Stock based compensation \| $							799,955	$ 223,250
Total unrecognized compensation cost \| $							$ 1,100,000
Total unrecognized compensation cost expected to be recognized over a weighted-average service period							2 years 7 months 6 days
Restricted Stock Units (RSUs) [Member] \| Director [Member]
Class of Stock [Line Items]
Vesting period							1 year
Outstanding, beginning balance						24,000	24,000
Outstanding, beginning balance per share \| $ / shares						$ 5.00	$ 5.00
Outstanding, granted							43,478	24,000
Outstanding, granted per share \| $ / shares							$ 1.38	$ 5.00
Outstanding vested							(24,000)
Outstanding vested per share \| $ / shares							$ (5.00)
Outstanding, forfeited or cancelled
Outstanding, forfeited or cancelled per share \| $ / shares
Outstanding, ending balance							43,478	24,000
Outstanding, ending balance per share \| $ / shares							$ 1.38	$ 5.00
Outstanding, vested							24,000
Outstanding, vested per share \| $ / shares							$ 5.00
Performance Shares [Member] \| Employees [Member]
Class of Stock [Line Items]
Vesting period						5 years
Outstanding, beginning balance						1,197,552	1,197,552
Outstanding, beginning balance per share \| $ / shares						$ 5.00	$ 5.00
Outstanding, granted								1,200,960
Outstanding, granted per share \| $ / shares								$ 5.00
Outstanding vested
Outstanding vested per share \| $ / shares
Outstanding, forfeited or cancelled							(32,305)	(3,408)
Outstanding, forfeited or cancelled per share \| $ / shares							$ 5.00
Outstanding, ending balance							1,165,247	1,197,552
Outstanding, ending balance per share \| $ / shares							$ 5.00	$ 5.00
Outstanding, vested
Outstanding, vested per share \| $ / shares
Convertible Debt [Member]
Class of Stock [Line Items]
Convertible debt principal amount \| $					$ 1,080,000		$ 860,910
Convertible shares					714,285
Contractual interest expense					7.40%		109.70%
Convertible debt discount					7.50%
Convertible debt discount					16.00%
Convertible debt maturity date					May 24, 2024
Debt instrument, description					The Convertible Notes may be prepaid by the Company upon giving the Investors a fifteen-trading day notice by paying an amount equal to the then outstanding balance. If the Company enters into a qualifying financing it may be required by the Investors to repay part or all of the Convertible Notes at a 112.5% premium (limited to 10% of the proceeds of the qualified financing, if such financing results in gross proceeds to the Company at least $5,000,000). In event of default or change of control, the Investors may require the Company to prepay the Convertible Notes at a 120% premium
Proceeds from convertible debt \| $					$ 5,000,000
Proceeds from debt \| $					525,754
Debt discount \| $					$ 152,500
Interest Expense, Debt \| $							$ 424,460
Contractual interest expense \| $							29,025
Accretion expense \| $							306,664
Amortization of debt discount \| $							88,951
Warrant [Member]
Class of Stock [Line Items]
Number of shares issued			367,647
Common stock, shares authorized					714,285
Common stock, par value \| $ / shares					$ 1.89
Fair value of warrant liability \| $							480,281
Other income \| $							34,527
Common Stock [Member] \| Equity Line Purchase Agreement [Member]
Class of Stock [Line Items]
Beneficial ownership			9.99%
Warrant One [Member]
Class of Stock [Line Items]
Number of shares issued			367,647
Common stock, par value \| $ / shares			$ 1.50
Fair value of warrant liability \| $							103,767
Other income \| $							$ 1,644
Equity Line Purchase Agreement [Member] \| Common Stock [Member]
Class of Stock [Line Items]
Common stock issued \| $			$ 5,000,000
Sale of Stock, Number of Shares Issued in Transaction	15,093,768
Warrant to purchase			367,647
Warrant to purchase deferred offering costs \| $			$ 105,411
Common Class A [Member]
Class of Stock [Line Items]
Number of votes per share \| Integer							1
Number of Class A share issuable upon conversion \| Integer							1
Number of warrants issued to purchase common stock							9,275,420	9,251,420
Number of shares issued				6,251,420
Convertible shares							120,000
Common stock, shares authorized							500,000,000	500,000,000
Common stock, par value \| $ / shares							$ 0.0001	$ 0.0001
Number of share repurchased							1,350,275	1,197,649
Aggregate purchase price \| $							$ 3,700,000	$ 3,400,000
Average price paid per share \| $ / shares							$ 2.72
Aggregate purchase price \| $							$ 1,300,000
Payments for repurchase of equity \| $								$ 2,850,000
Common Class A [Member] \| Convertible Debt [Member]
Class of Stock [Line Items]
Proceeds from issuance of common stock3 \| $					$ 1,000,000
Common Class A [Member] \| Common Stock [Member]
Class of Stock [Line Items]
Number of shares issued								3,000,000
Common stock issued \| $								$ 300
Common Class A [Member] \| Underwriting Agreement [Member]
Class of Stock [Line Items]
Number of warrants issued to purchase common stock				120,000
Percentage of warrants issued				400.00%
Weighted average expected volatility (in percent)				53.00%
Discount rate (in percent)				4.49%
Remaining term (in years)				3 years
Common Class A [Member] \| IPO [Member]
Class of Stock [Line Items]
Number of warrants issued to purchase common stock				3,000,000
Price per share \| $ / shares				$ 4.675
Number of shares issued				3,000,000
Common Class A [Member] \| IPO [Member] \| Warrant [Member]
Class of Stock [Line Items]
Percent of issue price at IPO price				125.00%
Issue price per share \| $ / shares				$ 6.25
Warrants term				3 years
Common Class A [Member] \| Over-Allotment Option [Member]
Class of Stock [Line Items]
Price per share \| $ / shares				$ 4.675
Number of shares issued				450,000
Common Class B [Member]
Class of Stock [Line Items]
Number of votes per share \| Integer							10
Number of warrants issued to purchase common stock							28,748,580	28,748,580
Number of shares issued				28,748,580
Common stock, shares authorized							100,000,000	100,000,000
Common stock, par value \| $ / shares							$ 0.0001	$ 0.0001
Common Class B [Member] \| Common Stock [Member]
Class of Stock [Line Items]
Common stock issued \| $

PROPERTY, PLANT AND EQUIPMENT, NET (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense	$ 432,306	$ 565,906
Property plant and equipment, disposals	12,605	99,811
Accumulated depreciation	12,178	97,421
Disposal of assets	427	17,067
Sale of fixed assets		19,500
Purchase of fixed assets	9,521,752	9,534,357
Property plant and equipment net	4,682,066	5,114,799
Donkey Crew, LLC [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment net	$ 3,045	13,569
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Sale of fixed assets		19,500
Purchase of fixed assets		$ 88,398

REVENUE FROM CONTRACTS WITH CUSTOMERS

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

REVENUE FROM CONTRACTS WITH CUSTOMERS

NOTE 3 – REVENUE FROM CONTRACTS WITH CUSTOMERS

Disaggregation of revenue

Timing of recognition

The Company recognizes revenue at a point in time for performance obligations that are met at the time of sale or over a period based on the estimated service period of the product, additional performance obligations, or timing of releases. Net revenue by timing of recognition during the years ended December 31, 2023 and 2022 were as follows:

SCHEDULE OF DISAGGREGATION OF REVENUE

	2023		2022
Over time	$	6,437,618	$	18,832,396
Point in time		54,464,480		55,611,745
Total revenue from contracts with customers:	$	60,902,098	$	74,444,141

Geography

The Company attributes net revenue to geographic regions based on customer location. Net revenue by geographic region for the years ended December 31, 2023 and 2022 were as follows:

	2023		2022
United States	$	53,577,666	$	69,977,621
International		7,324,432		4,466,520
Total revenue from contracts with customers:	$	60,902,098	$	74,444,141

Platform

Net revenue by platform for the years ended December 31, 2023 and 2022 were as follows:

	2023		2022
Console	$	26,628,037	$	32,382,088
PC		26,402,330		31,592,858
Mobile		5,830,671		9,506,777
Other		2,041,060		962,418
Total revenue from contracts with customers:	$	60,902,098	$	74,444,141

Distribution channel

Our products are delivered through digital online services (digital download, online platforms, and cloud streaming), mobile, and retail distribution and other. Net revenue by distribution channel for the years ended December 31, 2023 and 2022 was as follows:

	2023		2022
Digital	$	53,030,367	$	63,974,946
Mobile		5,830,671		9,506,777
Physical retail and other		2,041,060		962,418
Total revenue from contracts with customers:	$	60,902,098	$	74,444,141

Snail Inc. and Subsidiaries

Notes to Consolidated Financial Statements

Deferred Revenue

The Company records deferred revenue when payments are due or received in advance of the fulfillment of our associated performance obligations; reductions to deferred revenue balance were primarily due to the recognition of revenue upon fulfillment of its performance obligations, which were in the ordinary course of business. As of December 31, 2023, the balance of deferred revenue was $34.3 million, of which $32.5 million is due to non-refundable payments. The Company is expecting to recognize $13.7 million of the non-refundable payments in the next 12 months through the platform releases of certain DLCs, $1.2 million upon the release of Myth of Empires, $11.1 million of non-refundable payments in the next 12 to 24 months through the release of DLC’s and additional ARK IP. The remaining $3.8 million of current non-refundable deferred revenues and $2.7 million of long term non-refundable deferred revenue will be recognized as revenue primarily on a straight-line basis over the next 60 months, based on our estimates of technical support obligations, the usage of consumable virtual goods and estimated period of time an end user will play the game. The Company’s refundable deferred revenue consists of the advance payments received in accordance with the agreement the Company has made with its retail distributor. The Company expects to recognize $0.5 million in the next 12 months and the remainder of $1.3 million in fiscal year 2025. Activities in the Company’s deferred revenue as of December 31, 2023 and 2022 were as follows:

	2023			2022
Deferred revenue, beginning balance in advance of revenue recognition billing	$	9,551,446		$	20,280,934
Revenue recognized		(6,437,618	)		(18,832,396	)
Revenue deferred		31,202,878			8,102,908
Deferred revenue, ending balance		34,316,706			9,551,446
Less: current portion		(19,252,628	)		(4,335,404	)
Deferred revenue, long term	$	15,064,078		$	5,216,042

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org//606/tableOfContent

+ Details

SCHEDULE OF DISAGGREGATION OF REVENUE (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers:	$ 60,902,098	$ 74,444,141
Sales Channel Directly To Consumer Digital Online Service [Member]
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers:	53,030,367	63,974,946
Sales Channel Directly To Consumer Mobile Sale [Member]
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers:	5,830,671	9,506,777
Sales Channel, Through Intermediary [Member]
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers:	2,041,060	962,418
Console [Member]
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers:	26,628,037	32,382,088
Pc [Member]
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers:	26,402,330	31,592,858
Mobile [Member]
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers:	5,830,671	9,506,777
Manufactured Product, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers:	2,041,060	962,418
UNITED STATES
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers:	53,577,666	69,977,621
Non-US [Member]
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers:	7,324,432	4,466,520
Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers:	6,437,618	18,832,396
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers:	$ 54,464,480	$ 55,611,745

CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH AND CASH EQUIVALENTS (Details Narrative) - USD ($)	Dec. 31, 2023	Jun. 21, 2023	Dec. 31, 2022
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Restricted cash and cash equivalents, noncurrent	$ 1,116,196		$ 6,374,368
Restricted cash and cash equivalents		$ 5,273,391
Debt [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Restricted cash and cash equivalents, noncurrent	$ 1,116,196		$ 6,374,368

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net consisted of the following as of December 31, 2023 and 2022:

	2023			2022
Building	$	1,874,049		$	1,874,049
Land		2,700,000			2,700,000
Building improvements		1,010,218			1,010,218
Leasehold improvements		1,537,775			1,537,775
Autos and trucks		178,695			178,695
Computer and equipment		1,809,214			1,821,819
Furniture and fixtures		411,801			411,801
Property, plant and equipment, gross		9,521,752			9,534,357
Accumulated depreciation		(4,839,686	)		(4,419,558	)
Property, plant and equipment, net	$	4,682,066		$	5,114,799

SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2023

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 21 – SUBSEQUENT EVENTS

	●	In January 2024, the Company entered into an offset agreement with its related party, SDE. The offset agreement is effective as of January 1, 2024. In accordance with the agreement the Company will offset $0.5 million monthly, or $6.0 million annually, of accounts payable to SDE with accounts receivable from SDE.
	●	In January 2024, the Company repaid the remaining $0.8 million of its short term note balance.
	●	In January 2024, the Company repaid $3.0 million of its 2021 Revolving Loan balance.
	●	In February 2024, the Company paid a portion of the convertible notes and accrued interest in the amount of $312,075 and the convertible note holders converted 71,460 shares for an aggregate value of $60,000.
	●	In the first quarter of 2024, the Company repaid the remaining $1.5 million of its 2023 Note Payable balance.
	●	In February 2024, Angela Games launched Myth of Empires and the Company recognized $1.2 million in deferred revenues related to the settlement payment received in 2023.
	●	In March 2024, the Company entered into a development agreement with its related party, Suzhou Snail, to outsource the completion of an internal project, Hermes. Under the terms of the agreement, Suzhou Snail will outsource the labor needed to complete the development of project Hermes and provide technical support for a period of twelve months. The Company will retain all rights, title and interest, including the intellectual property for project Hermes. In return, the Company will pay Suzhou Snail $3.0 million in twelve equal monthly installments of $253,000, beginning on January 1, 2024.
	●	In April 2024, the Company paid $0.3 million of accrued interest and principal of its convertible notes balance.

SUBSEQUENT EVENTS (Details Narrative) - USD ($)			1 Months Ended				3 Months Ended	12 Months Ended
SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Feb. 29, 2024	Jan. 31, 2024	Apr. 30, 2024	Mar. 31, 2024	Jan. 31, 2024	Aug. 31, 2023	Mar. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Jan. 01, 2024
Subsequent Event [Line Items]
Short term debt								$ 2,333,333	$ 5,416,666
Accrued interest and principal								0	580,878
Proceeds from Convertible Debt						$ 554,246
Notes payable								6,500,000	4,166,667
Short-Term Debt [Member]
Subsequent Event [Line Items]
Short term debt								800,000
SDE [Member]
Subsequent Event [Line Items]
Accounts payable								$ 4,946,478
Offset Agreement [Member] \| SDE [Member] \| Forecast [Member]
Subsequent Event [Line Items]
Notes payable							$ 1,500,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Accrued interest and principal			$ 300,000
Subsequent Event [Member] \| Short-Term Debt [Member]
Subsequent Event [Line Items]
Short term debt		$ 800,000			$ 800,000
Subsequent Event [Member] \| Offset Agreement [Member] \| SDE [Member]
Subsequent Event [Line Items]
Accounts payable		500,000			500,000
Accounts receivable net current		6,000,000.0			6,000,000.0
Revolving loan balance					$ 3,000,000.0
Accrued interest and principal		$ 312,075
Conversion of Stock, Shares Converted		71,460
Proceeds from Convertible Debt		$ 60,000
Deferred income, revenue recognized	$ 1,200,000
Subsequent Event [Member] \| Development Agreement [Member]
Subsequent Event [Line Items]
Royalty expense				$ 3,000,000.0
Installments										$ 253,000

EQUITY (Tables)

12 Months Ended

Dec. 31, 2023

Accumulated Other Comprehensive Income (Loss) [Line Items]

SCHEDULE OF PROCEEDS BETWEEN THE INSTRUMENTS


Convertible notes	$	554,246
Derivative liability		-
Warrants		445,754
Total proceeds	$	1,000,000

SCHEDULE OF CONVERTIBLE NOTES

								Fair value
	Principal Amount		Unamortized debt discount and issuance costs			Net carrying amount		Amount		Levelling
Convertible Notes	$	860,910	$	(63,549	)	$	797,361	$	536,170		Level 3

SCHEDULE OF STOCK BASED WARRANTS

	Issuance date			December 31, 2023
Stock price	$	1.35		$	1.21
Exercise price	$	1.89		$	1.89
Contractual term (years)		5.0			4.65
Volatility		60.0	%		50.0	%
Risk-free rate		4.39	%		3.87	%

Director [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

SCHEDULE OF RESTRICTED STOCK UNITS ACTIVITY

	Restricted Stock Units			Weighted-Average Grant-Date Fair Values
Outstanding as of January 1, 2023		24,000		$	5.00
Granted		43,478			1.38
Vested		(24,000	)		(5.00	)
Forfeited or cancelled		—			—
Outstanding as of December 31, 2023		43,478		$	1.38

Employee Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

SCHEDULE OF RESTRICTED STOCK UNITS ACTIVITY

	Restricted Stock Units			Weighted-Average Grant-Date Fair Values
Outstanding as of January 1, 2023		1,197,552		$	5.00
Granted		—			—
Vested		—			—
Forfeited or cancelled		(32,305	)		5.00
Outstanding as of December 31, 2023		1,165,247		$	5.00

Warrant One [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

SCHEDULE OF STOCK BASED WARRANTS

	Issuance date			December 31, 2023
Stock price	$	1.35		$	1.21
Exercise price	$	1.50		$	1.50
Contractual term (years)		5.0			4.65
Volatility		40.0	%		50.0	%
Risk-free rate		5.49	%		3.87	%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

SCHEDULE OF FUTURE MINIMUM PAYMENTS OF LONG TERM DEBT (Details)	Dec. 31, 2023 USD ($)
Debt Disclosure [Abstract]
2024	$ 9,502,708
2025	86,013
2026	89,115
2027	92,329
2028	95,414
Thereafter	2,359,677
Long term debt	$ 12,225,256

- Definition

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References + Details

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	Sep. 08, 2023	Mar. 14, 2023
Commitments and Contingencies Disclosure [Abstract]
Deferred revenue	$ 1,500,000
Other Income	$ 300,000
Damages value		$ 3,000,000
Security deposit		$ 130,000

COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 18 – COMMITMENTS AND CONTINGENCIES

Litigation

The Company is subject to claims and contingencies related to lawsuits and other matters arising out of the normal course of business. In addition, the Company may receive notifications alleging infringement of patent or other intellectual property rights. The Company has elected to expense legal costs associated with legal contingencies as incurred.

On December 1, 2021, the Company and Studio Wildcard sent a notice of claimed infringement (the “DCMA Takedown Notice”) to Valve Corporation, which operates the Steam platform, pursuant to the Digital Millennium Copyright Act (“DCMA”). The DCMA Takedown Notice concerned a videogame titled Myth of Empires, which was developed by Suzhou Angela Online Game Technology Co., Ltd. (“Angela Game”) and published by Imperium Interactive Entertainment Limited (“Imperium”).

Snail Inc. and Subsidiaries

Notes to Consolidated Financial Statements

On December 9, 2021, Angela Game and Imperium sued the Company and Studio Wildcard in the United States District Court for the Central District of California (the “District Court”) in response to the DCMA Takedown Notice. The lawsuit sought a declaratory judgment on non-liability for copyright infringement and non-liability for trade secret misappropriation, as well as unspecified damages for alleged misrepresentations in the DCMA Takedown Notice. Angela Game and Imperium also filed an application for a temporary restraining order asking the court to order us and Studio Wildcard to rescind the DCMA Takedown Notice so that Steam could reinstate Myth of Empires for download. On December 20, 2021, the Company and Studio Wildcard filed an answer to the complaint, which included counterclaims against Angela Game and Imperium and a third-party complaint against Tencent seeking unspecified damages resulting from the alleged copyright infringement and misappropriation of trade secrets in connection with the ARK: Survival Evolved source code.

On September 8, 2023, the Company entered into a settlement agreement with Angela Game. The settlement agreement includes an upfront payment from Angela Game to the Company plus ongoing payments. The upfront payment of $1.5 million was recorded as deferred revenue, with $0.3 million of the payment included in “other income” and the remaining amount to be recognized upon the satisfaction of certain performance obligations and future revenue sharing.

On March 14, 2023, Bel Air Soto, LLC (“Plaintiff”) filed suit in the Superior Court of California, County of Los Angeles, against Snail Games USA Inc. and INDIEV, an affiliate company that is owned by Mr. Hai Shi, the Company’s Founder, Chief Strategy Officer, and Chairman, for breach of contract and related claims arising out of a commercial lease for premises located in Los Angeles County. Plaintiff alleges that the defendants exercised an option to extend the lease and was harmed when defendants instead terminated the lease and vacated the premises. The complaint seeks damages in excess of $3 million. Snail Games USA Inc. disputes the allegations and the amount of damages. The Company has responded to the complaint with an answer and cross-complaint. The cross-complaint seeks return for the $130,000 security deposit. The landlord has answered and denied the allegations of the cross-complaint. The Company intends to vigorously defend against the claims asserted.

On April 21, 2023, Snail Games USA Inc. entered into an indemnity and reimbursement agreement with INDIEV, dated as of April 1, 2023, pursuant to which INDIEV agrees to assume all obligations and liabilities pursuant to the lease and indemnify and reimburse Snail Games USA Inc. for any amounts, damages, expenses, costs or other liability incurred by Snail Games USA Inc. arising under or pursuant to the lease or relating to the premises.

In October 2023, INDIEV has filed for bankruptcy and the Company does not expect to recover its costs from INDIEV. At this time, the Company is unable to quantify the magnitude of the potential loss should the plaintiffs’ lawsuit succeed and accordingly no accrual for loss has been recorded in the accompanying financial statements.

Snail Inc. and Subsidiaries

Notes to Consolidated Financial Statements

SCHEDULE OF INCOME (LOSS) BEFORE INCOME TAXES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
United States	$ (11,666,676)	$ (1,587,477)
Foreign	171,600	135,232
Total	$ (11,495,076)	$ (1,452,245)

CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH AND CASH EQUIVALENTS

12 Months Ended

Dec. 31, 2023

Cash And Cash Equivalents And Restricted Cash And Cash Equivalents

CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH AND CASH EQUIVALENTS

NOTE 4 – CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH AND CASH EQUIVALENTS

Cash equivalents are valued using quoted market prices or other readily available market information. The Company has restricted cash and cash equivalents of $1,116,196 and $6,374,368 as of December 31, 2023 and 2022, respectively. The amounts of restricted cash and cash equivalents held as of December 31, 2023, are to secure the standby letter of credit with landlords and the amounts of restricted cash and cash equivalents as of December 31, 2022, are held as security for the debt with a financial institution (see Note 15 — Revolving Loan, Short Term Note, and Long-Term Debt) and to secure standby letters of credit with landlords. On June 21, 2023, the Company amended its revolving loan and $5,273,391 of restricted cash and cash equivalents was released. The following table summarizes the components of the Company’s cash and cash equivalents, and restricted cash and cash equivalents as of December 31, 2023 and 2022:

	2023		2022
Cash and cash equivalents	$	15,198,123	$	12,863,817
Restricted cash and cash equivalents		1,116,196		6,374,368
Cash and cash equivalents, and restricted cash and cash equivalents	$	16,314,319	$	19,238,185

REVOLVING LOAN, SHORT TERM NOTES AND LONG - TERM DEBT (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Short-Term Debt [Line Items]
Interest expense	$ 462,284	$ 26,514
Short term obligations	12,002,949	11,898,434
Amortization of debt discount	959,359	244,399
Revolver Loan [Member]
Short-Term Debt [Line Items]
Interest expense	1,485,241	$ 895,761
Interest expense	$ 2,903
weighted average interest rate	8.10%	6.90%

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

SCHEDULE OF INCOME (LOSS) BEFORE INCOME TAXES

The components of income (loss) before income taxes for the years ended December 31, 2023 and 2022 are as follows:

	2023			2022
United States	$	(11,666,676	)	$	(1,587,477	)
Foreign		171,600			135,232
Total	$	(11,495,076	)	$	(1,452,245	)

SCHEDULE OF INCOME TAX (BENEFIT) PROVISION

The income tax benefit for the years ended December 31, 2023 and 2022 are as follows:

	2023			2022
Current:
U.S. federal	$	112,344		$	(499,784	)
U.S. State		82,595			(2,535,117	)
Foreign		49,373			—
Total current income taxes		244,312			(3,034,901	)
Deferred:
U.S. federal		(2,577,737	)		602,102
U.S. State		(67,227	)		(11,686	)
Foreign		—			(1,938	)
Total deferred income taxes		(2,644,964	)		588,478
Income tax benefit	$	(2,400,652	)	$	(2,446,423	)

SCHEDULE OF PROVISION (BENEFITS) FOR INCOME TAXES RATE RECONCILIATION

	2023			2022
Federal statutory income tax rate		21.00	%		21.00	%
Valuation allowance		(1.21	)%		58.33	%
FIN 48		1.13	%		5.21	%
Return to provision		(0.78	)%		17.27	%
State refund benefit		—			130.84	%
Change in subsidiary tax status		—			(73.52	)%
PPP loan		—			2.45	%
GILTI		(0.43	)%		(1.80	)%
State taxes		(0.10	)%		2.94	%
Foreign withholding tax		(0.43	)%		—
R&D credit true-up		1.76	%		2.84	%
Rate change		(0.02	)%		1.82	%
Other		(0.04	)%		1.10	%
Effective tax rate		20.88	%		168.48	%

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities consisted of the following as of December 31, 2023 and 2022:

	2023			2022
Deferred tax assets (noncurrent):
Net operating losses	$	9,941,478		$	6,884,595
Deferred revenue		1,564,708			2,003,812
Research and development credit		664,877			494,777
Book lease liability (ASC 842)		640,414			937,968
Fixed assets and intangibles		286,902			1,959,679
Section 174 capitalized research and experimental expenditures		2,101,923			825,394
Interest limitation carryforward		329,383			30,944
Stock based compensation		234,110			48,678
Other		960,471			1,006,040
Total deferred tax assets		16,724,266			14,191,887
Deferred tax liabilities (noncurrent):
Book ROU assets (ASC 842)		(533,369	)		(786,350	)
Basis difference in subsidiary		(799,595	)		(797,806	)
Total deferred tax liabilities:		(1,332,964	)		(1,584,156	)
Long-term deferred tax asset		15,391,302			12,607,731
Valuation allowance		(5,143,802	)		(5,005,195	)
Net deferred tax asset	$	10,247,500		$	7,602,536

SCHEDULE OF UNRECOGNIZED TAX BENEFITS

The following table reflects changes in gross unrecognized tax benefits for the years ended December 31, 2023 and 2022:

SCHEDULE OF UNRECOGNIZED TAX BENEFITS

	2023			2022
Unrecognized tax benefits at beginning of year	$	696,895		$	693,913
Gross Increases – current year positions		—			—
Gross Increases – prior year positions		—			72,177
Gross Decreases – expiration of statute of limitation		(37,550	)		—
Gross Decreases – settlements		(171,737	)		(69,195	)
Unrecognized tax benefits at end of year	$	487,608		$	696,895

SCHEDULE OF STOCK BASED WARRANTS (Details) - $ / shares	1 Months Ended
SCHEDULE OF STOCK BASED WARRANTS (Details) - $ / shares	Dec. 31, 2023	Aug. 31, 2023
Warrant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock price	$ 1.21	$ 1.35
Exercise price	$ 1.89	$ 1.89
Contractual term (years)	4 years 7 months 24 days	5 years
Volatility	50.00%	60.00%
Risk-free rate	3.87%	4.39%
Warrant One [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock price	$ 1.21	$ 1.35
Exercise price	$ 1.50	$ 1.50
Contractual term (years)	4 years 7 months 24 days	5 years
Volatility	50.00%	40.00%
Risk-free rate	3.87%	5.49%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

SUMMARY OF COMPONENTS OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash And Cash Equivalents And Restricted Cash And Cash Equivalents
Cash and cash equivalents	$ 15,198,123	$ 12,863,817
Restricted cash and cash equivalents	1,116,196	6,374,368
Cash and cash equivalents, and restricted cash and cash equivalents	$ 16,314,319	$ 19,238,185	$ 16,554,115

PRESENTATION AND NATURE OF OPERATIONS (Details Narrative)			1 Months Ended		12 Months Ended
	Nov. 09, 2022 $ / shares shares	Jul. 13, 2022 shares	Apr. 30, 2024 USD ($)	Nov. 30, 2022 USD ($)	Dec. 31, 2023 USD ($) Integer	Dec. 31, 2022 USD ($)	Jan. 31, 2024 USD ($)
Net proceeds from shares issued in IPO						$ 11,791,705
Number of operating segments \| Integer					1
Revolving loan					$ 3,000,000.0
Short term debt					2,333,333	5,416,666
Accrued interest and principal					300,000
Interest Expense					1,500,000
Accrued interest and principal					0	580,878
Revolving loan payable current					6,000,000	$ 9,000,000
Prromissory note					2,800,000
Unrestricted cash					15,200,000
Subsequent Event [Member]
Accrued interest and principal			$ 300,000
Short-Term Debt [Member]
Short term debt					$ 800,000
Short-Term Debt [Member] \| Subsequent Event [Member]
Short term debt							$ 800,000
IPO [Member]
Net proceeds from shares issued in IPO				$ 12,000,000.0
Offering costs				$ 3,000,000.0
Period amount in escrow is restricted				12 months
Common Class A [Member]
Number of shares of common stock issued as per agreement \| shares	6,251,420
Common Class A [Member] \| IPO [Member]
Number of shares of common stock issued as per agreement \| shares	3,000,000
Share issued price per share \| $ / shares	$ 5.00
Common Class B [Member]
Number of shares of common stock issued as per agreement \| shares	28,748,580
Snail Games USA Stock holders [Member]
Number of shares transferred \| shares	500,000
Snail Technology Hk Limited [Member]
Number of shares transferred \| shares		500,000

REVENUE FROM CONTRACTS WITH CUSTOMERS (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Contract with Customer, Liability	$ 34,316,706	$ 9,551,446	$ 20,280,934
Non-refundable payments	32,500,000
Contract with customer liability	19,252,628	4,335,404
Deferred Income, Current	3,800,000
Contract with customer, liability, revenue recognized	500,000
Deferred revenue, current	$ 1,300,000	$ 1,300,000
Maximum [Member]
Disaggregation of Revenue [Line Items]
Expected timing of satisfaction period	60 months
Next 12 To 60 Months [Member]
Disaggregation of Revenue [Line Items]
Deferred income non current	$ 2,700,000
DLC [Member]
Disaggregation of Revenue [Line Items]
Contract with Customer, Liability	$ 13,700,000
Expected timing of satisfaction period	12 months
Contract with customer liability	$ 1,200,000
ARK II [Member]
Disaggregation of Revenue [Line Items]
Contract with Customer, Liability	$ 11,100,000
Expected timing of satisfaction period	24 months

OPERATING LEASE RIGHT-OF-USE ASSETS

12 Months Ended

Dec. 31, 2023

Operating Lease Right-of-use Assets

OPERATING LEASE RIGHT-OF-USE ASSETS

NOTE 17 – OPERATING LEASE RIGHT-OF-USE ASSETS

The Company’s right-of-use assets represent arrangements related primarily to office facilities used in the ordinary business operations of the Company and its subsidiaries. In April 2018, a commercial bank issued an irrevocable standby letter of credit on behalf of the Company to the landlord for $1,075,000 to lease office space. The standby letter of credit was valid for a one-year term and was amended in January 2021 to extend to January 31, 2026. As of December 31, 2023 and 2022, the Company’s net operating lease right-of-use assets amounted to $2,440,690 and $3,606,398, respectively. The Company had variable lease payments of approximately $125,207 and $77,385 during the years ended December 31, 2023 and 2022, respectively, which consisted primarily of common area maintenance charges and administrative fees. During the year ended December 31, 2022, the Company terminated one of its lease contracts and recognized a gain on the lease termination of $122,533. The effect of the termination on the related lease asset and liability were as follows:

	Right of			Accumulated		Lease Liability				Gain on
	Use Asset			Amortization		Current		Long Term		Termination
Lease Terminations	$	(1,301,571	)	$	907,370	$	442,704	$	74,030	$	122,533

Operating lease costs included in the general and administrative expenses in our consolidated statements of operations and comprehensive income (loss) for the years ended December 31, 2023 and 2022, are as follows:

SCHEDULE OF OPERATING LEASE COSTS

		2023				2022
Operating lease costs		$	1,578,751			$	1,590,872

Supplemental information related to operating leases for lease liabilities as of December 31, 2023 and 2022, is as follows:

	2023			2022
Cash paid for amounts included in the measurement of lease liabilities	$	1,548,889		$	1,489,396
Weighted average remaining lease term		1.9 years			2.9 years
Weighted average discount rate		5.00	%		5.00	%

Future undiscounted lease payments for operating leases and a reconciliation of these payments to our operating lease liabilities as of December 31, 2023 are as follows:

Years ending December 31,	Future lease payments		Imputed Interest Amount		Lease Liabilities
2024	$	1,610,844	$	105,810	$	1,505,034
2025		1,453,784		28,290		1,425,494
2026		—		—		—
Thereafter		—		—		—
Total future lease payments	$	3,064,628	$	134,100	$	2,930,528

SCHEDULE OF TERMINATIONS OPERATING LEASE (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Lessee, Lease, Description [Line Items]
Right of Use Asset	$ (2,440,690)	$ (3,606,398)
Lease Liability Current	1,505,034	1,371,227
Lease Liability Long Term	1,425,494	2,930,529
Gain on Termination		122,533
Lease Terminated And Expired [Member]
Lessee, Lease, Description [Line Items]
Right of Use Asset	(1,301,571)
Accumulated Amortization	907,370
Lease Liability Current	442,704
Lease Liability Long Term	74,030
Gain on Termination	$ 122,533	$ 122,533

SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT, NET (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 9,521,752	$ 9,534,357
Accumulated depreciation	(4,839,686)	(4,419,558)
Property, plant and equipment, net	4,682,066	5,114,799
Building [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,874,049	1,874,049
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,700,000	2,700,000
Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,010,218	1,010,218
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,537,775	1,537,775
Trucks [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	178,695	178,695
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,809,214	1,821,819
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 411,801	$ 411,801

PRESENTATION AND NATURE OF OPERATIONS

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

PRESENTATION AND NATURE OF OPERATIONS

NOTE 1 – PRESENTATION AND NATURE OF OPERATIONS

Snail, Inc. was incorporated under the laws of Delaware in January 2022. The terms “Snail, Inc,” “Snail Games,” “our” and the “Company” are used to refer collectively to Snail, Inc. and its subsidiaries. The Company’s fiscal year end is December 31. The Company was formed for the purpose of completing an initial public offering (“IPO”) and related transactions to carry on the business of Snail Games USA Inc. and its subsidiaries. Snail Games USA Inc. was founded in 2009 as a wholly owned subsidiary of Suzhou Snail Digital Technology Co., Ltd. (“Suzhou Snail”) located in Suzhou, China and is the operating entity that continues post IPO. Snail Games USA Inc. is devoted to researching, developing, marketing, publishing, and distributing games, content and support that can be played on a variety of platforms including game consoles, PCs, mobile phones and tablets.

On July 13, 2022, Suzhou Snail transferred all of its right, title, and interest to all of the 500,000 shares of common stock of the Company (“Shares”) to Snail Technology (HK) Limited (“Snail Technology”), an entity organized under the laws of Hong Kong, pursuant to the certain Share Transfer Agreement dated July 13, 2022 between Suzhou Snail and Snail Technology. Subsequently, Snail Technology transferred all of its right, title, and interest in the shares to certain individuals per the Share Transfer Agreement. In connection with the reorganization transaction described below the individuals contributed their interest in the Company to Snail, Inc. in return for common stock of Snail, Inc. in connection with Snail, Inc.’s IPO. Because the Company and Suzhou Snail are owned by the same shareholders, Suzhou Snail is considered a related party to the Company.

Reorganization Transaction and IPO

On September 16, 2022, Snail, Inc., filed a Registration Statement on Form S-1 with the United States Securities and Exchange Commission in connection with its IPO. On November 9, 2022, effective as of the IPO pricing, Snail Games USA Inc.’s existing shareholders transferred their 500,000 shares of common stock of Snail Games USA Inc. to Snail, Inc. in exchange for 6,251,420 shares of Class A common stock and 28,748,580 shares of Class B common stock of Snail, Inc., and Snail, Inc. became the parent of Snail Games USA Inc. Because the reorganization transaction was considered a transaction between entities under common control, the financial statements for periods prior to the reorganization transaction and the IPO have been adjusted to combine the previously separate entities for presentation purposes. On November 9, 2022, Snail, Inc. priced its IPO, and on November 10, 2022, Snail, Inc.’s Class A common stock began trading on The Nasdaq Capital Market under the ticker symbol SNAL. In the IPO, Snail, Inc. issued 3,000,000 shares of Class A common stock at $5.00 per share and net proceeds from the IPO were distributed to Snail Games USA Inc. in November 2022 in the amount of approximately $12.0 million, net of the underwriting discount and offering costs of $3.0 million. In connection with the IPO, $1.0 million of the IPO proceeds were remitted to an escrow account which is held to provide a source of funding for certain indemnification obligations of Snail, Inc. to the underwriters. The amount in escrow was reported as a restricted escrow deposit in the consolidated balance sheets as of December 31, 2022, until 12 months from the date of the offering, November 2023, at which time the restrictions were removed and the balance was reverted to unrestricted cash.

Basis of Presentation and Consolidation

The accompanying consolidated financial statements have been prepared in accordance with the rules and regulations of the SEC and generally accepted accounting principles as promulgated in the United States of America (“U.S. GAAP”).

In the opinion of management, all adjustments considered necessary for the fair presentation of the Company’s financial position and its results of operations in accordance with U.S. GAAP (consisting of normal recurring adjustments) have been included in the accompanying consolidated financial statements.

Snail Inc. and Subsidiaries

Notes to Consolidated Financial Statements

During the year ended December 31, 2023, certain comparative amounts have been reclassified due to immaterial errors identified by the Company in its presentation of certain server hosting costs. During the three months ended June 30, 2023, the Company began reporting all of its server hosting costs as costs of revenue whereas they were previously reported within both cost of sales and general and administrative expenses. The Company has assessed the materiality of these errors on its prior annual and interim financial statements, assessing materiality both quantitatively and qualitatively, in accordance with the SEC’s Staff Accounting Bulletin (“SAB”) No. 99 and SAB No. 108 and concluded that the errors were not material to those consolidated financial statements. However, to correctly present cost of revenues, gross profit and general and administrative expenses, the reclassifications have been made throughout this report and accompanying note disclosures. The effects on the related captions in the consolidated statements of operations and comprehensive income (loss) for all previously reported periods were as follows:

	For the twelve months ended December 31, 2022
	As reported		Adjustment			As adjusted
Cost of revenues	$	49,507,888	$	3,613,788		$	53,121,676
Gross profit		24,936,253		(3,613,788	)		21,322,465
General and administrative		22,327,746		(3,613,788	)		18,713,958

	For the three months ended March 31, 2023
	As reported		Adjustment			As adjusted
Cost of revenues	$	9,816,397	$	1,044,540		$	10,860,937
Gross profit		3,642,091		(1,044,540	)		2,597,551
General and administrative		5,570,291		(1,044,540	)		4,525,751

Snail Inc. and Subsidiaries

Notes to Consolidated Financial Statements

The consolidated financial statements include the accounts of Snail, Inc. and the following subsidiaries:

	Equity %
Subsidiary Name	Owned
Snail Games USA Inc.		100	%
Snail Innovation Institute		70	%
Frostkeep Studios, Inc.		100	%
Eminence Corp		100	%
Wandering Wizard, LLC		100	%
Donkey Crew, LLC		99	%
Interactive Films, LLC		100	%
Project AWK Productions, LLC		100	%
BTBX.IO, LLC		70	%

All intercompany accounts, transactions, and profits have been eliminated upon consolidation.

Use of Estimates

The preparation of consolidated financial statements in conformity with U.S. GAAP requires the Company to make estimates and assumptions that affect the amounts reported in our consolidated financial statements and the accompanying notes. Such estimates include revenue recognition, see Note 2 – Revenue Recognition, provisions for credit losses, deferred income tax assets and associated valuation allowances, deferred revenue, income taxes, valuation of intangibles, including those with related parties, impairment of intangible assets, stock-based compensation and fair value of warrants. These estimates generally involve complex issues and require management to make judgments, involve analysis of historical and future trends that can require extended periods of time to resolve, and are subject to change from period to period. In all cases, actual results could differ materially from estimates.

Segment Reporting

The Company has one operating and reportable segment. Our operations involve similar products and customers worldwide. Revenue earned is primarily derived from the sale of software titles, which are developed internally or licensed from related parties. Financial information about our segment and geographic regions is included in Note 3 – Revenue from Contracts with Customers.

Liquidity

For the first three quarters of the fiscal year 2023 the Company had a net loss, net cash used in operations, debt obligations coming due in less than 12 months, a potential need for additional capital, and had uncertainties surrounding its ability to raise additional capital and renegotiate its debt arrangements. In the fourth quarter of fiscal year 2023 the Company released ARK: Survival Ascended. The release resulted in significant increases in revenues, receivables and cashflows for the fourth quarter, in comparison to the first three quarters of 2023.

During the year ended December 31, 2023, the Company renewed its 2021 Revolving Loan (as defined below) which will become due and mature at the end of 2024. The Company paid $3.0 million of the revolving loan in January 2024. The Company paid off the $0.8 million balance of its 2022 Short Term Note (as defined below) in January 2024 and is in the process of negotiating a new term loan. The Company also repaid $0.3 million of accrued interest and principal on its convertible notes balance and the Company’s $1.5 million short term note was paid off in the first quarter of 2024. The Company paid an additional $0.3 million of accrued interest and principal on its convertible notes balance in April 2024. Currently, management expects that the Company will not be in compliance with its quarterly debt covenants for the three months ending March 31, 2024. Management is working with the lender to resolve the expected non-compliance with the debt covenants. The Company’s ability to comply with the covenants, or receive waivers for the covenants, can lead to the acceleration of payments due under the debt facilities with the lender, which include the $6.0 million revolving loan and $2.8 million promissory note, cause the lender to cease making advances under the revolving agreement, or allow the lender take possession of collateral.

Snail Inc. and Subsidiaries

Notes to Consolidated Financial Statements

From time to time, the Company could be required, or may otherwise attempt, to seek additional sources of capital, including, but not limited to, equity and/or debt financings. The need for additional capital depends on many factors, including, among other things, whether the Company can successfully renegotiate the terms of its debt arrangements, the rate at which the Company’s business grows, demands for working capital, revenue generated from existing downloadable content (“DLCs”) and game titles, launches of new DLCs and new game titles, and any acquisitions that the Company may pursue.

Our current unrestricted cash position of approximately $15.2 million, and our expected revenue receipts will allow the Company to continue operations beyond the next 12 months and service its current debts.

SCHEDULE OF UNRECOGNIZED TAX BENEFITS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Unrecognized tax benefits at beginning of year	$ 696,895	$ 693,913
Gross Increases – current year positions
Gross Increases – prior year positions		72,177
Gross Decreases – expiration of statute of limitation	(37,550)
Gross Decreases – settlements	(171,737)	(69,195)
Unrecognized tax benefits at end of year	$ 487,608	$ 696,895

DUE FROM SHAREHOLDER (Details Narrative) - USD ($)		12 Months Ended
DUE FROM SHAREHOLDER (Details Narrative) - USD ($)	Apr. 26, 2022	Dec. 31, 2023	Dec. 31, 2022
Dividend paid	$ 94,934,400		$ 94,934,400
Accrued interest		$ 0	580,878
Snail Digital Technology Co [Member]
Due from shareholder assigned to related party	94,934,400
Dividend paid	$ 94,934,400
Related Party [Member]
Due from other related parties			$ 0
Receivables from Stockholder [Member]
Related party transaction, rate		2.00%

SCHEDULE OF PROVISION (BENEFITS) FOR INCOME TAXES RATE RECONCILIATION (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Federal statutory income tax rate	21.00%	21.00%
Valuation allowance	(1.21%)	58.33%
FIN 48	1.13%	5.21%
Return to provision	(0.78%)	17.27%
State refund benefit		130.84%
Change in subsidiary tax status		(73.52%)
PPP loan		2.45%
GILTI	(0.43%)	(1.80%)
State taxes	(0.10%)	2.94%
Foreign withholding tax	(0.43%)
R&D credit true-up	1.76%	2.84%
Rate change	(0.02%)	1.82%
Other	(0.04%)	1.10%
Effective tax rate	20.88%	168.48%

SCHEDULE OF ACCOUNTS RECEIVABLE RELATED PARTY (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Accounts receivable – related party	$ 13,500,592	$ 13,519,409
Less: accounts payable – related party – SDE	(23,094,436)	(19,918,259)
Less: accounts receivable – related party, net of current portion	7,500,592
SDE [Member]
Defined Benefit Plan Disclosure [Line Items]
Less: accounts payable – related party – SDE	(10,946,478)	(2,175,225)
Net accounts receivable, related party - SDE	2,554,114	11,344,184
Net accounts receivable (payable), related party, current - SDE	$ (4,946,478)	$ 11,344,184

ACCOUNTS RECEIVABLE (PAYABLE) – RELATED PARTY

12 Months Ended

Dec. 31, 2023

Accounts Receivable Payable Related Party

ACCOUNTS RECEIVABLE (PAYABLE) – RELATED PARTY

NOTE 5 – ACCOUNTS RECEIVABLE (PAYABLE) – RELATED PARTY

Accounts receivable — related party represents receivables in the ordinary course of business attributable to certain mobile game revenues that, for administrative reasons, were collected by a related party and that the related party has not yet remitted back to the Company. Accounts receivable — related party is non-interest bearing and due on demand. The related party, SDE Inc. (“SDE”), is 100% owned and controlled by the wife of the Founder, Chief Strategy Officer and Chairman of the Company. In January 2024, the Company entered into an offset agreement with SDE. The Company has the right to offset payables due to the related party for royalties, IDC and marketing costs as they are determinable, mutual, and the right is enforceable by law. The Company will offset $0.5 million per month, or $6.0 million annually, beginning in January 2024, until the receivable has been collected or offset in full. To reflect the timing of the offset agreement, a portion of the SDE receivable has been reclassified as a long-term asset. The Company’s current SDE payable is greater than its current SDE receivable and has reclassified the net SDE payable to accounts payable – related parties as of December 31, 2023. During the year ended December 31, 2023, the Company made cash payments to SDE in the amount of $33.1 million and anticipates continuing to make cash payment to SDE in future years. As of December 31, 2023 and 2022, the outstanding balance of net accounts receivable from related party was as follows:

	2023			2022
Accounts receivable – related party	$	13,500,592		$	13,519,409
Less: accounts payable – related party – SDE		(10,946,478	)		(2,175,225	)
Net accounts receivable, related party - SDE		2,554,114			11,344,184
Less: accounts receivable – related party, net of current portion		7,500,592			-
Net accounts receivable (payable), related party, current - SDE	$	(4,946,478	)	$	11,344,184

Snail Inc. and Subsidiaries

Notes to Consolidated Financial Statements

PREPAID EXPENSES - RELATED PARTY (Tables)

12 Months Ended

Dec. 31, 2023

Prepaid Expenses - Related Party

SCHEDULE OF PREPAID EXPENSES - RELATED PARTY

	2023			2022
Prepaid royalties	$	6,086,406		$	582,500
Prepaid licenses		7,500,000			5,000,000
Other prepaids		242,060			-
Prepaid expenses - related party, ending balance		13,828,466			5,582,500
Less: short-term portion		(6,044,404	)		—
Total prepaid expenses - related party, long-term	$	7,784,062		$	5,582,500

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

SCHEDULE OF DISAGGREGATION OF REVENUE

	2023		2022
Over time	$	6,437,618	$	18,832,396
Point in time		54,464,480		55,611,745
Total revenue from contracts with customers:	$	60,902,098	$	74,444,141

Geography

The Company attributes net revenue to geographic regions based on customer location. Net revenue by geographic region for the years ended December 31, 2023 and 2022 were as follows:

	2023		2022
United States	$	53,577,666	$	69,977,621
International		7,324,432		4,466,520
Total revenue from contracts with customers:	$	60,902,098	$	74,444,141

Platform

Net revenue by platform for the years ended December 31, 2023 and 2022 were as follows:

	2023		2022
Console	$	26,628,037	$	32,382,088
PC		26,402,330		31,592,858
Mobile		5,830,671		9,506,777
Other		2,041,060		962,418
Total revenue from contracts with customers:	$	60,902,098	$	74,444,141

Distribution channel

	2023		2022
Digital	$	53,030,367	$	63,974,946
Mobile		5,830,671		9,506,777
Physical retail and other		2,041,060		962,418
Total revenue from contracts with customers:	$	60,902,098	$	74,444,141

SCHEDULE OF DEFERRED REVENUE

	2023			2022
Deferred revenue, beginning balance in advance of revenue recognition billing	$	9,551,446		$	20,280,934
Revenue recognized		(6,437,618	)		(18,832,396	)
Revenue deferred		31,202,878			8,102,908
Deferred revenue, ending balance		34,316,706			9,551,446
Less: current portion		(19,252,628	)		(4,335,404	)
Deferred revenue, long term	$	15,064,078		$	5,216,042

SCHEDULE OF COST OF REVENUES (Details) - USD ($)	12 Months Ended
SCHEDULE OF COST OF REVENUES (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Software license royalties – related parties	$ 14,398,482	$ 16,963,388
Software license royalties	1,128,517	145,055
License and amortization – related parties	20,496,961	25,407,002
License and amortization	804	250,876
Game localization		840
Merchant fees	1,369,595	2,424,832
Engine fees	4,301,104	1,972,126
Internet, server and data center	6,487,340	5,792,967
Costs related to advertising revenue	123,600	164,590
Total:	$ 48,306,403	$ 53,121,676

ACCOUNTS RECEIVABLE (PAYABLE) – RELATED PARTY (Tables)

12 Months Ended

Dec. 31, 2023

Accounts Receivable Payable Related Party

SCHEDULE OF ACCOUNTS RECEIVABLE RELATED PARTY

	2023			2022
Accounts receivable – related party	$	13,500,592		$	13,519,409
Less: accounts payable – related party – SDE		(10,946,478	)		(2,175,225	)
Net accounts receivable, related party - SDE		2,554,114			11,344,184
Less: accounts receivable – related party, net of current portion		7,500,592			-
Net accounts receivable (payable), related party, current - SDE	$	(4,946,478	)	$	11,344,184

INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 11 – INTANGIBLE ASSETS

Intangible assets consist of game licenses, game software underlying intellectual property rights, game trademarks and other branding items. The Company amortizes the intangible assets over its useful life.

The following tables reflect all the intangible assets presented on the consolidated balance sheets as of December 31, 2023 and 2022:

SCHEDULE OF INTANGIBLE ASSETS

	December 31, 2023
	Gross									Weighted
	Carrying		Accumulated			Impairment		Net Book		Average
	Amount		Amortization			Loss		Value		Useful Life
License rights from related parties	$	136,665,000	$	(136,665,000	)	$	—	$	—	3 - 5 years
License rights	$	3,000,000	$	(3,000,000	)	$	—	$	—	5 years
Intangible assets - other:
Software	$	51,784	$	(51,784	)	$	—	$	—	3 years
Trademark		10,745		(9,914	)		—		831	12 years
In-progress patent		270,886		—			—		270,886
Total:	$	333,415	$	(61,698	)	$	—	$	271,717

Snail Inc. and Subsidiaries

Notes to Consolidated Financial Statements

	December 31, 2022
	Gross									Weighted
	Carrying		Accumulated			Impairment		Net Book		Average
	Amount		Amortization			Loss		Value		Useful Life
License rights from related parties	$	136,665,000	$	(135,280,942	)	$	—	$	1,384,058	3 - 5 years
License rights	$	3,000,000	$	(3,000,000	)	$	—	$	—	5 years
Intangible assets - other:
Software	$	51,784	$	(51,784	)	$	—	$	—	3 years
Trademark		10,745		(9,110	)		—		1,635	12 years
In-progress patent		270,886		—			—		270,886
Total:	$	333,415	$	(60,894	)	$	—	$	272,521

Amortization expense was $1,384,862 and $7,657,669 for the years ended December 31, 2023 and 2022, respectively. These amounts are included in cost of revenues in the accompanying consolidated statements of operations and comprehensive income (loss). The weighted average remaining useful life for which amortization expense will be recognized is 1.0 years as of December 31, 2023. Future amortization expense of intangible assets is as follows:

Years ending December 31,	Amount
2024	$	804
2025		27
2026		—
2027		—
2028		—
Thereafter		270,886
Total	$	271,717

SCHEDULE OF PREPAID EXPENSES - RELATED PARTY (Details) - USD ($)	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Other prepaids		$ 70,967	$ 80,271
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Prepaid royalties	$ 6,086,406		582,500
Prepaid licenses	7,500,000		5,000,000
Other prepaids	242,060
Prepaid expenses - related party, ending balance	13,828,466		5,582,500
Less: short-term portion	(6,044,404)
Total prepaid expenses - related party, long-term	$ 7,784,062		$ 5,582,500

Consolidated Statements of Equity - USD ($)	Total	Common Stock [Member] Common Class A [Member]	Common Stock [Member] Common Class B [Member]	Additional Paid-in Capital [Member]	Due From Shareholder Loan And Interest Receivable [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Treasury Stock, Common [Member]	Parent [Member]	Noncontrolling Interest [Member]	Subsidiaries [Member] Common Stock [Member]
Balance, value at Dec. 31, 2021	$ 10,052,053			$ 94,159,167	$ (94,353,522)	$ (266,557)	$ 16,045,231		$ 15,589,319	$ (5,537,266)	$ 5,000
Balance, shares at Dec. 31, 2021											500,000
Loan to shareholder	(580,878)				(580,878)				(580,878)
Dividend Distribution				(73,078,112)	94,934,400		(21,856,288)
Withholding tax distribution	(8,200,000)			(8,200,000)					(8,200,000)
Reclass of common stock due to IPO reorganization		$ 625	$ 2,875	1,500							$ (5,000)
Reclass of common stock due to IPO reorganization, shares		6,251,420	28,748,580								(500,000)
Warrants issued to underwriters	193,927			193,927					193,927
IPO, net of offering costs	10,137,510	$ 300		10,137,210					10,137,510
IPO, net of offering costs, shares		3,000,000
Stock based compensation related to restricted stock units	223,250			223,250					223,250
Repurchase of common stock	(3,414,713)							$ (3,414,713)	(3,414,713)
Repurchase of common stock, shares								(1,197,649)
Foreign currency translation	(40,643)					(40,643)			(40,643)
Net income (loss)	994,178						947,807		947,807	46,371
Balance, value at Dec. 31, 2022	9,364,684	$ 925	$ 2,875	23,436,942		(307,200)	(4,863,250)	$ (3,414,713)	14,855,579	(5,490,895)
Balance, shares at Dec. 31, 2022		9,251,420	28,748,580					(1,197,649)
Return of dividend distribution tax withholding payment	1,886,600			1,886,600					1,886,600
Stock based compensation related to restricted stock units	848,035			848,035					848,035
Common stock issued for service		$ 2		(2)
Common stock issued for service, shares		24,000
Repurchase of common stock	(257,093)							(257,093)	(257,093)
Foreign currency translation	52,817					52,817			52,817
Net income (loss)	(9,094,424)						(9,086,075)		(9,086,075)	(8,349)
Balance, value at Dec. 31, 2023	$ 2,800,619	$ 927	$ 2,875	$ 26,171,575		$ (254,383)	$ (13,949,325)	$ (3,671,806)	$ 8,299,863	$ (5,499,244)
Balance, shares at Dec. 31, 2023		9,275,420	28,748,580					(1,350,275)

DIVIDEND DISTRIBUTION (Details Narrative) - USD ($)		1 Months Ended	12 Months Ended
DIVIDEND DISTRIBUTION (Details Narrative) - USD ($)	Apr. 26, 2022	Apr. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Dividend Distribution
Paid in-kind dividend	$ 94,934,400			$ 94,934,400
Cash dividend	$ 8,200,000
Dividends			0
Refund receivable related to withholding taxes		$ 1,886,600	$ 1,886,600

SCHEDULE OF PROCEEDS BETWEEN THE INSTRUMENTS (Details) - USD ($)	1 Months Ended	12 Months Ended
	Aug. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Equity [Abstract]
Convertible notes	$ 554,246
Derivative liability
Warrants	445,754		$ 193,927
Total proceeds	$ 1,000,000

EARNINGS (LOSS) PER SHARE (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

SCHEDULE OF EARNINGS PER SHARE

	2023			2022
	For the year ended December 31,
	2023			2022
Basic Earnings (Loss) Per Share:
Net (loss) income attributable to Class A common stockholders	$	(1,960,813	)	$	228,482
Net (loss) income attributable to Class B common stockholders		(7,125,262	)		719,325
Net (loss) income attributable to common stockholders		(7,125,262	)		719,325
Total net (loss) income attributable to Snail Inc and Snail Games USA Inc.	$	(9,086,075	)	$	947,807
Class A weighted average shares outstanding – basic		7,911,369			9,131,512
Class B weighted average shares outstanding – basic		28,748,580			28,748,580
weighted average shares outstanding - basic		28,748,580			28,748,580
Class A and B basic (loss) earnings per share	$	(0.25	)	$	0.03

Diluted Earnings (Loss) Per Share:
Net (loss) income attributable to Class A common stockholders	$	(1,960,813	)	$	228,482
Net (loss) income attributable to Class B common stockholders	$	(7,125,262	)	$	719,325
Net (loss) attributable to common stockholders	$	(7,125,262	)	$	719,325
Class A weighted average shares outstanding - basic		7,911,369			9,131,512
Dilutive effects of common stock equivalents		-			-
Class A weighted average shares outstanding - diluted		7,911,369			9,131,512
Class B weighted average shares outstanding - basic		28,748,580			28,748,580
weighted average shares outstanding - basic		28,748,580			28,748,580
Dilutive effects of common stock equivalents		-			-
Class B weighted average shares outstanding - diluted		28,748,580			28,748,580
weighted average shares outstanding - diluted		28,748,580			28,748,580
Diluted (loss) earnings per Class A and B share	$	(0.25	)	$	0.03

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

SCHEDULE OF COST OF REVENUES

	2023		2022
Software license royalties – related parties	$	14,398,482	$	16,963,388
Software license royalties		1,128,517		145,055
License and amortization – related parties		20,496,961		25,407,002
License and amortization		804		250,876
Game localization		-		840
Merchant fees		1,369,595		2,424,832
Engine fees		4,301,104		1,972,126
Internet, server and data center		6,487,340		5,792,967
Costs related to advertising revenue		123,600		164,590
Total:	$	48,306,403	$	53,121,676

SCHEDULE OF EQUITY INTEREST AND NON CONTROLLING INTEREST IN SUBSIDIARIES

Subsidiary Name	Equity % Owned			Non-Controlling %
Snail Innovative Institute		70	%		30	%
BTBX.IO, LLC		70	%		30	%
Donkey Crew, LLC		99	%		1	%

SCHEDULE OF USEFUL LIVES OF PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment, net, are stated at cost. Depreciation is calculated using the straight-line method over the following useful lives:

Buildings		39 years
Building improvements		7 years
Leasehold improvements		Lesser of the lease term or the estimated useful lives of the improvements, generally 5 to 15 years
Computer equipment and software		3 to 5 years
Furniture and fixtures		3 years
Auto and trucks		5 years

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Revenue Recognition

Revenue Recognition

The Company’s revenue is generated from the publishing of software games sold digitally and through physical discs (e.g., packaged goods), the publishing of separate downloadable content that are new feature releases to existing digital full-game downloads, and in-app purchases of virtual goods used by players of its free-to-play mobile games. When control of the promised products and services is transferred to the end users, the Company recognizes revenue in the amount that reflects the consideration it expects to receive in exchange for these products and services. Revenue from delivery of products is recognized at a point in time when the end consumers purchase the games, and the control of the license is transferred to them.

The virtual goods that the Company sells to players of our free-to-play mobile-games, include virtual currency or in-game purchases of additional game play functionality. For virtual goods, the satisfaction of our performance obligation is dependent on the nature of the virtual good purchased and as a result, the Company categorizes its virtual goods as follows:

	●	Consumable: consumable virtual items represent items that can be consumed by a specific player action. Consumable virtual items do not result in a direct benefit that the player keeps or provide the player any continuing benefit following consumption, and they often enable a player to perform an in-game action immediately. For the sale of consumable virtual items, the Company recognizes revenue as the items are consumed (i.e., over time).

	●	Durable: durable virtual items represent items that are accessible to the player over an extended period of time. The Company recognizes revenue from the sale of durable virtual items ratably over the estimated service period for the applicable game (i.e., over time), which represents our best estimate of the average life of the durable virtual item.

For the ARK: Survival Ascended DLC’s that have not yet launched and been reported in deferred revenue in the consolidated balance sheets, the Company has used the adjusted market assessment approach per ASC 606-10-32-34 to assign a value for the Company’s remaining performance obligation. The Company uses the following reasonably available information in developing the standalone selling prices of the performance obligations:

	●	Reasonably available data points, including third party or industry pricing, and contractually stated prices.

	●	Market conditions such as market demand, competition, market constraints, awareness of the product and market trends.

	●	Entity-specific factors including pricing strategies and objectives, market share and pricing practices for bundled arrangements.

The Company recognizes revenue using the following five steps as provided by Accounting Standards Codification (“ASC”) Topic 606 Revenue from Contracts with Customers: 1) identify the contract(s) with the customer; 2) identify the performance obligations in each contract; 3) determine the transaction price; 4) allocate the transaction price to the performance obligations; and 5) recognize revenue when, or as, the entity satisfies a performance obligation. The Company’s terms and conditions vary by customers and typically provide payment terms of net 30 to 75 days.

Principal vs. Agent Consideration

Principal vs. Agent Consideration

The Company offers certain software products via third-party digital storefronts, such as Microsoft’s Xbox Live, Sony’s PlayStation Network, Valve’s Steam, Epic Games Store, My Nintendo Store, Apple’s App Store, the Google Play Store, and retail distributors. For sales of our software products via third-party digital storefronts and retail distributor, the Company determines whether or not it is acting as the principal in the sale to the end user, which the Company considers in determining if revenue should be reported based on the gross transaction price to the end user or based on the transaction price net of fees retained by the third-party digital storefront. An entity is the principal if it controls a good or service before it is transferred to the customer. Key indicators that the Company uses in evaluating these sales transactions include, but are not limited to, the following:

	●	The underlying contract terms and conditions between the various parties to the transaction;

	●	Which party is primarily responsible for fulfilling the promise to provide the specified good or service; and

	●	Which party has discretion in establishing the price for the specified good or service.

Snail Inc. and Subsidiaries

Notes to Consolidated Financial Statements

Based on our evaluation of the above indicators, for sales arrangements via Microsoft’s Xbox Live, Sony’s PlayStation Network, Valve’s Steam, Epic Games Store, My Nintendo Store, and our retail distributor, the digital platforms and distributors have discretion in establishing the price for the specified good or service and the Company has determined it is the agent in the sales transaction to the end user and therefore the Company reports revenue on a net basis based on the consideration received from the digital storefront. For sales arrangements via Apple’s App Store and the Google Play Store, the Company has discretion in establishing the price for the specified good or service and it has determined that the Company is the principal to the end user and thus reports revenue on a gross basis and mobile platform fees charged by these digital storefronts are expensed as incurred and reported within cost of revenues.

Contract Balance

Contract Balance

The Company records deferred revenue when cash payments are received or due in advance of its performance, even if amounts are refundable.

Deferred revenue is comprised of the transaction price allocable to the Company’s performance obligation on technical support and the sale of virtual goods available for in-app purchase, and payments received from customers prior to launching the games on the platforms. The Company recognizes revenues from the sale of virtual goods ratably over their estimated service period. The Company’s estimated service period is generally 30 to 100 days from the date of purchase.

The Company has a long-term title license agreement with a platform. The agreement was initially made between the parties in November 2018 and valid through December 31, 2021. The agreement was subsequently amended in June 2020 to extend the ARK 1 availability on the platform perpetually, effective January 1, 2022 and to put ARK II on the platform for three years upon release. The Company recognized $2.5 million in revenue related to ARK 1’s perpetual license during the year ended December 31, 2022 and deferred $2.3 million related to ARK II that is included in the long-term portion of deferred revenue and will be recognized upon the release of ARK II on the platform.

In November 2021, the Company entered an agreement with a platform to make ARK 1 available on a platform for a period of 5 weeks in exchange for $3.5 million. The platform launched the 5-week program on March 1, 2022 and the Company recognized the full amount of revenue from this contract during the year ended December 31, 2022.

The Company entered into a non-exclusive license agreement with a platform in February 2020 to make ARK 1 available on the platform, exclusive of all available DLC, for a period of 2 weeks in exchange for $8.0 million. During the 2 weeks the platform offered digital rights to ARK 1 to its end users for free. The platform launched the first free week in June of 2020 and the Company recognized $4.0 million of the advanced payment as revenue during the year ended December 31, 2020. In September 2022, the platform launched the second free week and the Company recognized the remaining $4.0 million of revenue during year ended December 31, 2022.

In July 2023, the Company entered into a distribution agreement with its retail distribution partner for the distribution of ARK: Survival Ascended and ARK II. The initial term is two years and will renew each subsequent year unless it is cancelled. Upon executing the distribution agreement, the Company received $0.5 million and $1.3 million as prepaid royalties that are reported as current and long-term deferred revenue until the disc release of ARK: Survival Ascended and ARK II, respectively.

Estimated Service Period

Estimated Service Period

For certain performance obligations satisfied over time, the Company has determined that the estimated service period is the time period in which an average user plays our software games (“user life”) which most faithfully depicts the timing of satisfying our performance obligation. The Company considers a variety of data points when determining and subsequently reassessing the estimated service period for players of our software games. Primarily, the Company reviews the weighted average number of days between players’ first day play online or the subscription trend. The Company also considers publicly available online trends.

The Company believes this provides a reasonable depiction of the transfer of our game related services to our players, as it is the best representation of the period during which our players play our software games. Determining the estimated service period is subjective and requires significant management judgment and estimates. Future usage patterns may differ from historical usage patterns, and therefore the estimated service period may change in the future. The estimated service periods for players of our current software games are generally between 30 and 100 days depending on the software games.

Shipping, Handling and Value Added Taxes (“VAT”)

Shipping, Handling and Value Added Taxes (“VAT”)

The distributor, as the principal, is responsible for the shipping of the game discs to retail stores and incurring the shipping and VAT costs. The Company is paid the net sales amount after deducting shipping costs, VAT and other related expenses by the distributor.

Snail Inc. and Subsidiaries

Notes to Consolidated Financial Statements

Cost of Revenues

Cost of Revenues

Cost of revenues include software license royalty fees, merchant fees, server and database center costs, game localization costs, game licenses, engine fees and amortization costs. Cost of revenues for the years ended December 31, 2023 and 2022 were comprised of the following:

SCHEDULE OF COST OF REVENUES

	2023		2022
Software license royalties – related parties	$	14,398,482	$	16,963,388
Software license royalties		1,128,517		145,055
License and amortization – related parties		20,496,961		25,407,002
License and amortization		804		250,876
Game localization		-		840
Merchant fees		1,369,595		2,424,832
Engine fees		4,301,104		1,972,126
Internet, server and data center		6,487,340		5,792,967
Costs related to advertising revenue		123,600		164,590
Total:	$	48,306,403	$	53,121,676

General and Administrative Costs

General and Administrative Costs

General and administrative costs include rent, salaries, stock-based compensation, legal and professional expenses, administrative internet and server, contractor costs, insurance expense, licenses and permits, other taxes and travel expenses. These costs are expensed as they are incurred. For the years ended December 31, 2023 and 2022, general and administrative expenses totaled $15,816,088 and $18,713,958, respectively. Stock-based compensation of $799,955 and $223,250 was incurred during the years ended December 31, 2023 and 2022, respectively.

Advertising and Marketing Costs

Advertising and Marketing Costs

The Company expenses advertising and marketing costs as incurred. For the years ended December 31, 2023 and 2022, advertising and marketing expenses totaled $1,582,464 and $714,492, respectively.

Research and Development

Research and Development

Research and development costs are expensed as incurred. Research and development costs include travel, payroll, and other general expenses specific to research and development activities. Research and development costs for the years ended December 31, 2023 and 2022 were $5,057,421 and $2,955,592, respectively. Stock-based compensation of $48,080 was incurred during the year ended December 31, 2023; no stock-based compensation was incurred in the year ended December 31, 2022.

Non-controlling Interests

Non-controlling Interests

Non-controlling interests on the consolidated balance sheets and consolidated statements of operations and comprehensive income (loss) include the equity allocated to non-controlling interest holders. As of December 31, 2023 and 2022, there were non-controlling interests with the following subsidiaries:

Subsidiary Name	Equity % Owned			Non-Controlling %
Snail Innovative Institute		70	%		30	%
BTBX.IO, LLC		70	%		30	%
Donkey Crew, LLC		99	%		1	%

Snail Inc. and Subsidiaries

Notes to Consolidated Financial Statements

Cash and Cash Equivalents and Restricted Cash and Cash Equivalents

Cash and Cash Equivalents and Restricted Cash and Cash Equivalents

Cash is available for use in current operations or other activities such as capital expenditures and business combinations. Restricted cash and cash equivalents are time deposits, that are currently provided as a standby letter of credit to landlords. The Company’s policy for determining whether an item is treated as cash, or a cash equivalent, is based on its original maturity, liquidity, and risk profile. Investments with maturities of three months or less, are highly liquid and have insignificant risk are considered to be cash equivalents.

Restricted Escrow Deposits

Restricted Escrow Deposits

Our restricted deposits held in escrow are to provide a source of funding for certain indemnification obligations of Snail, Inc. to our underwriters in connection with our IPO. The deposit and related interest earnings were restricted for one year from the IPO date and were released from restrictions in November 2023.

Accounts Receivable

Accounts Receivable

The Company generally records a receivable related to revenue when it has an unconditional right to invoice and receive payment. Accounts receivable are carried at original invoice amount less an allowance made for credit losses. The Company uses a combination of quantitative and qualitative factors to estimate the allowance, including an analysis of the customers’ creditworthiness, historical experience, age of current accounts receivable balances, changes in financial condition or payment terms of our customers, and reasonable forecasts of the collectability of the accounts receivable. The Company evaluates the allowance for credit losses on a periodic basis and adjusts it as necessary based on the risk factors mentioned above. Any increase in the provision for credit losses is recorded as a charge to general and administrative expense in the current period. Any amounts deemed uncollectible are written off against the allowance for credit losses. Management judgment is required to estimate our allowance for credit losses in any accounting period. The amount and timing of our credit losses and cash collection could change significantly because of a change in any of the risk factors mentioned above. During the year ended December 31, 2023, the Company’s allowance for credit losses increased from $19,929 to $523,500 due to an increase in credit risk of one of the Company’s platform partners as a result of continued delays in payments. There was an additional $77,928 recognized as credit losses due to the bankruptcy of the Company’s related party, INDIEV, Inc. (“INDIEV”) during the year ended December 31, 2023. There were no credit losses recognized in the year ended December 31, 2022.

Property, Plant and Equipment, Net

Property, Plant and Equipment, Net

Property, plant and equipment, net, are stated at cost. Depreciation is calculated using the straight-line method over the following useful lives:

Buildings		39 years
Building improvements		7 years
Leasehold improvements		Lesser of the lease term or the estimated useful lives of the improvements, generally 5 to 15 years
Computer equipment and software		3 to 5 years
Furniture and fixtures		3 years
Auto and trucks		5 years

When assets are retired or disposed of, the cost and accumulated depreciation thereon are removed, and any resulting gains or losses are included in the consolidated statements of operations and comprehensive income (loss). Leasehold improvements are amortized using the straight-line method over the estimated life of the asset, not to exceed the length of the lease. Repairs and maintenance costs are expensed as incurred.

Foreign Currency

Foreign Currency

The functional currency for our foreign operations is primarily the applicable local currency. Accounts of foreign operations are translated into U.S. dollars using exchange rates for assets and liabilities at the balance sheet date and average prevailing exchange rates for the period for revenue and expense accounts. Adjustments resulting from the translation are included in accumulated other comprehensive loss. Realized and unrealized transaction gains and losses arising from transactions denominated in foreign currencies different than the relevant functional currency are included in our consolidated statements of operations and comprehensive income (loss) in the period in which they occur.

Intangible Assets – License Usage Rights

Intangible Assets – License Usage Rights

The Company enters into license agreements with third-party developers and related party developers that require the Company to make payments for license usage rights and game development and production services. These license agreements grant the Company the exclusive publishing and distribution rights to game titles as well as, in some cases, the underlying intellectual property rights. These license agreements also specify the payment schedules, royalty rates and the relevant licensing period. The Company capitalizes the cost of license usage rights as intangible assets and amortizes them over the terms of the respective licensing rights.

Fair Value Measurements

Fair Value Measurements

The Company follows Financial Accounting Standards Board (“FASB”) ASC Topic 820, Fair Value Measurements. ASC 820 defines fair value, establishes a framework for measuring fair value under generally accepted accounting principles and enhances disclosures about fair value measurements. Fair value is defined under ASC 820 as the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants.

ASC 820 establishes a hierarchy of valuation inputs based on the extent to which the inputs are observable in the marketplace. Observable inputs reflect market data obtained from sources independent of the reporting entity and unobservable inputs reflect the entity’s own assumptions about how market participants would value an asset or liability based on the best information available. Valuation techniques used to measure fair value under ASC 820 must maximize the use of observable inputs and minimize the use of unobservable inputs. The standard describes a fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value.

The following describes the hierarchy of inputs used to measure fair value and the primary valuation methodologies used by the Company for financial instruments measured at fair value.

The three levels of inputs are as follows:

	●	Level 1: Quoted prices in active markets for identical assets or liabilities that the Company has an ability to access as of the measurement date.

	●	Level 2: Inputs that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the same term of the assets or liabilities.

	●	Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

Snail Inc. and Subsidiaries

Notes to Consolidated Financial Statements

A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Our financial instruments include cash and cash equivalents, restricted cash and cash equivalents, short-term financial instruments, derivative instruments, short-term loans, accounts receivable and accounts payable. The carrying values of these financial instruments approximate their fair value due to their short maturities. The carrying amount of our debt approximates fair value because the interest rates on these instruments approximate the interest rate on debt with similar terms available to us for a similar duration except for the Company’s promissory note which has a fixed rate for 5 years, then a floating rate that approximates the Wall Street Journal Prime Rate plus 0.50%. The Company considers the carrying amount of the loan to approximate fair value as the discounted cost in comparison to market rates would not be materially different than the cost to acquire a loan with similar terms. The Company’s convertible notes, warrant liability and derivative instruments are valued at fair value, using level 3 inputs and the Monte-Carlo pricing model. The most significant of the inputs are the stock price, exercise price, contractual term, volatility, and the risk-free rate. Our building is valued at fair value using level 2 inputs for purposes of securing our debt; the buildings carrying value is based on cost and straight-line depreciation. The Company does not have any other assets or liabilities measured at fair value on a recurring or non-recurring basis as of December 31, 2023 and December 31, 2022.

Amortizable Intangibles and Other Long-lived Assets

Amortizable Intangibles and Other Long-lived Assets

The Company’s long-lived assets and other assets consisting of property, plant and equipment and purchased intangible assets, are reviewed for impairment in accordance with the guidance of FASB Topic ASC 360, Property, Plant, and Equipment. Intangible assets subject to amortization are carried at cost less accumulated amortization and amortized over the estimated useful life in proportion to the economic benefits received. The Company evaluates the recoverability of definite-lived intangible assets and other long-lived assets in accordance with ASC Subtopic 360-10, which generally requires the assessment of these assets for recoverability when events or circumstances indicate a potential impairment exists. The Company considers certain events and circumstances in determining whether the carrying value of identifiable intangible assets and other long-lived assets, other than indefinite lived intangible assets, may not be recoverable including, but not limited to: significant changes in performance relative to expected operating results; significant changes in the use of the assets; significant negative industry or economic trends; and changes in the Company’s business strategy. If the Company determines that the carrying value may not be recoverable, the Company estimates the undiscounted cash flows to be generated from the use and ultimate disposition of the asset group to determine whether an impairment exists. If an impairment is indicated based on a comparison of the asset groups’ carrying values and the undiscounted cash flows, the impairment loss is measured as the amount by which the carrying amount of the asset group exceeds its fair value. Fair value is determined through various valuation techniques including discounted cash flow models, quoted market values and third-party independent appraisals, as considered necessary. There can be no assurance, however, that market conditions will not change or demand for the Company’s products under development will continue. Either of these could result in future impairment of long-lived assets. Actual useful lives and cash flows could be different from those estimated by management which could have a material effect on our consolidated reporting results and financial positions.

Income Taxes

Income Taxes

Income taxes are provided for the tax effects of transactions reported in the consolidated financial statements and consisted of taxes currently due and deferred taxes. Deferred taxes are recognized for the differences between the basis of assets and liabilities for financial statement and income tax purposes.

The Company follows FASB Topic ASC 740, Income Taxes, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the consolidated financial statements or tax returns.

Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates, applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

FASB ASC 740-10-25 provides criteria for the recognition, measurement, presentation, and disclosure of uncertain tax positions. The Company must recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate resolution. The Company recognizes liabilities for uncertain tax positions pursuant to FASB ASC 740-10-25. Such amounts are included in the long-term accrued expenses on the accompanying consolidated balance sheets in the amount of $254,731 and $457,024 as of December 31, 2023 and 2022, respectively. The Company accrues and recognizes interest and penalties related to unrecognized tax benefits in operating expenses.

Snail Inc. and Subsidiaries

Notes to Consolidated Financial Statements

Concentration of Credit Risk and Significant Customers

Concentration of Credit Risk and Significant Customers

The Company maintains cash balances at several major financial institutions. While the Company attempts to limit credit exposure with any single institution, balances often exceed insurable amounts. As of December 31, 2023 and 2022, the Company had deposits of $14,716,652 and $17,929,308, respectively, that were not insured by the Federal Deposit Insurance Corporation and are included in the cash and cash equivalents, restricted escrow deposit and restricted cash and cash equivalents, in the accompanying consolidated balance sheets.

The Company extends credit to various digital resellers and partners. Collection of trade receivables may be affected by changes in economic or other industry conditions and may, accordingly, impact our overall credit risk. The Company does not require collateral or other security to support financial instruments subject to credit risk. The Company performs ongoing credit evaluations of customers and maintains reserves for potentially uncollectible accounts. The Company had four customers as of December 31, 2023, and two customers as of December 31, 2022, who accounted for approximately 95% and 57% of consolidated gross receivables, respectively. Among the four customers as of December 31, 2023, and two customers as of December 31, 2022, each customer accounted for 43%, 20%, 16% and 16% as of December 31, 2023, and 29% and 28% as of December 31, 2022 of the consolidated gross receivables outstanding. During the years ended December 31, 2023 and 2022, approximately 80% and 54%, respectively, of net revenue was derived from these customers. The Company had three customers in the year ended December 31, 2023, and three customers in the year ended December 31, 2022, that accounted for 42%, 18%, and 11%, and 30%, 23% and 12% of the Company’s net revenue, respectively. The loss of these customers or declines in the forecasts of their accounts receivable collectability would have a significant impact on the Company’s financial performance.

As of December 31, 2023 and 2022, the Company had one vendor who accounted for approximately 69% and two vendors who accounted for approximately 43% and 12% of consolidated gross payables, respectively. The loss of these vendors could have a significant impact on the Company’s financial performance and regulatory compliance.

The Company had one vendor, SDE, a related party, that accounted for 51% and 47% of the Company’s combined cost of revenues and operating expenses during the years ended December 31, 2023 and 2022, respectively. Amounts payable to SDE are included in accounts payable - related parties in the consolidated balance sheets as of December 31, 2023 and 2022. The loss of SDE as a vendor would significantly and adversely affect the Company’s core business.

Leases

Leases

The Company has a lease relating primarily to office facilities. The Company determines if an arrangement is or contains a lease at contract inception. Right-of-use assets represent the Company’s right to use an underlying asset for the lease term, and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. The lease liability is measured as the present value of the unpaid lease payments, and the right-of-use asset value is derived from the calculation of the lease liability. Lease payments include fixed and in-substance fixed payments, variable payments based on an index or rate, variable payments based on the level of services provided by the landlords of our leases, reasonably certain purchase options, and termination penalties. Variable lease payments related to the services provided by the landlords are non-lease components that are recognized as rent expenses as incurred. For leased assets with similar lease terms and asset types, the Company applied a portfolio approach in determining a single incremental borrowing rate for the leased assets. The Company uses its estimated incremental borrowing rate, which is derived from information available at the lease commencement date, in determining the present value of lease payments because the Company does not have the information necessary to determine the rate implicit in the lease. Lease expense for operating lease payments is recognized on a straight-line basis over the lease term. The Company’s lease term includes any option to extend the lease when it is reasonably certain to be exercised based on considering all relevant factors. Leases with an initial term of 12 months or less are not recorded on the consolidated balance sheets and the Company recognizes lease expense for these leases on a straight-line basis over the lease term. Operating leases are included in operating lease right-of-use assets, net, current portion of operating lease liabilities, and operating lease liabilities, net of current portion on the consolidated balance sheets.

Recently Issued Accounting Pronouncements

Recently Issued Accounting Pronouncements

In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses, which replaces the incurred loss impairment methodology in current US GAAP with a methodology that requires the reflection of expected credit losses and also requires consideration of a broader range of reasonable and supportable information to determine credit loss estimates. It also eliminates the concept of other-than-temporary impairment and requires credit losses related to available-for-sale debt securities to be recorded through an allowance for credit losses rather than as a reduction in the amortized cost basis of the securities. For most financial instruments, the standard requires the use of a forward-looking expected loss model rather than the incurred loss model for recognizing credit losses, which generally results in the earlier recognition of credit losses on financial instruments. The Company adopted ASU 2016-13 on January 1, 2023. Adopting the new standard did not have a material impact on the Company’s consolidated financial statements.

In August 2020, the FASB issued ASU 2020-06, Contracts in Entity’s Own Equity (Subtopic 815-40) – Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity, to simplify the application of GAAP for certain financial instruments with characteristics of liabilities and equity. The FASB decided to eliminate certain accounting models to simplify the accounting for convertible instruments, reduce complexity for preparers and practitioners, and improve the decision usefulness and relevance of the information provided to financial statement users. The FASB also amended the guidance for derivatives scope exception for contracts in an entity’s own equity to reduce form-over-substance-based accounting conclusion and amended the related earnings per share guidance. The Company has elected to delay implementation of this standard until January 1, 2024 based on its emerging growth status. The Company is evaluating the impact of adopting the new standard.

In October 2023, the FASB issued ASU 2023-06, Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative, to clarify or improve disclosure and presentation requirements of a variety of topics. Certain of the amendments represent clarifications to or technical corrections of the current requirements. Many of the amendments allow users to more easily compare entities subject to the SEC’s existing disclosures with those entities that were not previously subject to the SEC’s requirements. ASU 2023-06 is effective for companies subject to the SEC’s disclosure requirements. The effective date for each amendment will be the date on which the SEC’s removal of that related disclosure from Regulation S-X or Regulation S-K becomes effected. For all other entities the amendments will be effective two years. The Company is evaluating the impact of adopting the new standard.

In November 2023, the FASB issued ASU 2023-07, Improvements to Reportable Segment Disclosure (Topic 280), to improve financial reporting by requiring disclosure of incremental segment information on an annual and interim basis for all public entities. The update does not change how a public entity identifies its operating segments, aggregates those operating segments, or applied the quantitative thresholds to determine its reportable segments. The amendments in this update are effective for fiscal years beginning after December 15, 2023, and interim periods beginning after December 15, 2024. The Company is evaluating the impact of adopting the new standard.

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, to improve the transparency of income tax disclosures requiring consistent categories and greater disaggregation of information in the rate reconciliation and income taxes paid disaggregated by jurisdiction. The amendments in the update requires that public business entities, on an annual basis, disclose specific categories in the rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. The amendments in this update are effective for annual periods beginning after December 15, 2024. The Company is evaluating the impact of adopting the new standard.

Snail Inc. and Subsidiaries

Notes to Consolidated Financial Statements

Employee Savings Plans

Employee Savings Plans

The Company maintains a 401(k) for its United States based employees. The plan is offered to all eligible employees to make voluntary contributions. Employer contributions to the plan are reported under general and administrative costs in the amounts of $88,756 and $65,908 for the years ended December 31, 2023 and 2022.

Stock-Based Compensation

Stock-Based Compensation

The Company recognizes compensation cost for stock-based awards to employees based on the awards’ estimated grant-date fair value using a straight-line approach over the service period for which such awards are expected to vest. The Company accounts for forfeitures as they occur. The Company issued restricted stock units (“Restricted Stock Units” or “restricted stock units”) during the years ended December 31, 2023, and 2022. The fair value of Restricted Stock Units is determined based on the quoted market price of our common stock on the date of grant.

The Company’s 2022 Omnibus Incentive Plan (the “2022 Plan”) became effective upon the consummation of the IPO. The 2022 Omnibus Incentive allows us to grant options to purchase our common stock and to grant stock options, stock appreciation rights, restricted stock, restricted stock units and performance awards and other cash-based awards and other stock-based awards to our employees, officers, and directors, up to a maximum of 5,718,000 shares. Stock options may be granted to employees and officers and non-qualified options may be granted to employees, officers, and directors, at not less than the fair market value on the date of grant. The number of shares of common stock available for issuance under the 2022 Plan will be increased annually on the first day of each fiscal year during the term of the 2022 Plan, beginning with the 2023 fiscal year, by an amount equal to the lesser of (a) 5,718,000 shares, (b) 1% of the shares of the Company’s Class B common stock outstanding (on a fully diluted basis) on the final day of the immediately preceding calendar year or (c) such smaller number of shares as determined by the Company’s board of directors. As of December 31, 2023, there were 4,485,275 shares reserved for issuance under the 2022 Plan.

Restricted Stock Units

Restricted Stock Units

The Company granted restricted stock units under our 2022 Omnibus Incentive Plan to employees and directors. Restricted stock units are unfunded, unsecured rights to receive common stock upon the satisfaction of certain vesting criteria. Upon vesting, a number of shares of common stock equivalent to the number of restricted stock units is typically issued net of required tax withholding requirements, if any. Restricted stock units are subject to forfeiture and transfer restrictions. For the years ended December 31, 2023 and 2022, stock-based compensations expenses amounted to $848,035 and $223,250, respectively.

Warrants

Warrants

In connection with the IPO, offering costs related to legal, accounting, and underwriting costs were net with the proceeds and recorded as a reduction in additional paid in capital, in the stockholders’ equity section of the consolidated balance sheets. The Company also issued Underwriters Warrants (as defined below) for services provided during the IPO to purchase 120,000 shares of Class A common stock. The Underwriters Warrants are accounted for as equity instruments and are included in the stockholders’ equity section of the consolidated balance sheets. The fair value of the Underwriters Warrants has been estimated using the Black-Scholes option pricing model.

On August 24, 2023, the Company issued warrants in connection with its convertible debt for the purchase of 714,285 shares (the “Convertible Note Warrants”). The Convertible Note Warrants are accounted for as a liability and are included in the accrued expenses and other liabilities in the consolidated balance sheets. The fair value of the Convertible Note Warrants has been estimated using the Monte-Carlo pricing model. For more information regarding convertible notes and related warrants see Note 20 - Equity.

On August 24, 2023, the Company issued a warrant to an investor (the “Equity Line Warrant”) for the purchase of 367,647 shares of Class A common stock in consideration of the investor’s commitment to purchase Class A common stock. The fair value of the Equity Line Warrant is recorded as a warrant liability and is included in the accrued expenses and other liabilities in the Company’s consolidated balance sheets. The fair value of the Equity Line Warrants has been estimated using the Monte-Carlo pricing model using level 3 inputs. The most significant of the inputs used are the underlying stock price, the exercise price, the contractual term, volatility and the risk-free rate. For more information regarding equity line and related warrants see Note 20 – Equity.

Share Repurchase Program

Share Repurchase Program

On November 10, 2022, the Company’s board of directors authorized a share repurchase program under which the Company may repurchase up to $5 million of outstanding shares of Class A common stock of the Company, subject to ongoing compliance with the Nasdaq listing rules. The program does not have a fixed expiration date. Repurchased shares are accounted for at cost and reported as a reduction of equity in the consolidated balance sheets under treasury stock. No treasury stock was sold during the years ended December 31, 2023 and 2022. As of December 31, 2023, 1,350,275 shares of Class A common stock were repurchased pursuant to the Share Repurchase Program for an aggregate purchase price of approximately $3.7 million. The average price paid per share was $2.72 and approximately $1.3 million aggregate amount of shares of Class A common stock remain available for repurchase under the Share Repurchase Program.

Snail Inc. and Subsidiaries

Notes to Consolidated Financial Statements

Earnings (Loss) Per Share

Earnings (Loss) Per Share

Earnings (loss) per share (“EPS”) is calculated by dividing the net income (loss) that is applicable to the common stockholders for the period by the weighted average number of shares of common stock during that period. The diluted EPS for the period is calculated by dividing the net income (loss) applicable to common stockholders for the period by the weighted average number of shares of common stock and common stock equivalents outstanding during the period. The Company’s common stock equivalents are measured using the treasury stock method and represent unvested restricted stock units and warrants. The Company issues two classes of common stock with differing voting rights, and as such, reports EPS using the dual class method. For comparative purposes, the Company has presented EPS for the year ended December 31, 2022 assuming the number of shares exchanged in the reorganization and issued in the IPO of the Company were outstanding at the start of the year. For more information see Note 19 – Earnings (Loss) Per Share.

Dividend Restrictions

Dividend Restrictions

Our ability to pay cash dividends is currently restricted by the terms of our credit facilities.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Revenue Recognition

	●	Consumable: consumable virtual items represent items that can be consumed by a specific player action. Consumable virtual items do not result in a direct benefit that the player keeps or provide the player any continuing benefit following consumption, and they often enable a player to perform an in-game action immediately. For the sale of consumable virtual items, the Company recognizes revenue as the items are consumed (i.e., over time).

	●	Durable: durable virtual items represent items that are accessible to the player over an extended period of time. The Company recognizes revenue from the sale of durable virtual items ratably over the estimated service period for the applicable game (i.e., over time), which represents our best estimate of the average life of the durable virtual item.

	●	Reasonably available data points, including third party or industry pricing, and contractually stated prices.

	●	Market conditions such as market demand, competition, market constraints, awareness of the product and market trends.

	●	Entity-specific factors including pricing strategies and objectives, market share and pricing practices for bundled arrangements.

Principal vs. Agent Consideration

	●	The underlying contract terms and conditions between the various parties to the transaction;

	●	Which party is primarily responsible for fulfilling the promise to provide the specified good or service; and

	●	Which party has discretion in establishing the price for the specified good or service.

Snail Inc. and Subsidiaries

Notes to Consolidated Financial Statements

Contract Balance

The Company records deferred revenue when cash payments are received or due in advance of its performance, even if amounts are refundable.

Estimated Service Period

Shipping, Handling and Value Added Taxes (“VAT”)

Snail Inc. and Subsidiaries

Notes to Consolidated Financial Statements

Cost of Revenues

SCHEDULE OF COST OF REVENUES

	2023		2022
Software license royalties – related parties	$	14,398,482	$	16,963,388
Software license royalties		1,128,517		145,055
License and amortization – related parties		20,496,961		25,407,002
License and amortization		804		250,876
Game localization		-		840
Merchant fees		1,369,595		2,424,832
Engine fees		4,301,104		1,972,126
Internet, server and data center		6,487,340		5,792,967
Costs related to advertising revenue		123,600		164,590
Total:	$	48,306,403	$	53,121,676

General and Administrative Costs

Advertising and Marketing Costs

The Company expenses advertising and marketing costs as incurred. For the years ended December 31, 2023 and 2022, advertising and marketing expenses totaled $1,582,464 and $714,492, respectively.

Research and Development

Non-controlling Interests

Subsidiary Name	Equity % Owned			Non-Controlling %
Snail Innovative Institute		70	%		30	%
BTBX.IO, LLC		70	%		30	%
Donkey Crew, LLC		99	%		1	%

Snail Inc. and Subsidiaries

Notes to Consolidated Financial Statements

Cash and Cash Equivalents and Restricted Cash and Cash Equivalents

Restricted Escrow Deposits

Accounts Receivable

Property, Plant and Equipment, Net

Property, plant and equipment, net, are stated at cost. Depreciation is calculated using the straight-line method over the following useful lives:

Buildings		39 years
Building improvements		7 years
Leasehold improvements		Lesser of the lease term or the estimated useful lives of the improvements, generally 5 to 15 years
Computer equipment and software		3 to 5 years
Furniture and fixtures		3 years
Auto and trucks		5 years

Foreign Currency

Intangible Assets – License Usage Rights

Fair Value Measurements

The following describes the hierarchy of inputs used to measure fair value and the primary valuation methodologies used by the Company for financial instruments measured at fair value.

The three levels of inputs are as follows:

	●	Level 1: Quoted prices in active markets for identical assets or liabilities that the Company has an ability to access as of the measurement date.

	●	Level 2: Inputs that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the same term of the assets or liabilities.

	●	Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

Snail Inc. and Subsidiaries

Notes to Consolidated Financial Statements

Amortizable Intangibles and Other Long-lived Assets

Income Taxes

Snail Inc. and Subsidiaries

Notes to Consolidated Financial Statements

Concentration of Credit Risk and Significant Customers

Leases

Recently Issued Accounting Pronouncements

Snail Inc. and Subsidiaries

Notes to Consolidated Financial Statements

Employee Savings Plans

Stock-Based Compensation

Restricted Stock Units

Warrants

Share Repurchase Program

Snail Inc. and Subsidiaries

Notes to Consolidated Financial Statements

Earnings (Loss) Per Share

Dividend Restrictions

Our ability to pay cash dividends is currently restricted by the terms of our credit facilities.

PREPAID EXPENSES - RELATED PARTY (Details Narrative) - USD ($) $ in Millions	Mar. 10, 2023	Dec. 31, 2023	Dec. 31, 2022
Amount prepaid in advance	$ 5.0
Maximum amount payable	$ 5.0
ARK I [Member]
Prepaid expenses license rights		$ 2.5
Prepaid royalties		$ 5.5
ARK II [Member]
Prepaid expenses license rights			$ 5.0

PRESENTATION AND NATURE OF OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SCHEDULE OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

	For the twelve months ended December 31, 2022
	As reported		Adjustment			As adjusted
Cost of revenues	$	49,507,888	$	3,613,788		$	53,121,676
Gross profit		24,936,253		(3,613,788	)		21,322,465
General and administrative		22,327,746		(3,613,788	)		18,713,958

	For the three months ended March 31, 2023
	As reported		Adjustment			As adjusted
Cost of revenues	$	9,816,397	$	1,044,540		$	10,860,937
Gross profit		3,642,091		(1,044,540	)		2,597,551
General and administrative		5,570,291		(1,044,540	)		4,525,751

SCHEDULE OF SUBSIDIARIES INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS

The consolidated financial statements include the accounts of Snail, Inc. and the following subsidiaries:

	Equity %
Subsidiary Name	Owned
Snail Games USA Inc.		100	%
Snail Innovation Institute		70	%
Frostkeep Studios, Inc.		100	%
Eminence Corp		100	%
Wandering Wizard, LLC		100	%
Donkey Crew, LLC		99	%
Interactive Films, LLC		100	%
Project AWK Productions, LLC		100	%
BTBX.IO, LLC		70	%

SCHEDULE OF EARNINGS PER SHARE (Details) - USD ($)

3 Months Ended

12 Months Ended

Sep. 30, 2023

Sep. 30, 2022

Dec. 31, 2023

Dec. 31, 2022

Basic Earnings (Loss) Per Share:

Total net (loss) income attributable to Snail Inc and Snail Games USA Inc.

$ (9,086,075)

$ 947,807

$ (9,086,075)

$ 947,807

Class A and B basic (loss) earnings per share

$ (0.25)

$ 0.03

Diluted Earnings (Loss) Per Share:

Diluted (loss) earnings per Class A and B share

$ (0.25)

$ 0.03

Common Class A [Member]

Basic Earnings (Loss) Per Share:

Net (loss) income attributable to common stockholders

$ (1,960,813)

$ 228,482

$ (1,960,813)

$ 228,482

weighted average shares outstanding - basic

7,911,369

9,131,512

7,911,369

^[1]

9,131,512

^[1]

Class A and B basic (loss) earnings per share

$ (0.25)

$ 0.03

Diluted Earnings (Loss) Per Share:

Net (loss) attributable to common stockholders

$ (1,960,813)

$ 228,482

$ (1,960,813)

$ 228,482

Dilutive effects of common stock equivalents

weighted average shares outstanding - diluted

7,911,369

9,131,512

7,911,369

^[1]

9,131,512

^[1]

Diluted (loss) earnings per Class A and B share

$ (0.25)

$ 0.03

Common Class B [Member]

Basic Earnings (Loss) Per Share:

Net (loss) income attributable to common stockholders

$ (7,125,262)

$ 719,325

$ (7,125,262)

$ 719,325

weighted average shares outstanding - basic

28,748,580

^[1]

28,748,580

^[1]

Class A and B basic (loss) earnings per share

$ (0.25)

$ 0.03

Diluted Earnings (Loss) Per Share:

Net (loss) attributable to common stockholders

$ (7,125,262)

$ 719,325

$ (7,125,262)

$ 719,325

Dilutive effects of common stock equivalents

weighted average shares outstanding - diluted

28,748,580

^[1]

28,748,580

^[1]

Diluted (loss) earnings per Class A and B share

$ (0.25)

$ 0.03

[1]	The shares used for the denominator in the calculation of EPS are presented as if the IPO occurred on January 1, 2022 for comparative purposes.

REVOLVING LOAN, SHORT TERM NOTES AND LONG - TERM DEBT

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

REVOLVING LOAN, SHORT TERM NOTES AND LONG - TERM DEBT

NOTE 15 – REVOLVING LOAN, SHORT TERM NOTES AND LONG - TERM DEBT

SCHEDULE OF LONG TERM DEBT

	December 31, 2023		December 31, 2022
2021 Revolving Loan - On June 21, 2023, the Company amended its revolving loan agreement (“amended revolver”) and decreased the maximum balance from $9,000,000 to $6,000,000. The amended revolver matures on December 31, 2024 and has an annual interest rate equal to the prime rate less 0.25%. At December 31, 2023, the interest rate on this loan was 8.25%. The revolver was secured by certificate of deposit accounts held with the financial institution in the amount of $5,262,627 at December 31, 2022, and that were released in accordance with the 2023 amendment. Debt covenants of this loan require the Company to maintain a minimum debt service coverage ratio of at least 1.5 to 1. The Company was not in compliance with the debt service coverage ratio for the twelve month period ended December 31, 2023 and received a waiver from the lender for the year ended December 31, 2023.	$	6,000,000	$	9,000,000
2021 Promissory Note - On June 17, 2021, the Company amended its loan agreement to reduce the principal amount with financial institution for 10 years, annual interest rate of 3.5% for the first 5 years, and then floating at Wall Street Journal rate from years 6 to 10, the loan is secured by the Company’s building, with a carrying value of $4.2 million, a market value of $5.3 million, and matures on June 30, 2031. The note is subject to a prepayment penalty. Debt covenants of this loan require the Company to maintain a minimum debt service coverage ratio of at least 1.5 to 1. The Company was not in compliance with the debt service coverage ratio for the twelve month period ended December 31, 2023 and received a waiver from the lender for the year ended December 31, 2023.		2,811,923		2,891,820
2022 Short Term Note - On January 26, 2022, the Company amended its revolving loan and long-term debt agreements to obtain an additional note with a principal balance of $10,000,000 which was originally set to mature on January 26, 2023. Interest shall be equal to the higher of 3.75% or the Wall Street Journal Prime Rate plus 0.50%. The loan is secured by the Company’s assets. In the event of a default, all outstanding amounts under the note will bear interest at a default rate equal to 5% over the note rate. Debt covenants of this loan require the Company to maintain a minimum debt service coverage ratio of at least 1.5 to 1 and will be measured quarterly. The Company was not in compliance with the debt service coverage ratio for the twelve month period ended December 31, 2023 and received a waiver from the lender for the year. In November 2022, the maturity was extended to January 26, 2024 and the interest rate amended to the higher of the Wall Street Journal Prime Rate less 0.25%, or 5.75%. At December 31, 2023, the interest rate on this loan was 8.25%.		833,333		5,833,333
2023 Convertible Notes – On August 24, 2023, the Company issued convertible notes at a 7.4% discount and a principal balance of $1,080,000. The notes have an interest rate of 7.5%, will be paid in consecutive monthly installments beginning February 24, 2024 and will mature on May 24, 2024. In the event of a default the interest rate will be increased to the lower of 16% per annum or the highest amount permitted by applicable law. The Company has the option to prepay the notes at any time and the note holders have the option to convert the notes, in whole or in part, at any time. The Company recognized a discount of $678,254 on the notes to account for the stated discount, the fair value of the warrants issued in connection with the notes and the costs of issuance. The discount is amortized using the effective interest rate of 109.7%.		797,361		-
2023 Note Payable – In July 2023, the Company entered into a cooperation agreement with its internet, server and datacenter vendor. The Company agreed to make the vendor the official server host of Ark: Survival Evolved and future iterations and sequels of the game for a period of 7 years. In return the vendor has agreed to provide the Company with funds in cash of up to $3.0 million without discount and free of charges and costs to the Company. The Company drew on the full $3.0 million during the year ended December 31, 2023. The funds are repaid in monthly installments starting in November 2023 and are to be based on 20% of the gross monthly ARK: Survival Ascended revenues. The Company has imputed interest at 8.0% on draws made. If in default, the interest rate is levied on the outstanding balances at a rate of 12.0% per annum.		1,500,000		-
Total debt of $12,225,256, net of a discount of $282,639 at December 31, 2023		11,942,617		17,725,153
Total debt		11,942,617		17,725,153
Less: current portion of promissory note		2,811,923		86,524
Less: revolving loan		6,000,000		9,000,000
Less: notes payable		2,333,333		5,416,666
Less: convertible notes, net of discount		797,361		-
Total long-term debt	$	-	$	3,221,963

Total interest expense for the above debt and revolver loan amounted to $1,485,241 and $895,761 for the years ended December 31, 2023 and 2022, respectively. Accretion of the convertible notes and amortization of loan origination expenses and loan discounts of $462,284 and $26,514 are included as part of interest expense for the years ended December 31, 2023 and 2022, respectively. As a result of the amendment to the revolving loan on June 21, 2023, the Company recognized $2,903 as additional amortization of loan origination expenses during the year ended December 31, 2023. The Company has a weighted average interest rate of 8.1% and 6.9% on its short-term obligations as of December 31, 2023 and 2022, respectively. The Company’s average dollar amount of short-term obligations during the years ended December 31, 2023 and 2022, were $12,002,949 and $11,898,434, respectively. Average interest and amortization of debt discounts and issuance costs over the two years presented, on the short term obligations, was $959,359 and $244,399, respectively. The Company is in compliance with, or received waivers for, its debt covenant requirement of maintaining a 1.5 to 1 ratio of trailing twelve month EBITDA to the previous twelve months principal and interest payments on all debt maintained with the lender, as of December 31, 2023 and 2022.

Snail Inc. and Subsidiaries

Notes to Consolidated Financial Statements

The following table provides future minimum payments of its long-term debt as of December 31:

Years ending December 31,	Amount
2024	$	9,502,708
2025		86,013
2026		89,115
2027		92,329
2028		95,414
Thereafter		2,359,677
Long term debt	$	12,225,256

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//470/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

+ Details

LOAN PAYABLE AND INTEREST PAYABLE — RELATED PARTIES

12 Months Ended

Dec. 31, 2023

Loan Payable And Interest Payable Related Parties

LOAN PAYABLE AND INTEREST PAYABLE — RELATED PARTIES

NOTE 14 – LOAN PAYABLE AND INTEREST PAYABLE — RELATED PARTIES

The Company had a loan amount due to related parties of $400,000 bearing 2.0% per annum interest. $300,000 of the loan is from a wholly owned subsidiary of Suzhou Snail and due in June 2022, and $100,000 is from Suzhou Snail and was due in December 2023. The $100,000 loan along with $3,890 interest payable to Suzhou Snail was offset by the loan receivable Suzhou Snail assumed in February 2022. Please refer to Note 13 — Loan and Interest Receivable — Related Party. In July 2022, the Company paid off the outstanding principal balance of $300,000.

Snail Inc. and Subsidiaries

Notes to Consolidated Financial Statements

As of December 31, 2023 and 2022, the total loan payable — related parties amounted to $0 and total unpaid interest amounted to $527,770, as of December 31, 2023 and 2022. Interest expense for the loans payable to related parties were $0 and $3,222 during the years ended December 31, 2023 and 2022, respectively.

SCHEDULE OF CONVERTIBLE NOTES (Details) - Convertible Debt [Member] - USD ($)	Dec. 31, 2023	Aug. 31, 2023
Debt Instrument [Line Items]
Principal Amount	$ 860,910	$ 1,080,000
Unamortized debt discount and issuance costs	(63,549)
Net carrying amount	797,361
Fair value amount	$ 536,170

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482900/835-30-50-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(f))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69C
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69C

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69E
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69E

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69F
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69F

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

+ Details

SCHEDULE OF LONG TERM DEBT (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Short-Term Debt [Line Items]
Total debt	$ 11,942,617	$ 17,725,153
Less: current portion of promissory note	2,811,923	86,524
Less: revolving loan	6,000,000	9,000,000
Less: notes payable	2,333,333	5,416,666
Less: convertible notes, net of discount	797,361
Total long-term debt		3,221,963
Revolving Credit Facility [Member]
Short-Term Debt [Line Items]
Total debt	6,000,000	9,000,000
Promissory Note Two Thousand Twenty One [Member]
Short-Term Debt [Line Items]
Total debt	2,811,923	2,891,820
Short-Term Debt [Member]
Short-Term Debt [Line Items]
Total debt	833,333	5,833,333
Less: notes payable	800,000
Convertible Notes Payable [Member]
Short-Term Debt [Line Items]
Total debt	797,361
Notes Payable, Other Payables [Member]
Short-Term Debt [Line Items]
Total debt	$ 1,500,000

LOAN AND INTEREST RECEIVABLE — RELATED PARTY (Details Narrative) - USD ($)	1 Months Ended		12 Months Ended
	Feb. 28, 2022	Feb. 28, 2021	Dec. 31, 2023	Dec. 31, 2022
Subsidiary of Suzhou Snail [Member]
Defined Benefit Plan Disclosure [Line Items]
Loan to related party		$ 200,000
Loan to related party	2.00%
Suzhou Snail [Member]
Defined Benefit Plan Disclosure [Line Items]
Amount of loan and interest receivable offset	$ 103,890
Suzhou Snail [Member] \| Snail Digital Technology Co. Ltd. [Member]
Defined Benefit Plan Disclosure [Line Items]
Loan amount and interest assumed	$ 203,890
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Loan and interest receivable - related party			$ 103,753	$ 101,753
Interest income earned			$ 2,000	$ 1,753

SCHEDULE OF INCOME TAX (BENEFIT) PROVISION (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
U.S. federal	$ 112,344	$ (499,784)
U.S. State	82,595	(2,535,117)
Foreign	49,373
Total current income taxes	244,312	(3,034,901)
U.S. federal	(2,577,737)	602,102
U.S. State	(67,227)	(11,686)
Foreign		(1,938)
Total deferred income taxes	(2,644,964)	588,478
Income tax benefit	$ (2,400,652)	$ (2,446,423)

SCHEDULE OF ACCOUNTS PAYABLE- RELATED PARTIES (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Suzhou [Member]
Defined Benefit Plan Disclosure [Line Items]
Accounts payable - SDE	$ 55,762,870	$ 57,533,171
Less: accounts receivable - Suzhou	(37,614,912)	(37,614,912)
SDE [Member]
Defined Benefit Plan Disclosure [Line Items]
Accounts payable - SDE	4,946,478
Total accounts payable – related parties	10,946,478	2,175,225
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Accounts payable - SDE	23,094,436	19,918,259
Less: accounts receivable - Suzhou	(13,500,592)	(13,519,409)
Total accounts payable – related parties	$ 23,094,436	$ 19,918,259

Cover - USD ($)	12 Months Ended
Cover - USD ($)	Dec. 31, 2023	Mar. 27, 2024	Jun. 30, 2023
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	001-41556
Entity Registrant Name	SNAIL, INC.
Entity Central Index Key	0001886894
Entity Tax Identification Number	88-4146991
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	12049 Jefferson Blvd
Entity Address, City or Town	Culver City
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90230
City Area Code	(310)
Local Phone Number	988-0643
Title of 12(b) Security	Class A common stock, par value $0.0001 per share
Trading Symbol	SNAL
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Public Float			$ 12,562,821
Documents Incorporated by Reference [Text Block]	Part III of this Annual Report on Form 10-K incorporates certain information by reference from the definitive proxy statement for the Registrant’s 2024 Annual Meeting of Stockholders to be filed within 120 days of the Registrant’s fiscal year ended December 31, 2023 (the “Proxy Statement”). Except with respect to information specifically incorporated by reference in this Form 10-K, the Proxy Statement is not deemed to be filed as part of this Form 10-K
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	true
Document Financial Statement Restatement Recovery Analysis [Flag]	false
Auditor Firm ID	243
Auditor Name	BDO USA, P.C.
Auditor Location	Costa Mesa, California
Common Class A [Member]
Entity Common Stock, Shares Outstanding		8,007,474
Common Class B [Member]
Entity Common Stock, Shares Outstanding		28,748,580

REVOLVING LOAN, SHORT TERM NOTES AND LONG - TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

SCHEDULE OF LONG TERM DEBT

	December 31, 2023		December 31, 2022
2021 Revolving Loan - On June 21, 2023, the Company amended its revolving loan agreement (“amended revolver”) and decreased the maximum balance from $9,000,000 to $6,000,000. The amended revolver matures on December 31, 2024 and has an annual interest rate equal to the prime rate less 0.25%. At December 31, 2023, the interest rate on this loan was 8.25%. The revolver was secured by certificate of deposit accounts held with the financial institution in the amount of $5,262,627 at December 31, 2022, and that were released in accordance with the 2023 amendment. Debt covenants of this loan require the Company to maintain a minimum debt service coverage ratio of at least 1.5 to 1. The Company was not in compliance with the debt service coverage ratio for the twelve month period ended December 31, 2023 and received a waiver from the lender for the year ended December 31, 2023.	$	6,000,000	$	9,000,000
2021 Promissory Note - On June 17, 2021, the Company amended its loan agreement to reduce the principal amount with financial institution for 10 years, annual interest rate of 3.5% for the first 5 years, and then floating at Wall Street Journal rate from years 6 to 10, the loan is secured by the Company’s building, with a carrying value of $4.2 million, a market value of $5.3 million, and matures on June 30, 2031. The note is subject to a prepayment penalty. Debt covenants of this loan require the Company to maintain a minimum debt service coverage ratio of at least 1.5 to 1. The Company was not in compliance with the debt service coverage ratio for the twelve month period ended December 31, 2023 and received a waiver from the lender for the year ended December 31, 2023.		2,811,923		2,891,820
2022 Short Term Note - On January 26, 2022, the Company amended its revolving loan and long-term debt agreements to obtain an additional note with a principal balance of $10,000,000 which was originally set to mature on January 26, 2023. Interest shall be equal to the higher of 3.75% or the Wall Street Journal Prime Rate plus 0.50%. The loan is secured by the Company’s assets. In the event of a default, all outstanding amounts under the note will bear interest at a default rate equal to 5% over the note rate. Debt covenants of this loan require the Company to maintain a minimum debt service coverage ratio of at least 1.5 to 1 and will be measured quarterly. The Company was not in compliance with the debt service coverage ratio for the twelve month period ended December 31, 2023 and received a waiver from the lender for the year. In November 2022, the maturity was extended to January 26, 2024 and the interest rate amended to the higher of the Wall Street Journal Prime Rate less 0.25%, or 5.75%. At December 31, 2023, the interest rate on this loan was 8.25%.		833,333		5,833,333
2023 Convertible Notes – On August 24, 2023, the Company issued convertible notes at a 7.4% discount and a principal balance of $1,080,000. The notes have an interest rate of 7.5%, will be paid in consecutive monthly installments beginning February 24, 2024 and will mature on May 24, 2024. In the event of a default the interest rate will be increased to the lower of 16% per annum or the highest amount permitted by applicable law. The Company has the option to prepay the notes at any time and the note holders have the option to convert the notes, in whole or in part, at any time. The Company recognized a discount of $678,254 on the notes to account for the stated discount, the fair value of the warrants issued in connection with the notes and the costs of issuance. The discount is amortized using the effective interest rate of 109.7%.		797,361		-
2023 Note Payable – In July 2023, the Company entered into a cooperation agreement with its internet, server and datacenter vendor. The Company agreed to make the vendor the official server host of Ark: Survival Evolved and future iterations and sequels of the game for a period of 7 years. In return the vendor has agreed to provide the Company with funds in cash of up to $3.0 million without discount and free of charges and costs to the Company. The Company drew on the full $3.0 million during the year ended December 31, 2023. The funds are repaid in monthly installments starting in November 2023 and are to be based on 20% of the gross monthly ARK: Survival Ascended revenues. The Company has imputed interest at 8.0% on draws made. If in default, the interest rate is levied on the outstanding balances at a rate of 12.0% per annum.		1,500,000		-
Total debt of $12,225,256, net of a discount of $282,639 at December 31, 2023		11,942,617		17,725,153
Total debt		11,942,617		17,725,153
Less: current portion of promissory note		2,811,923		86,524
Less: revolving loan		6,000,000		9,000,000
Less: notes payable		2,333,333		5,416,666
Less: convertible notes, net of discount		797,361		-
Total long-term debt	$	-	$	3,221,963

SCHEDULE OF FUTURE MINIMUM PAYMENTS OF LONG TERM DEBT

The following table provides future minimum payments of its long-term debt as of December 31:

Years ending December 31,	Amount
2024	$	9,502,708
2025		86,013
2026		89,115
2027		92,329
2028		95,414
Thereafter		2,359,677
Long term debt	$	12,225,256

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69E
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69E

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482925/835-30-45-2

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482925/835-30-45-1A

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-3

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482949/835-30-55-8

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480848/942-470-50-3

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-8

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-6

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-7

+ Details

Consolidated Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Accounts receivable, allowance for credit loss, current	$ 523,500	$ 19,929
Treasury stock, shares	1,350,275	1,197,649
Common Class A [Member]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	9,275,420	9,251,420
Common stock, shares outstanding	7,925,145	8,053,771
Treasury stock, shares	1,350,275	1,197,649
Common Class B [Member]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	28,748,580	28,748,580
Common stock, shares outstanding	28,748,580	28,748,580

SCHEDULE OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Cost of revenues	$ 10,860,937		$ 53,121,676
Gross profit	2,597,551	$ 12,595,695	21,322,465
General and administrative	4,525,751	15,816,088	18,713,958
General and administrative	(4,525,751)	$ (15,816,088)	(18,713,958)
Previously Reported [Member]
Cost of revenues	9,816,397		49,507,888
Gross profit	3,642,091		24,936,253
General and administrative	5,570,291		22,327,746
General and administrative	(5,570,291)		(22,327,746)
Revision of Prior Period, Adjustment [Member]
Cost of revenues	1,044,540		3,613,788
Gross profit	(1,044,540)		(3,613,788)
General and administrative	1,044,540		3,613,788
General and administrative	$ (1,044,540)		$ (3,613,788)

- Definition

The aggregate cost of goods produced and sold and services rendered during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481687/323-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-28

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 14: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

+ Details

- Definition

Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481687/323-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-28

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 19: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1,2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

+ Details

Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Defined Benefit Plan Disclosure [Line Items]

Revenues, net

$ 60,902,098

$ 74,444,141

Cost of revenues

48,306,403

53,121,676

Gross profit

12,595,695

21,322,465

Operating expenses:

General and administrative

15,816,088

18,713,958

Research and development

5,057,421

2,955,592

Advertising and marketing

1,582,464

714,492

Depreciation and amortization

432,306

565,906

Loss (gain) on disposal of fixed assets

427

(17,067)

Total operating expenses

22,888,706

22,932,881

Loss from operations

(10,293,011)

(1,610,416)

Other income (expense):

Interest expense

(1,500,000)

Other income

265,980

302,086

Foreign currency transaction loss

(68,180)

(1,945)

Total other income (expense), net

(1,202,065)

158,171

Loss before benefit from income taxes

(11,495,076)

(1,452,245)

Benefit from income taxes

(2,400,652)

(2,446,423)

Net (loss) income

(9,094,424)

994,178

Net (loss) income attributable to non-controlling interests

(8,349)

46,371

Net (loss) income attributable to Snail, Inc. and Snail Games USA Inc.

(9,086,075)

947,807

Comprehensive income (loss) statement:

Net (loss) income

(9,094,424)

994,178

Other comprehensive income (loss) related to foreign currency translation adjustments, net of tax

52,817

(40,643)

Total comprehensive (loss) income

(9,041,607)

953,535

Common Class A [Member]

Net (loss) income attributable to Class A common stockholders:

Net (loss) income attributable to common stockholders - basic

(1,960,813)

228,482

Net (loss) income attributable to common stockholders - diluted

$ (1,960,813)

$ 228,482

Common stock earnings par share - basic

$ (0.25)

$ 0.03

Common stock earnings par share - diluted

$ (0.25)

$ 0.03

Weighted average shares used to compute income per share attributable to common stockholders - basic

^[1]

7,911,369

9,131,512

Weighted average shares used to compute income per share attributable to common stockholders - diluted

^[1]

7,911,369

9,131,512

Common Class B [Member]

Net (loss) income attributable to Class A common stockholders:

Net (loss) income attributable to common stockholders - basic

$ (7,125,262)

$ 719,325

Net (loss) income attributable to common stockholders - diluted

$ (7,125,262)

$ 719,325

Common stock earnings par share - basic

$ (0.25)

$ 0.03

Common stock earnings par share - diluted

$ (0.25)

$ 0.03

Weighted average shares used to compute income per share attributable to common stockholders - basic

^[1]

28,748,580

Weighted average shares used to compute income per share attributable to common stockholders - diluted

^[1]

28,748,580

Nonrelated Party [Member]

Other income (expense):

Interest income

$ 129,854

$ 200,913

Interest expense

(1,531,719)

(922,293)

Related Party [Member]

Other income (expense):

Interest income

2,000

582,632

Interest expense

$ (3,222)

[1]	The shares used for the denominator in the calculation of EPS are presented as if the IPO occurred on January 1, 2022 for comparative purposes.

SCHEDULE OF LONG TERM DEBT (Details) (Parenthetical) - USD ($)					1 Months Ended		12 Months Ended
	Aug. 24, 2023	Jun. 21, 2023	Jan. 26, 2022	Jun. 17, 2021	Jul. 31, 2023	Nov. 30, 2022	Dec. 31, 2023
Debt Instrument [Line Items]
Interest rate							8.25%
Long term debt							$ 12,225,256
Long term debt discount							$ 282,639
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Expiration Date		Dec. 31, 2024
Interest rate							8.25%
Minimum Requirement of Debt Service Coverage Ratio as Covenant							1.5 to 1
Revolving Credit Facility [Member] \| Prime Rate [Member]
Debt Instrument [Line Items]
Annual interest rate		0.25%
Revolving Credit Facility [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$ 9,000,000
Revolving Credit Facility [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$ 6,000,000
Proceeds from time deposits accepted							$ 5,262,627
Promissory Note Two Thousand Twenty One [Member]
Debt Instrument [Line Items]
Minimum Requirement of Debt Service Coverage Ratio as Covenant				1.5 to 1
Debt Instrument, Interest Rate, Stated Percentage, Period				10 years
Carrying value				$ 4,200,000
Market value				$ 5,300,000
Debt Instrument, Maturity Date				Jun. 30, 2031
Promissory Note Two Thousand Twenty One [Member] \| For the First Five Years [Member]
Debt Instrument [Line Items]
Interest rate				3.50%
Debt Instrument, Interest Rate, Stated Percentage, Period				5 years
Debt Instrument, Description of Variable Rate Basis				6 to 10
Short-Term Debt [Member]
Debt Instrument [Line Items]
Interest rate						5.75%
Minimum Requirement of Debt Service Coverage Ratio as Covenant			1.5 to 1
Debt Instrument, Maturity Date			Jan. 26, 2023
Payments for Loans			$ 10,000,000
Debt Instrument, Basis Spread on Variable Rate			3.75%
Debt Instrument, Default Interest Rate			5.00%
Short-Term Debt [Member] \| Wall Street Journal Prime Rate [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			0.50%			0.25%
Convertible Notes Payable [Member]
Debt Instrument [Line Items]
Interest rate	7.50%
Convertible note discount rate	7.40%
Convertible Notes Payable	$ 1,080,000
Debt Instrument, Maturity Date Range, Start	Feb. 24, 2024
Debt Instrument, Maturity Date Range, End	May 24, 2024
Debt Instrument, Interest Rate, Increase (Decrease)	16.00%
Debt Instrument, Unamortized Discount, Current	$ 678,254
Debt Instrument, Interest Rate, Effective Percentage	109.70%
Notes Payable, Other Payables [Member]
Debt Instrument [Line Items]
Interest rate					8.00%
Debt Instrument, Term					7 years
Cash					$ 3,000,000.0
Short-term debt, refinanced, amount							$ 3,000,000.0
Debt Instrument, Frequency of Fee					The funds are repaid in monthly installments starting in November 2023 and are to be based on 20% of the gross monthly ARK: Survival Ascended revenues.
Short-Term Debt, Interest Rate Increase					12.00%

SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO OPERATING LEASES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Operating Lease Right-of-use Assets
Cash paid for amounts included in the measurement of lease liabilities	$ 1,548,889	$ 1,489,396
Weighted average remaining lease term	1 year 10 months 24 days	2 years 10 months 24 days
Weighted average discount rate	5.00%	5.00%

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)			1 Months Ended	3 Months Ended	12 Months Ended
	Aug. 24, 2023	Nov. 09, 2022	Nov. 30, 2021	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2020	Jul. 31, 2023	Nov. 10, 2022
Product Information [Line Items]
Contract with customer, liability, revenue recognized					$ 500,000
Deferred revenue - long term					15,064,078	$ 5,216,042
Deferred revenue					19,252,628	4,335,404
General and administrative expense				$ 4,525,751	15,816,088	18,713,958
Advertising expense					1,582,464	714,492
Research and development expense					5,057,421	2,955,592
Stock based compensation					48,080	0
Liabilities for uncertain tax positions					254,731	457,024
Deposits not insured by FDIC					14,716,652	17,929,308
Employer contributions to the plan					88,756	65,908
Stock based compensation					$ 848,035	$ 223,250
Convertible debt shares	714,285
Warrant [Member]
Product Information [Line Items]
Number of shares issued	367,647
Common Class B [Member]
Product Information [Line Items]
Number of shares issued		28,748,580
Common Class A [Member]
Product Information [Line Items]
Number of warrants issued to purchase common stock					120,000
Number of shares issued		6,251,420
Shares remain available for repurchase					$ 1,300,000
Omnibus Incentive Plan (2022 Plan) [Member]
Product Information [Line Items]
Number of shares available for issuance					5,718,000
Omnibus Incentive Plan (2022 Plan) [Member] \| Common Class B [Member]
Product Information [Line Items]
Annual increase in shares reserve for issuance (as a percent)					1.00%
Share Repurchase Program [Member]
Product Information [Line Items]
Number of treasury stock sold					0	0
Share Repurchase Program [Member] \| Common Class A [Member]
Product Information [Line Items]
Shares authorized to repurchase									$ 5,000,000
Number of shares repurchased					1,350,275
Aggregate purchase price of shares repurchased					$ 3,700,000
Average price paid per share for repurchase of shares					$ 2.72
Shares remain available for repurchase					$ 1,300,000
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Customers [Member]
Product Information [Line Items]
Concentration percentage					95.00%	57.00%
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| One Customer [Member]
Product Information [Line Items]
Concentration percentage					43.00%	29.00%
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Two Customers [Member]
Product Information [Line Items]
Concentration percentage					20.00%	28.00%
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Three Customers [Member]
Product Information [Line Items]
Concentration percentage					16.00%
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Four Customers [Member]
Product Information [Line Items]
Concentration percentage					16.00%
Revenue Benchmark [Member] \| Customer Concentration Risk [Member] \| Customers [Member]
Product Information [Line Items]
Concentration percentage					80.00%	54.00%
Revenue Benchmark [Member] \| Customer Concentration Risk [Member] \| One Customer [Member]
Product Information [Line Items]
Concentration percentage					42.00%	30.00%
Revenue Benchmark [Member] \| Customer Concentration Risk [Member] \| Two Customer [Member]
Product Information [Line Items]
Concentration percentage					18.00%	23.00%
Revenue Benchmark [Member] \| Customer Concentration Risk [Member] \| Three Customer [Member]
Product Information [Line Items]
Concentration percentage					11.00%	12.00%
Accounts Payable [Member] \| Supplier Concentration Risk [Member] \| Vendors [Member]
Product Information [Line Items]
Concentration percentage					69.00%
Accounts Payable [Member] \| Supplier Concentration Risk [Member] \| One Vendor [Member]
Product Information [Line Items]
Concentration percentage						43.00%
Accounts Payable [Member] \| Supplier Concentration Risk [Member] \| Two Vendors [Member]
Product Information [Line Items]
Concentration percentage						12.00%
Combined Gross Cost Of Revenues And Operating Expenses [Member] \| Supplier Concentration Risk [Member] \| Major Vendors [Member]
Product Information [Line Items]
Concentration percentage					51.00%	47.00%
Promissory Note [Member] \| Wall Street Journal Prime Rate [Member]
Product Information [Line Items]
Debt instrument interest rate stated percentage period					5 years
Floating prime rate					0.50%
General and Administrative Expense [Member]
Product Information [Line Items]
Allocated share based compensation expense					$ 799,955	$ 223,250
Survival Ascended [Member]
Product Information [Line Items]
Deferred revenue								$ 500,000
ARK II [Member]
Product Information [Line Items]
Deferred revenue - long term								$ 1,300,000
Related Party [Member]
Product Information [Line Items]
Allowance for credit losses						11,344,184
INDIEV Inc [Member]
Product Information [Line Items]
Allowance for credit losses					$ 77,928
ARK Survival Evolved [Member] \| Long Term Title License Agreement With Platform [Member]
Product Information [Line Items]
Contract with customer, liability, revenue recognized						2,500,000
ARK Survival Evolved [Member] \| Agreement With Platform [Member]
Product Information [Line Items]
Proceeds from agreement with customers			$ 3,500,000
ARK Survival Evolved [Member] \| Non Exclusive License Agreement With Platform [Member]
Product Information [Line Items]
Contract with customer, liability, revenue recognized						4,000,000.0	$ 4,000,000.0
Proceeds from agreement with customers			$ 8,000,000.0
ARK II [Member] \| Long Term Title License Agreement With Platform [Member]
Product Information [Line Items]
Deferred revenue - long term						$ 2,300,000
Minimum [Member]
Product Information [Line Items]
Typical customer terms					30 days
Minimum [Member] \| Omnibus Incentive Plan (2022 Plan) [Member]
Product Information [Line Items]
Number of shares available for issuance					4,485,275
Minimum [Member] \| Related Party [Member]
Product Information [Line Items]
Allowance for credit losses					$ 19,929
Maximum [Member]
Product Information [Line Items]
Typical customer terms					75 days
Maximum [Member] \| Related Party [Member]
Product Information [Line Items]
Allowance for credit losses					$ 523,500

LOAN PAYABLE AND INTEREST PAYABLE — RELATED PARTIES (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Jul. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Feb. 28, 2022
Related Party Transaction [Line Items]
Interest Expense		$ 1,500,000
Related Party [Member]
Related Party Transaction [Line Items]
Loan payable - related parties			$ 527,770
Interest Expense			3,222
Loan From Related Party [Member]
Related Party Transaction [Line Items]
Interest rate per annum		2.00%
Loan From Related Party [Member] \| Related Party [Member]
Related Party Transaction [Line Items]
Loan payable - related parties		$ 400,000
Loan From Related Party Due In June 2022 [Member] \| Wholly Owned Subsidiary of Snail Digital Technology Co. Ltd. [Member]
Related Party Transaction [Line Items]
Loan payable - related parties		$ 300,000
Payment of related party debt	$ 300,000
Loan From Related Party Due In December 2023 [Member] \| Snail Digital Technology Co. Ltd. [Member]
Related Party Transaction [Line Items]
Loan payable - related parties			$ 100,000
Loans payable offset against receivable, related party				$ 100,000
Loans payable offset against receivable				$ 3,890

DUE FROM SHAREHOLDER

12 Months Ended

Dec. 31, 2023

Due From Shareholder

DUE FROM SHAREHOLDER

NOTE 6 – DUE FROM SHAREHOLDER

Other receivables from related party consisted of monies that the Company loaned to the Company’s Founder, Chief Strategy Officer and Chairman, who is also the majority shareholder of Suzhou Snail. The loan bore 2.0% per annum interest. On April 26, 2022, the Company, with approval from its Board of Directors and in accordance with applicable laws and regulations, assigned the other receivables – related party (the “Shareholder Loan”) of $94,934,400 outstanding including interest, to Suzhou Snail, which assumed the loan as creditor. Simultaneously, the Company declared and paid Suzhou Snail an in-kind dividend with an aggregate amount equal to $94,934,400 on April 26, 2022; see Note 7 – Dividend Distribution. As of December 31, 2022, the other receivable was $0 and no longer reflected on the Company’s consolidated balance sheets. The loan did not accrue interest during the year ended December 31, 2023. The loan accrued interest of $580,878 during the year ended December 31, 2022. The earned interest is reported in interest income – related parties in the Company’s consolidated statements of operations and comprehensive income (loss).

SCHEDULE OF DEFERRED REVENUE (Details) - USD ($)	12 Months Ended
SCHEDULE OF DEFERRED REVENUE (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Deferred revenue, beginning balance in advance of revenue recognition billing	$ 9,551,446	$ 20,280,934
Revenue recognized	(6,437,618)	(18,832,396)
Revenue deferred	31,202,878	8,102,908
Deferred revenue, ending balance	34,316,706	9,551,446
Less short term portion	(19,252,628)	(4,335,404)
Deferred revenue, long term	$ 15,064,078	$ 5,216,042

SCHEDULE OF FUTURE AMORTIZATION EXPENSE OF INTANGIBLE ASSETS (Details)	Dec. 31, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 804
2025	27
2026
2027
2028
Thereafter	270,886
Total	$ 271,717

SCHEDULE OF FUTURE UNDISCOUNTED LEASE PAYMENTS FOR OPERATING LEASES AND RECONCILIATION OF THESE PAYMENTS TO OUR OPERATING LEASE LIABILITIES (Details)	Dec. 31, 2023 USD ($)
Operating Lease Right-of-use Assets
2024, Future lease payments.	$ 1,610,844
2024, Imputed Interest	105,810
2024, Lease Liabilities	1,505,034
2025, Future lease payments	1,453,784
2025, Imputed Interest	28,290
2025, Lease Liabilities	1,425,494
2026, Future lease payments
2026, Imputed Interest
2026, Lease Liabilities
Thereafter, Future lease payments
Thereafter, Imputed Interest
Thereafter, Lease Liabilities
Total future lease payments	3,064,628
Total Imputed Interest	134,100
Total Lease Liabilities	$ 2,930,528

PROPERTY, PLANT AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT, NET

NOTE 10 – PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net consisted of the following as of December 31, 2023 and 2022:

	2023			2022
Building	$	1,874,049		$	1,874,049
Land		2,700,000			2,700,000
Building improvements		1,010,218			1,010,218
Leasehold improvements		1,537,775			1,537,775
Autos and trucks		178,695			178,695
Computer and equipment		1,809,214			1,821,819
Furniture and fixtures		411,801			411,801
Property, plant and equipment, gross		9,521,752			9,534,357
Accumulated depreciation		(4,839,686	)		(4,419,558	)
Property, plant and equipment, net	$	4,682,066		$	5,114,799

Depreciation and amortization expense was $432,306 and $565,906 for the years ended December 31, 2023 and 2022, respectively. During the year ended December 31, 2023, the Company disposed of $12,605 in computer equipment with an accumulated depreciation of $12,178. The total loss resulting from the disposal of the assets amounted to $427 for the year ended December 31, 2023. During the year ended December 31, 2022, the Company disposed of $99,811 in computer equipment with an accumulated depreciation of $97,421; and sold a vehicle for $19,500 that was purchased for $88,398 and fully depreciated at the time of sale. The total gain resulting from the disposal of the assets amounted to $17,067 for the year ended December 31, 2022. The Company’s subsidiary, Donkey Crew, LLC, held property, plant and equipment, net outside of the United States in the amount of $3,045 and $13,569, as of December 31, 2023 and 2022, respectively.

ACCOUNTS RECEIVABLE (PAYABLE) – RELATED PARTY (Details Narrative) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)
Immediate Family Member of Management or Principal Owner [Member]
Defined Benefit Plan Disclosure [Line Items]
Related party transaction ownership percentage	100.00%
Related Party Transaction, Amounts of Transaction	$ 0.5
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Accounts Receivable, Held-for-Sale	6.0
SDE [Member]
Defined Benefit Plan Disclosure [Line Items]
Payments for cash	$ 33.1

SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($)	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Prepaid Expenses And Other Current Assets
Prepaid income taxes		$ 9,529,755	$ 9,822,603
Deferred offering costs		105,411
Other prepaids		70,967	80,271
Other current assets		463,315	662,267
Total prepaid expenses and other current assets	$ 10,169,448	$ 10,169,448	$ 10,565,141

EQUITY

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

EQUITY

NOTE 20 – EQUITY

The Company has authorized two classes of common stock, Class A and Class B. The rights of the holders of both Class A and Class B common stock will be identical, except with respect to voting, conversion and transfer restrictions applicable to the Class B common stock. Each share of Class A common stock will be entitled to one vote. Each share of Class B common stock will be entitled to ten votes and will be convertible into one share of Class A common stock automatically upon transfer, subject to certain exceptions. Holders of Class A common stock and Class B common stock will vote together as a single class on all matters unless otherwise required by law.

On November 9, 2022, in connection with the IPO, the Company entered into an underwriting agreement (the “Underwriting Agreement” with the underwriters (the “Underwriters”), pursuant to which the Company agreed to issue and sell 3,000,000 shares of Class A common stock (the “Firm Shares”) at a purchase price of $4.675 per share to the Underwriters and granted the Underwriters an option (the “Over-Allotment Option”) to purchase up to 450,000 additional shares of Class A common stock (the “Option Shares”) at a purchase price of $4.675 per share. The Underwriters had the right to exercise the Over-Allotment Option at any time in whole, or from time to time in part, on or before the forty-fifth day following the effectiveness of the IPO. The Over-Allotment Option was not exercised by the Underwriters prior to its expiration.

In connection with the Underwriting Agreement, on November 9, 2022, the Company also issued to the Underwriters warrants to purchase such number of shares of the Company’s Class A common stock in an amount equal to four percent of the total number of shares of Class A common stock sold in the IPO, or 120,000 shares of Class A common stock (the “Underwriters Warrants”). The Underwriters Warrants may be exercised at a price per share equal to 125% of the IPO price, or $6.25 per share. The Underwriters Warrants are exercisable, in whole or in part, commencing on November 9, 2022, and expiring on the three-year anniversary thereof. The Underwriters Warrants have not been exercised as of the filing of this Annual Report.

Snail Inc. and Subsidiaries

Notes to Consolidated Financial Statements

The Underwriters Warrants and Over-Allotment Option are legally detachable and separately exercisable from each other and from the Firm Shares; therefore, they meet the definition of freestanding and are not considered embedded in the Firm Shares.

The Underwriters Warrants are considered indexed to the Company’s own stock. Additionally, the Company concludes that the Underwriters Warrants meet all requirements for equity classification. Because the Underwriters Warrants are issued to the Underwriters for their services and can be exercised immediately (subject to certain transfer conditions) they will be measured at their fair value on their date of issuance and recorded within stockholders’ equity. As long as the Underwriters Warrants remain classified as equity, they shall not be revalued. The fair value of the Underwriters Warrants was determined using the Black-Scholes model. The key assumptions used in the valuation were an average expected volatility of 53%, discount rate of 4.49% and remaining term of 3 years.

The Company allocates all the issuance costs to the firm shares as a reduction of proceeds.

Convertible Debt

In August 2023, pursuant to a securities purchase agreement (the “SPA”), the Company issued to two accredited investors (the convertible debt “Investors”) convertible notes with an aggregate principal amount of $1,080,000 (the “Convertible Notes”) and warrants to purchase up to an aggregate of 714,285 shares of the Company’s Class A common stock for gross proceeds of $1,000,000 (the “Convertible Notes Financing”).

In connection with the Convertible Notes Financing, the Company also entered into a registration rights agreement with the Investors. So long as the Company complies with certain conditions set forth in the SPA and the registration rights agreement, the Company will sell and the Investors will purchase, an additional $1,080,000 of aggregate principal amount of notes and warrants in the second tranche of the Convertible Note Financing. The second tranche closing has not yet taken place.

The Convertible Notes carry an original issue discount of approximately 7.4%, bear interest at a rate of 7.5% per annum (16% per annum in case of an event of default), are repayable in equal consecutive monthly installments beginning February 24, 2024 and mature on May 24, 2024 (the “Maturity Date”).

The Convertible Notes may be prepaid by the Company upon giving the Investors a fifteen-trading day notice by paying an amount equal to the then outstanding balance. If the Company enters into a qualifying financing it may be required by the Investors to repay part or all of the Convertible Notes at a 112.5% premium (limited to 10% of the proceeds of the qualified financing, if such financing results in gross proceeds to the Company at least $5,000,000). In event of default or change of control, the Investors may require the Company to prepay the Convertible Notes at a 120% premium.

Subject to certain ownership limitations, starting three months after their issuance, the Convertible Notes can be converted at the option of the holder at any time into shares of the Company’s Class A common, at a conversion price equal to 90% (85% in case of an event of default) of the average of the three the lowest daily volume weighted average price (“VWAP”) of the Class A common stock during the ten (10) trading days period prior the receipt of the notice of conversion. The conversion price may be adjusted if the Company issues a qualifying security at a lower price than the then conversion price.

If, upon receipt of conversion notice, the Company cannot issue shares of Class A common stock for any reason, then it is required to issue as many shares of Class A common stock as it is able to issue and, with respect to the unconverted principle portion, the Noteholder may elect for the Company to pay for each shares of Class A common stock that could not be issued at a price equal to the higher of the then conversion price or the VWAP as of the date of the conversion notice.

The Company determined that the Convertible Notes included features that required bifurcation from the debt host and met the criteria to be accounted for as a derivative liability that is accounted for at fair value. On the date of issuance, the compound derivative had an estimated fair value that was not significant due to the remoteness of the events that would trigger the redemption features. The derivative liability uses level 3 inputs, is to be measured at fair value each reporting date with change in fair value being reported in other income. The change in fair value during the year ended December 31, 2023, was not significant and as such, was not recorded.

On the date of issuance, the Company allocated the proceeds between the instruments issued using fair value for the derivative liability with the residual amounts allocated to the convertible notes and warrants using relative fair value as follows:


Convertible notes	$	554,246
Derivative liability		-
Warrants		445,754
Total proceeds	$	1,000,000

Snail Inc. and Subsidiaries

Notes to Consolidated Financial Statements

The difference of $525,754 between the allocated proceeds to the Convertible Notes and the aggregate principal amount will be accreted during the life of the notes. Additionally, $152,500 of transaction costs incurred by the Company were recorded as debt discount.

The following is a summary of the Convertible Notes as of December 31, 2023:

SCHEDULE OF CONVERTIBLE NOTES

								Fair value
	Principal Amount		Unamortized debt discount and issuance costs			Net carrying amount		Amount		Levelling
Convertible Notes	$	860,910	$	(63,549	)	$	797,361	$	536,170		Level 3

The debt discount is being amortized to interest expense over the maturity period using the effective interest method at a rate of 109.7%. The effective interest rate is based on the principal balance discounted by stated interest, debt issuance costs and fair value allocated to the related warrants. For the year ended December 31, 2023, the Company recognized $424,460 of interest expense related to the Convertible Notes, comprising of $29,025 of contractual interest expense, $306,664 in accretion and $88,951 of amortization of debt discount and issuance costs.

Convertible Note Warrants

The convertible note warrants allow the Investors to purchase an aggregate of 714,285 shares of the Company’s Class A common stock at an exercise price of $1.89. The warrants can be exercised, subject to certain ownership limitations, in whole or in part during the exercise period commencing on November 24, 2023 and ending on the date that is five years thereafter.

The exercise price and the number of shares of the warrants are subject to adjustment for standard anti-dilution provisions and also for subsequent issuance at a price lower than the then exercise price and adjustments to the strike price of other equity-linked instruments to a lower price than the then exercise price.

Due to their adjustment provisions, the warrants are classified as a liability on the consolidated balance sheet. The fair value of the warrants at issuance has been estimated using a Monte-Carlo model and the following significant inputs:

SCHEDULE OF STOCK BASED WARRANTS

	Issuance date			December 31, 2023
Stock price	$	1.35		$	1.21
Exercise price	$	1.89		$	1.89
Contractual term (years)		5.0			4.65
Volatility		60.0	%		50.0	%
Risk-free rate		4.39	%		3.87	%

The warrant liability, which uses level 3 inputs, is to be measured at fair value each reporting period with the change in fair value being recognized in other income (expense). The measured fair value may be uncertain due to the use of unobservable inputs. At December 31, 2023, the fair value of the warrant liability was $480,281 and was included in the accrued expenses and other liabilities in the Company’s consolidated balance sheets. The changes in fair value during the year ended December 31, 2023, amounted to a charge of $34,527 included in other income in our consolidated statements of operations and comprehensive income (loss) and in changes in accrued expenses and other liabilities in our consolidated statements of cash flows.

Snail Inc. and Subsidiaries

Notes to Consolidated Financial Statements

Equity Line Purchase Agreement

On August 24, 2023, the Company entered into a common stock purchase agreement (the “Equity Line Purchase Agreement”) and a registration rights agreement (the “Registration Rights Agreement”) with an investor, pursuant to which the investor has committed to purchase up to $5,000,000 in shares of the Company’s Class A common stock, subject to certain limitations and conditions set forth in the Equity Line Purchase Agreement. The Company shall not issue or sell any shares of common stock under the Equity Line Purchase Agreement which, when aggregated with all other shares of common stock beneficially owned by the investor, would result in beneficial ownership of more than 9.99% of the Company’s outstanding shares of common stock.

Under the terms of the Equity Line Purchase Agreement, the Company has the right, but not the obligation, to sell to the investor, shares of Class A common stock over the period commencing on the execution date of the Equity Line Purchase Agreement and ending on the earlier of (i) December 31, 2025, or (ii) the date on which the investor shall have purchased Securities pursuant to the Equity Line Purchase Agreement for an aggregate purchase price of the $5,000,000, provided that a registration statement covering the resale of shares of Class A common stock that have been and may be issued under the Equity Line Purchase Agreement is declared effective by the SEC.

The registration statement covering the offer and sale of up 15,093,768 shares of Class A common stock was effective on October 10, 2023. The purchase price will be calculated as 92% of the volume weighted average prices of the Company’s common stock during normal trading hours for five business days prior to the closing date with respect of a purchase notice.

Concurrently with the signing of the Equity Line Purchase Agreement, the Company issued the equity line warrant to purchase 367,647 shares of its Class A common stock to the investor as a commitment fee. The total fair value, at the date of issuance, of the equity line warrant of approximately $105,411 was recorded as a liability and deferred offering cost and is included in other assets on our consolidated balance sheets.

Equity Line Warrants

In connection with the equity line of credit the Company issued to the Investors warrants to purchase an aggregate 367,647 shares of the Company’s Class A common stock for an exercise price of $1.50. The warrants can be exercised, subject to certain ownership limitations, in whole or in part during the exercise period commencing on August 24, 2023 and ending on the date that is five years thereafter.

The exercise price and the number of shares of the warrants are subject to adjustment for standard anti-dilution provisions, for subsequent common share issuance at a price lower than the then exercise price of the warrants and adjustments to the strike price of other equity-linked instruments to a lower price than the then exercise price of the warrants.

Due to their adjustment provision, the warrants are classified as a liability on the consolidated balance sheet. The fair value of the warrants at issuance has been estimated using a Monte-Carlo model and the following significant inputs:

SCHEDULE OF STOCK BASED WARRANTS

	Issuance date			December 31, 2023
Stock price	$	1.35		$	1.21
Exercise price	$	1.50		$	1.50
Contractual term (years)		5.0			4.65
Volatility		40.0	%		50.0	%
Risk-free rate		5.49	%		3.87	%

The warrant liability, which uses level 3 inputs, is to be measured at fair value at each reporting period and with the change in fair value being recognized in earnings. The measured fair value may be uncertain due to the use of unobservable inputs. At December 31, 2023, the fair value of the warrant liability was $103,767 and included in the accrued expenses and other liabilities in the Company’s consolidated balance sheets. The changes in fair value during the year ended December 31, 2023 amounted to an income of $1,644 and is included in other income in our consolidated statements of operations and comprehensive income (loss) and in changes in accrued expenses and other liabilities in our consolidated statements of cash flows.

Restricted Stock Units (“RSUs”)

RSUs granted to directors vest based on the directors’ continued employment with us through each applicable vest date, which is generally over one year. If the vesting conditions are not met, unvested RSUs will be forfeited. The following table summarizes our RSU units activity with directors for the years ended December 31, 2023 and 2022.

	Restricted Stock Units			Weighted-Average Grant-Date Fair Values
Outstanding as of January 1, 2023		24,000		$	5.00
Granted		43,478			1.38
Vested		(24,000	)		(5.00	)
Forfeited or cancelled		—			—
Outstanding as of December 31, 2023		43,478		$	1.38

	Restricted Stock Units		Weighted-Average Grant-Date Fair Values
Outstanding as of January 1, 2022		—	$	—
Granted		24,000		5.00
Vested		—		—
Forfeited or cancelled		—		—
Outstanding as of December 31, 2022		24,000	$	5.00

The grant date fair value of RSUs granted to directors is based on the quoted market price of our common stock on the date of grant.

Snail Inc. and Subsidiaries

Notes to Consolidated Financial Statements

Our RSUs granted to employees vest upon the achievement of pre-determined performance-based milestones as well as service conditions (“PSUs”). The pre-determined performance-based milestones are based on specified percentages of the PSUs that would vest at each of the first five anniversaries of the IPO date if the Company’s average annual growth rate (“AAGR”) is calculated to be at a target percentage or above during the period between the Company’s IPO Date and the annual revenue for each of the anniversary year. If these performance-based milestones are not met but service conditions are met, the PSUs will not vest, in which case any compensation expense the Company has recognized to date will be reversed. Generally, the total aggregate measurement period of our PSUs is 5 years, with awards cliff-vesting after each annual measurement period during the total aggregate measurement period.

Each quarter, the Company updates our assessment of the probability that the performance milestones will be achieved. The Company amortizes the fair values of PSUs over the requisite service period. Each performance-based milestone is weighted evenly and the number of shares that vest based on each performance-based milestone is independent from the other.

The following table summarizes our PSU activity with employees, presented with the maximum number of shares that could potentially vest, for the years ended December 31, 2023 and 2022.

	Restricted Stock Units			Weighted-Average Grant-Date Fair Values
Outstanding as of January 1, 2023		1,197,552		$	5.00
Granted		—			—
Vested		—			—
Forfeited or cancelled		(32,305	)		5.00
Outstanding as of December 31, 2023		1,165,247		$	5.00

	Restricted Stock Units			Weighted-Average Grant-Date Fair Values
Outstanding as of January 1, 2022		—		$	—
Granted		1,200,960			5.00
Vested		—			—
Forfeited or cancelled		(3,408	)		—
Outstanding as of December 31, 2022		1,197,552		$	5.00

The grant date fair value of PSUs granted to employees is based on the quoted market price of our common stock on the date of grant.

Repurchase Activity

All share repurchases settled in the year ended December 31, 2023 were open market transactions. As of December 31, 2023, 1,350,275 shares of Class A common stock were repurchased pursuant to the Share Repurchase Program for an aggregate purchase price of approximately $3.7 million. The average price paid per share was $2.72 and approximately $1.3 million aggregate amount of shares of Class A common stock remain available for repurchase under the Share Repurchase Program. During the year ended December 31, 2022, 1,197,649 shares of Class A common stock were repurchased pursuant to the Share Repurchase Program for an aggregate purchase price of approximately $3.4 million. The average price paid per share during fiscal year 2022 was $2.85.

Stock-Based Compensation Expense

Stock-based compensation expense resulting from RSUs and PSUs of $799,955 and $223,250 are recorded under general and administrative expenses included in our consolidated statements of operations and comprehensive income (loss) for the years ended December 31, 2023 and 2022, respectively. Stock-based compensation expense resulting from PSUs of $48,080 and $0 are recorded under research and development expenses included in our consolidated statements of operations and comprehensive income (loss) for the years ended December 31, 2023 and 2022, respectively.

During the years ended December 31, 2023 and 2022, the Company recognized approximately $185,432 and $48,678 respectively, of deferred income tax benefit related to our stock-based compensation expense.

As of December 31, 2023, our total unrecognized compensation cost related to RSUs and PSUs was approximately $1.1 million and is expected to be recognized over a weighted-average service period of 2.6 years.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481004/946-505-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480237/815-40-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 16
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-16

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

+ Details

INCOME TAXES (Details Narrative)	12 Months Ended
INCOME TAXES (Details Narrative)	Dec. 31, 2023 USD ($) entity	Dec. 31, 2022 USD ($)
Operating Loss Carryforwards [Line Items]
Federal statutory income tax rate	21.00%	21.00%
Income tax expense (benefit)	$ 2,400,652	$ 2,446,423
Effective tax rate	20.90%	168.50%
Number of unconsolidated entities \| entity	2
Operating loss carryforwards of non-includable entities, which begin to expire in 2037	$ 2,884,392
Operating loss carryforwards of unconsolidated entities with indefinite carryforward period	11,498,479
Interest carryforward	1,539,810
Deferred tax assets valuation allowance non includable entities	5,143,802	$ 5,005,195
Non includable entities valuation allowance	4,022,729	4,057,479
Deferred Tax Assets, Valuation Allowance	5,143,802	5,005,195
Federal deferred tax liability on the unremitted earnings of the foreign subsidiary	0	0
Reinvested related subsidiaries	977,166
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	295,428	497,720
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	0
Domestic Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Valuation Allowance	686,808	683,552
Foreign Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Valuation Allowance	434,265	264,165
Tax credit carryforward amount	192,180
Foreign Tax Authority [Member] \| Research Tax Credit Carryforward [Member]
Operating Loss Carryforwards [Line Items]
Tax credit carryforward amount	343,428
Research Tax Credit Carryforward [Member]
Operating Loss Carryforwards [Line Items]
Tax credit carryforward amount		$ 434,265
California Franchise Tax Board [Member]
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards of non-includable entities, which begin to expire in 2037	14,345,028
Domestic Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
NOL carryforwards	26,508,814
State and Local Jurisdiction [Member]
Operating Loss Carryforwards [Line Items]
NOL carryforwards	$ 5,453,676

INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

SCHEDULE OF INTANGIBLE ASSETS

The following tables reflect all the intangible assets presented on the consolidated balance sheets as of December 31, 2023 and 2022:

SCHEDULE OF INTANGIBLE ASSETS

	December 31, 2023
	Gross									Weighted
	Carrying		Accumulated			Impairment		Net Book		Average
	Amount		Amortization			Loss		Value		Useful Life
License rights from related parties	$	136,665,000	$	(136,665,000	)	$	—	$	—	3 - 5 years
License rights	$	3,000,000	$	(3,000,000	)	$	—	$	—	5 years
Intangible assets - other:
Software	$	51,784	$	(51,784	)	$	—	$	—	3 years
Trademark		10,745		(9,914	)		—		831	12 years
In-progress patent		270,886		—			—		270,886
Total:	$	333,415	$	(61,698	)	$	—	$	271,717

Snail Inc. and Subsidiaries

Notes to Consolidated Financial Statements

	December 31, 2022
	Gross									Weighted
	Carrying		Accumulated			Impairment		Net Book		Average
	Amount		Amortization			Loss		Value		Useful Life
License rights from related parties	$	136,665,000	$	(135,280,942	)	$	—	$	1,384,058	3 - 5 years
License rights	$	3,000,000	$	(3,000,000	)	$	—	$	—	5 years
Intangible assets - other:
Software	$	51,784	$	(51,784	)	$	—	$	—	3 years
Trademark		10,745		(9,110	)		—		1,635	12 years
In-progress patent		270,886		—			—		270,886
Total:	$	333,415	$	(60,894	)	$	—	$	272,521

SCHEDULE OF FUTURE AMORTIZATION EXPENSE OF INTANGIBLE ASSETS

Years ending December 31,	Amount
2024	$	804
2025		27
2026		—
2027		—
2028		—
Thereafter		270,886
Total	$	271,717

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Net operating losses	$ 9,941,478	$ 6,884,595
Deferred revenue	1,564,708	2,003,812
Research and development credit	664,877	494,777
Book lease liability (ASC 842)	640,414	937,968
Fixed assets and intangibles	286,902	1,959,679
Section 174 capitalized research and experimental expenditures	2,101,923	825,394
Interest limitation carryforward	329,383	30,944
Stock based compensation	234,110	48,678
Other	960,471	1,006,040
Total deferred tax assets	16,724,266	14,191,887
Book ROU assets (ASC 842)	(533,369)	(786,350)
Basis difference in subsidiary	(799,595)	(797,806)
Total deferred tax liabilities:	(1,332,964)	(1,584,156)
Long-term deferred tax asset	15,391,302	12,607,731
Valuation allowance	(5,143,802)	(5,005,195)
Net deferred tax asset	$ 10,247,500	$ 7,602,536

DIVIDEND DISTRIBUTION

12 Months Ended

Dec. 31, 2023

Dividend Distribution

DIVIDEND DISTRIBUTION

NOTE 7 – DIVIDEND DISTRIBUTION

On April 26, 2022, the Company declared an in-kind dividend of $94,934,400 for the assignment of the Shareholder Loan and a cash dividend of $8,200,000 to pay the related withholding taxes; see Note 6 – Due from Shareholder. There were no such distributions during the year ended December 31, 2023. In April 2023, the Company filed its annual withholding tax return Form 1042 and recognized a refund receivable related to the withholding taxes paid in the amount of $1,886,600. The refund was received in August 2023 and is reported in additional paid-in capital in the accompanying consolidated balance sheets as of December 31, 2023 and the consolidated statements of equity for the year ended December 31, 2023.

PREPAID EXPENSES - RELATED PARTY

12 Months Ended

Dec. 31, 2023

Prepaid Expenses - Related Party

PREPAID EXPENSES - RELATED PARTY

NOTE 8 – PREPAID EXPENSES - RELATED PARTY

On March 10, 2023, the Company amended its exclusive software license agreement with SDE relating to the ARK franchise. For DLC’s, the Company plans to release during the term of the agreement, the Company will now have the option to pay the $5.0 million DLC payment in whole or in part, when paid in advance; or in full, upon the DLC release. No payment for any DLC under this agreement will exceed $5.0 million.

During the year ended December 31, 2023, the Company prepaid $2.5 million for exclusive license rights for an ARK: Survival Ascended DLC to SDE and $5.5 million in prepaid royalties related to ARK: Survival Ascended DLC’s which have not yet been released. During the year ended December 31, 2022, the Company prepaid $5.0 million for exclusive license rights to an ARK sequel to SDE. Prepaid expenses — related party consisted of the following as of December 31, 2023 and 2022:

	2023			2022
Prepaid royalties	$	6,086,406		$	582,500
Prepaid licenses		7,500,000			5,000,000
Other prepaids		242,060			-
Prepaid expenses - related party, ending balance		13,828,466			5,582,500
Less: short-term portion		(6,044,404	)		—
Total prepaid expenses - related party, long-term	$	7,784,062		$	5,582,500

The amount classified as short-term, as of December 31, 2023, includes the prepaid license for the ARK: Survival Ascended DLC that the Company expects to release in the next twelve months, prepaid royalties for ARK: Survival Ascended DLC’s which have not yet been released and various operational software licenses obtained through SDE.

INCOME TAXES

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

INCOME TAXES

NOTE 16 – INCOME TAXES

The components of income (loss) before income taxes for the years ended December 31, 2023 and 2022 are as follows:

	2023			2022
United States	$	(11,666,676	)	$	(1,587,477	)
Foreign		171,600			135,232
Total	$	(11,495,076	)	$	(1,452,245	)

The income tax benefit for the years ended December 31, 2023 and 2022 are as follows:

	2023			2022
Current:
U.S. federal	$	112,344		$	(499,784	)
U.S. State		82,595			(2,535,117	)
Foreign		49,373			—
Total current income taxes		244,312			(3,034,901	)
Deferred:
U.S. federal		(2,577,737	)		602,102
U.S. State		(67,227	)		(11,686	)
Foreign		—			(1,938	)
Total deferred income taxes		(2,644,964	)		588,478
Income tax benefit	$	(2,400,652	)	$	(2,446,423	)

The benefits for income taxes differs from the amounts computed by applying the federal statutory tax rate of 21.0% to earnings before income taxes, as follows:

	2023			2022
Federal statutory income tax rate		21.00	%		21.00	%
Valuation allowance		(1.21	)%		58.33	%
FIN 48		1.13	%		5.21	%
Return to provision		(0.78	)%		17.27	%
State refund benefit		—			130.84	%
Change in subsidiary tax status		—			(73.52	)%
PPP loan		—			2.45	%
GILTI		(0.43	)%		(1.80	)%
State taxes		(0.10	)%		2.94	%
Foreign withholding tax		(0.43	)%		—
R&D credit true-up		1.76	%		2.84	%
Rate change		(0.02	)%		1.82	%
Other		(0.04	)%		1.10	%
Effective tax rate		20.88	%		168.48	%

The Company recognized an income tax benefit of $2,400,652 and $2,446,423 for the years ended December 31, 2023 and 2022, respectively. The Company’s effective tax rates were 20.9% and 168.5%, for the years ended December 31, 2023 and 2022, respectively. As of December 31, 2023 the Company’s effective tax rate differed from the federal statutory rate of 21% primarily as a result of decreases in uncertain tax positions, changes in the valuation allowance on deferred tax assets, and foreign research and development deductions.

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities consisted of the following as of December 31, 2023 and 2022:

	2023			2022
Deferred tax assets (noncurrent):
Net operating losses	$	9,941,478		$	6,884,595
Deferred revenue		1,564,708			2,003,812
Research and development credit		664,877			494,777
Book lease liability (ASC 842)		640,414			937,968
Fixed assets and intangibles		286,902			1,959,679
Section 174 capitalized research and experimental expenditures		2,101,923			825,394
Interest limitation carryforward		329,383			30,944
Stock based compensation		234,110			48,678
Other		960,471			1,006,040
Total deferred tax assets		16,724,266			14,191,887
Deferred tax liabilities (noncurrent):
Book ROU assets (ASC 842)		(533,369	)		(786,350	)
Basis difference in subsidiary		(799,595	)		(797,806	)
Total deferred tax liabilities:		(1,332,964	)		(1,584,156	)
Long-term deferred tax asset		15,391,302			12,607,731
Valuation allowance		(5,143,802	)		(5,005,195	)
Net deferred tax asset	$	10,247,500		$	7,602,536

Snail Inc. and Subsidiaries

Notes to Consolidated Financial Statements

Included in these consolidated financial statements are two entities that are not consolidated in the U.S. tax return filing due to less than 80% ownership by Snail Games USA Inc. and entity classifications. As of December 31, 2023, the non-includable entities have U.S. federal net operating loss (“NOL”) carryforwards of $2,884,392 which begin to expire in 2037 and $11,498,479 with an indefinite carryforward period. As of December 31, 2023, the non-includable entities have $14,345,028 of California net operating loss carryforwards, which begin to expire in 2037. The Company’s consolidated federal NOL carryforwards are $26,508,814 and its 163(j) interest carryforward is $1,539,810; both have an indefinite life. The Company’s consolidated state NOL carryforwards are $5,453,676 and begin to expire in 2039.

The Company maintained a total valuation allowance of $5,143,802 and $5,005,195 as of December 31, 2023 and 2022, respectively, the valuation allowance relates primarily to the NOL of the non-includable entities mentioned above, which have had historical losses, and which management has assessed are not more likely than not to be able to realize those NOLs. The non-includable entities had a valuation allowance of $4,022,729 and $4,057,479 as of December 31, 2023 and 2022. The Company’s consolidated tax filing group had a domestic valuation allowance of $686,808 and $683,552 as of December 31, 2023 and 2022, respectively. The Company had a foreign valuation allowance of $434,265 and $264,165 as of December 31, 2023 and 2022, respectively. As of December 31, 2023, the Company has no remaining foreign net operating loss carryforwards.

The Company has assessed all positive and negative evidence of whether sufficient future taxable income will be generated to realize the deferred tax assets, including the level of historical taxable income and projections of future taxable income over the periods during which the deferred tax assets are deductible. After evaluating the positive and negative evidence, management believes it is more likely than not that the Company will realize the benefits of these deductible differences, except as noted above.

As of December 31, 2023, the Company has foreign tax credit carryforwards of $192,180 which, if not utilized, begin to expire in 2027 and foreign R&D credit carryforwards of $434,265 which, if not utilized, begin to expire in 2027. The Company has booked an uncertain tax position reserve on the entire amount of foreign tax credit and a valuation allowance on its R&D credit carryforwards due to uncertainty regarding their nature and future utilization. The Company also has California R&D credit carryforwards of $343,428 with an indefinite carryforward period.

The Company and its subsidiaries currently file tax returns in the United States (federal and state) and Poland. The statute of limitations for its consolidated federal income tax returns are open for tax years ended December 31, 2020 and after. The statute of limitations for its consolidated state income tax returns are open for tax years ended December 31, 2019 and after. All tax periods for its Polish subsidiary are currently subject to examination since its inception in 2018. While the Company has historically only filed a state tax return in California, it filed in 10 states in 2022 and it also has completed the Voluntary Disclosure Agreement process in additional states.

After enactment of the Tax Cuts and Jobs Act (“TCJA”) in 2017, any current earnings of a foreign subsidiary are subject to the Global Intangible Low-Taxed Income (“GILTI”) tax and any future repatriation of foreign earnings back to the U.S. would be subject to a 100% dividends-received deduction, thus, not subject to additional federal taxes. The Company owns one foreign corporation, Donkey Crew, which is subject to the GILTI tax and will have a GILTI inclusion during the year ended December 31, 2023. It is Management’s intent to permanently reinvest any future foreign earnings to support operations and business growth of its affiliated company in Poland. As such, no deferred tax liability was recorded on the unremitted earnings of the foreign subsidiary as of December 31, 2023 and 2022. As of December 31, 2023, the Company had $977,166 in unremitted earnings that were indefinitely reinvested related to its consolidated foreign subsidiaries.

The following table reflects changes in gross unrecognized tax benefits for the years ended December 31, 2023 and 2022:

SCHEDULE OF UNRECOGNIZED TAX BENEFITS

	2023			2022
Unrecognized tax benefits at beginning of year	$	696,895		$	693,913
Gross Increases – current year positions		—			—
Gross Increases – prior year positions		—			72,177
Gross Decreases – expiration of statute of limitation		(37,550	)		—
Gross Decreases – settlements		(171,737	)		(69,195	)
Unrecognized tax benefits at end of year	$	487,608		$	696,895

As of December 31, 2023 and 2022, the Company had $295,428 and $497,720, respectively, of unrecognized tax benefits that if recognized would impact the Company’s effective tax rate. The Company accrued and recognized interest and penalties related to unrecognized tax benefits in operating expense. As of December 31, 2023 and 2022, the Company had accrued $0 of interest and penalties, respectively. The Company does not expect the amount to change within 12 months and is currently not under audit by any taxing jurisdictions. The Company was notified of an audit starting by the state of Washington for Business and Occupation tax, and is working with the state to conduct a managed audit.

Snail Inc. and Subsidiaries

Notes to Consolidated Financial Statements

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

SCHEDULE OF USEFUL LIVES OF PROPERTY, PLANT AND EQUIPMENT (Details)	Dec. 31, 2023
Building [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	39 years
Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	7 years
Leasehold Improvements [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years
Leasehold Improvements [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	15 years
Computer Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Computer Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years

SCHEDULE OF INTANGIBLE ASSETS (Details) - USD ($)	12 Months Ended
SCHEDULE OF INTANGIBLE ASSETS (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Net	$ 271,717
License Rights, Related Parties [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	136,665,000	$ 136,665,000
Finite-Lived Intangible Assets, Accumulated Amortization	(136,665,000)	(135,280,942)
Finite-Lived Intangible Assets, Impairment Loss
Finite-Lived Intangible Assets, Net		$ 1,384,058
License Rights, Related Parties [Member] \| Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life	3 years	3 years
License Rights, Related Parties [Member] \| Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life	5 years	5 years
License [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 3,000,000	$ 3,000,000
Finite-Lived Intangible Assets, Accumulated Amortization	(3,000,000)	(3,000,000)
Finite-Lived Intangible Assets, Impairment Loss
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life	5 years	5 years
Computer Software, Intangible Asset [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 51,784	$ 51,784
Finite-Lived Intangible Assets, Accumulated Amortization	$ (51,784)	$ (51,784)
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life	3 years	3 years
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 10,745	$ 10,745
Finite-Lived Intangible Assets, Accumulated Amortization	(9,914)	(9,110)
Finite-Lived Intangible Assets, Net	$ 831	$ 1,635
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life	12 years	12 years
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 270,886	$ 270,886
Finite-Lived Intangible Assets, Net	270,886	270,886
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	333,415	333,415
Finite-Lived Intangible Assets, Accumulated Amortization	(61,698)	(60,894)
Finite-Lived Intangible Assets, Impairment Loss
Finite-Lived Intangible Assets, Net	$ 271,717	$ 272,521

EARNINGS (LOSS) PER SHARE

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

NOTE 19 – EARNINGS (LOSS) PER SHARE

The Company uses the two class method to compute its basic earnings (loss) per share (“Basic EPS”) and diluted earnings (loss) per share (“Diluted EPS”). The following table summarizes the computations of basic EPS and diluted EPS. The allocation of earnings between Class A and Class B shares is based on their respective economic rights to the undistributed earnings of the Company. Basic EPS is computed as net income (loss) divided by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur using the treasury stock and if-converted methods. The restricted stock units, underwriters warrants and warrants issued in connection with the convertible debt and equity line of credit were excluded from the treasury stock method computation of diluted shares as their inclusion would have had an antidilutive effect for the year ended December 31, 2023. The convertible notes were excluded from the if-converted method computation of diluted shares as their inclusion would have had an antidilutive effect for the year ended December 31, 2023. There were no such exclusions made in the 2022 calculation. In performing the calculation of Basic and Diluted EPS for the year ended December 31, 2022, the Company has treated the number of shares transferred in the reorganization transaction as having been issued at the start of the year. The following table provides a reconciliation of the weighted average number of shares used in the calculation of Basic and Diluted EPS.

SCHEDULE OF EARNINGS PER SHARE

	2023			2022
	For the year ended December 31,
	2023			2022
Basic Earnings (Loss) Per Share:
Net (loss) income attributable to Class A common stockholders	$	(1,960,813	)	$	228,482
Net (loss) income attributable to Class B common stockholders		(7,125,262	)		719,325
Net (loss) income attributable to common stockholders		(7,125,262	)		719,325
Total net (loss) income attributable to Snail Inc and Snail Games USA Inc.	$	(9,086,075	)	$	947,807
Class A weighted average shares outstanding – basic		7,911,369			9,131,512
Class B weighted average shares outstanding – basic		28,748,580			28,748,580
weighted average shares outstanding - basic		28,748,580			28,748,580
Class A and B basic (loss) earnings per share	$	(0.25	)	$	0.03

Diluted Earnings (Loss) Per Share:
Net (loss) income attributable to Class A common stockholders	$	(1,960,813	)	$	228,482
Net (loss) income attributable to Class B common stockholders	$	(7,125,262	)	$	719,325
Net (loss) attributable to common stockholders	$	(7,125,262	)	$	719,325
Class A weighted average shares outstanding - basic		7,911,369			9,131,512
Dilutive effects of common stock equivalents		-			-
Class A weighted average shares outstanding - diluted		7,911,369			9,131,512
Class B weighted average shares outstanding - basic		28,748,580			28,748,580
weighted average shares outstanding - basic		28,748,580			28,748,580
Dilutive effects of common stock equivalents		-			-
Class B weighted average shares outstanding - diluted		28,748,580			28,748,580
weighted average shares outstanding - diluted		28,748,580			28,748,580
Diluted (loss) earnings per Class A and B share	$	(0.25	)	$	0.03

OPERATING LEASE RIGHT-OF-USE ASSETS (Tables)

12 Months Ended

Dec. 31, 2023

Operating Lease Right-of-use Assets

SCHEDULE OF TERMINATIONS OPERATING LEASE

	Right of			Accumulated		Lease Liability				Gain on
	Use Asset			Amortization		Current		Long Term		Termination
Lease Terminations	$	(1,301,571	)	$	907,370	$	442,704	$	74,030	$	122,533

SCHEDULE OF OPERATING LEASE COSTS

		2023				2022
Operating lease costs		$	1,578,751			$	1,590,872

SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO OPERATING LEASES

Supplemental information related to operating leases for lease liabilities as of December 31, 2023 and 2022, is as follows:

	2023			2022
Cash paid for amounts included in the measurement of lease liabilities	$	1,548,889		$	1,489,396
Weighted average remaining lease term		1.9 years			2.9 years
Weighted average discount rate		5.00	%		5.00	%

SCHEDULE OF FUTURE UNDISCOUNTED LEASE PAYMENTS FOR OPERATING LEASES AND RECONCILIATION OF THESE PAYMENTS TO OUR OPERATING LEASE LIABILITIES

Future undiscounted lease payments for operating leases and a reconciliation of these payments to our operating lease liabilities as of December 31, 2023 are as follows:

Years ending December 31,	Future lease payments		Imputed Interest Amount		Lease Liabilities
2024	$	1,610,844	$	105,810	$	1,505,034
2025		1,453,784		28,290		1,425,494
2026		—		—		—
Thereafter		—		—		—
Total future lease payments	$	3,064,628	$	134,100	$	2,930,528

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)

12 Months Ended

Dec. 31, 2023

Prepaid Expenses And Other Current Assets

SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other current assets consisted of the following as of December 31, 2023, and 2022:

	2023		2022
Prepaid income taxes	$	9,529,755	$	9,822,603
Deferred offering costs		105,411		—
Other prepaids		70,967		80,271
Other current assets		463,315		662,267
Total prepaid expenses and other current assets	$	10,169,448	$	10,565,141

ACCOUNTS PAYABLE — RELATED PARTIES (Tables)

12 Months Ended

Dec. 31, 2023

Accounts Payable Related Parties

SCHEDULE OF ACCOUNTS PAYABLE- RELATED PARTIES

	2023			2022
Accounts payable - Suzhou	$	55,762,870		$	57,533,171
Less: accounts receivable - Suzhou		(37,614,912	)		(37,614,912	)
Accounts payable - SDE		4,946,478			-
Total accounts payable – related parties	$	23,094,436		$	19,918,259

PREPAID EXPENSES AND OTHER CURRENT ASSETS

12 Months Ended

Dec. 31, 2023

Prepaid Expenses And Other Current Assets

PREPAID EXPENSES AND OTHER CURRENT ASSETS

NOTE 9 – PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other current assets consisted of the following as of December 31, 2023, and 2022:

	2023		2022
Prepaid income taxes	$	9,529,755	$	9,822,603
Deferred offering costs		105,411		—
Other prepaids		70,967		80,271
Other current assets		463,315		662,267
Total prepaid expenses and other current assets	$	10,169,448	$	10,565,141

Snail Inc. and Subsidiaries

Notes to Consolidated Financial Statements

SCHEDULE OF SUBSIDIARIES INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS (Details)	Dec. 31, 2023	Dec. 31, 2022
Snail Innovation Institute [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Equity interest owned by the company	70.00%	70.00%
Donkey Crew, LLC [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Equity interest owned by the company	99.00%	99.00%
BTBX.IO, LLC [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Equity interest owned by the company	70.00%	70.00%
Subsidiaries [Member] \| Snail Games Usa Inc [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Equity interest owned by the company	100.00%
Subsidiaries [Member] \| Snail Innovation Institute [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Equity interest owned by the company	70.00%
Subsidiaries [Member] \| Frostkeep Studios Inc [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Equity interest owned by the company	100.00%
Subsidiaries [Member] \| Eminence Corp [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Equity interest owned by the company	100.00%
Subsidiaries [Member] \| Wandering Wizard Llc [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Equity interest owned by the company	100.00%
Subsidiaries [Member] \| Donkey Crew, LLC [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Equity interest owned by the company	99.00%
Subsidiaries [Member] \| Interactive Films Llc [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Equity interest owned by the company	100.00%
Subsidiaries [Member] \| Project AWK Productions Llc [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Equity interest owned by the company	100.00%
Subsidiaries [Member] \| BTBX.IO, LLC [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Equity interest owned by the company	70.00%