0001641172-25-010394 | 10-Q | XBRL Viewer

LOSS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2025

	2025			2024
	For the three months ended March 31,
	2025			2024
Basic Loss Per Share:
Net loss attributable to Class A common stockholders	$	(441,731	)	$	(385,722	)
Net loss attributable to Class B common stockholders		(1,504,276	)		(1,393,607	)
Net income (loss) attributable to common stockholders		(1,504,276	)		(1,393,607	)
Total net loss attributable to Snail Inc.	$	(1,946,007	)	$	(1,779,329	)
Class A weighted average shares outstanding - basic		8,442,025			7,957,031
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 per share	$	(0.05	)	$	(0.05	)

Diluted Loss Per Share:
Net loss attributable to Class A common stockholders	$	(521,393	)	$	(385,722	)
Net loss attributable to Class B common stockholders	$	(1,775,558	)	$	(1,393,607	)
Net income (loss) attributable to common stockholders	$	(1,775,558	)	$	(1,393,607	)
Class A weighted average shares outstanding - basic		8,442,025			7,957,031
Dilutive effects of common stock equivalents		799,797			-
Class A weighted average shares outstanding - diluted		9,241,822			7,957,031
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 per Class A share	$	(0.06	)	$	(0.05	)
Diluted loss per Class B share	$	(0.06	)	$	(0.05	)
Diluted earnings (loss) per share	$	(0.06	)	$	(0.05	)

SCHEDULE OF ANTI-DILUTIVE SHARES AND SECURITIES

For the three months ended March 31, 2025 and 2024, the convertible notes were excluded from the calculation of Diluted EPS due to the conversion price being above the Company’s average stock price for the fixed portion while the variable portion was anti dilutive based upon the reversal of the fair value adjustment. The following table provides a listing of shares excluded from the calculation of Diluted EPS due to their anti-dilutive effects:

	2025		2024		Method
	For the three months ended March 31,
	2025		2024		Method
Excluded Shares:
Restricted stock units outstanding		1,129,455		1,195,456	Treasury
Equity line of credit warrants		-		367,647	Treasury
Underwriters warrants		120,000		120,000	Treasury
Convertible notes		1,313,632		1,005,212	If-Converted
Convertible notes warrants		-		714,285	Treasury
Antidilutive securities excluded from computation of earnings per share, amount		-		714,285	Treasury

LOAN AND INTEREST RECEIVABLE — RELATED PARTY	3 Months Ended
Mar. 31, 2025
Loan And Interest Receivable Related Party
LOAN AND INTEREST RECEIVABLE — RELATED PARTY	NOTE 11 – 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 were 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. The total amount of loan and interest receivable — related party was $106,252 and $105,759, as of March 31, 2025 and December 31, 2024, respectively. The Company earned $493 and $499 in interest on the related party loans receivable during the three months ended March 31, 2025 and 2024, respectively. Snail Inc. and Subsidiaries Notes to Condensed Consolidated Financial Statements

LOAN AND INTEREST RECEIVABLE — RELATED PARTY

3 Months Ended

Mar. 31, 2025

Loan And Interest Receivable Related Party

LOAN AND INTEREST RECEIVABLE — RELATED PARTY

NOTE 11 – 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 were 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. The total amount of loan and interest receivable — related party was $106,252 and $105,759, as of March 31, 2025 and December 31, 2024, respectively. The Company earned $493 and $499 in interest on the related party loans receivable during the three months ended March 31, 2025 and 2024, respectively.

Snail Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

SCHEDULE OF LONG TERM DEBT (Details) - USD ($)	Mar. 31, 2025	Dec. 31, 2024
Short-Term Debt [Line Items]
Total debt	$ 8,555,521	$ 5,722,549
Less: current portion of promissory note	2,701,003	2,722,549
Less: revolving loan	3,000,000	3,000,000
Less: convertible notes at fair value	2,854,518
Total long-term debt
Revolving Credit Facility [Member]
Short-Term Debt [Line Items]
Total debt	3,000,000	3,000,000
2021 Promissory Note [Member]
Short-Term Debt [Line Items]
Total debt	2,701,003	2,722,549
Convertible Notes Payable [Member]
Short-Term Debt [Line Items]
Total debt	$ 2,854,518

PREPAID EXPENSES AND OTHER CURRENT ASSETS

3 Months Ended

Mar. 31, 2025

Prepaid Expenses And Other Current Assets

PREPAID EXPENSES AND OTHER CURRENT ASSETS

NOTE 7 – PREPAID EXPENSES AND OTHER CURRENT ASSETS

In October 2024, the Company entered into a collaborative arrangement for the development and publishing of a new title with a third party developer. In accordance with the agreement, the Company will pay $1.5 million to the developer as prepaid royalties, to be recovered prior to any profit sharing on sales of the title. In addition to the financial responsibilities, the Company is responsible for the marketing, publishing, and distribution of the game and is providing substantial creative and technical input in the development of the game. The developer will retain ownership of the IP and is responsible for the overall development of the game. The game has not yet been released and accordingly is not reflected in the condensed consolidated statements of operations and comprehensive loss. As of March 31, 2025, the Company made $0.5 million of the prepaid royalty payments, and the amount is capitalized in the other prepaids. Prepaid expenses and other current assets consisted of the following as of March 31, 2025 and December 31, 2024:

	2025		2024
Other receivables	$	262,194	$	549,103
Deferred offering costs		105,411		105,411
Other prepaids		633,948		550,270
Other current assets		466,509		641,240
Total prepaid expenses and other current assets	$	1,468,062	$	1,846,024

Snail Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

REVOLVING LOAN, SHORT TERM NOTES AND LONG - TERM DEBT

3 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

REVOLVING LOAN, SHORT TERM NOTES AND LONG - TERM DEBT

NOTE 12 – REVOLVING LOAN, SHORT TERM NOTES AND LONG - TERM DEBT

SCHEDULE OF LONG TERM DEBT

	March 31, 2025		December 31, 2024
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 revolving maturity date of the revolving loan is extended to June 30, 2025, and has an annual interest rate equal to the prime rate less 0.25%. At March 31, 2025, the interest rate on this loan was 7.25%. 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 in compliance with the debt covenants of this loan for the trailing twelve month period ended March 31, 2025 and is expected to be in non-compliance in the next quarter.	$	3,000,000	$	3,000,000
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, 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 in compliance with the debt covenants of this loan for the trailing twelve month period ended March 31, 2025 and is expected to be in non-compliance within the next twelve months.		2,701,003		2,722,549
2025 Convertible Notes – On February 21, 2025, the Company issued convertible notes at a 10.0% discount and a principal balance of $3,300,000. The notes had an interest rate of 5.0% and will be paid in consecutive monthly installments beginning May 21, 2025 and will mature on February 21, 2026. In the event of a default the Company could be required to pay to the holders an amount equal to the principal outstanding, plus any accrued interest through the date of payments, multiplied by 120%. 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 elected the fair value option to account for the convertible notes and recognized a fair value adjustment of $145,482 on the notes during the three months ended March 31, 2025.		2,854,518		-
Total debt		8,555,521		5,722,549
Less: current portion of promissory note		2,701,003		2,722,549
Less: revolving loan		3,000,000		3,000,000
Less: convertible notes at fair value		2,854,518		-
Total long-term debt	$	-	$	-

Total interest expense for the above debt and revolver loan amounted to $80,746 and $395,964 for the three months ended March 31, 2025 and 2024, respectively. Accretion of the convertible notes and amortization of loan origination expenses and loan discounts of $2,611 and $294,683 are included as part of interest expense for the three months ended March 31, 2025 and 2024, respectively. The Company has a weighted average interest rate of 4.4% and 5.6% on its short-term obligations as of March 31, 2025 and December 31, 2024, respectively. The Company was in compliance with its debt covenants related to the 2021 Revolving Note and 2021 Promissory note for the trailing twelve months ended March 31, 2025, however it is probable that the Company will fail the covenants in the next quarter. As such, the Company has classified the long-term portion of its promissory note as current.

Snail Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

The following table provides future minimum payments of its long-term debt based on contractual payments, as of March 31, 2025:

Years ending December 31,	Amount
Remainder of 2025	$	5,711,467
2026		742,115
2027		92,329
2028		95,414
2029		99,101
Thereafter		2,260,577
Long term debt	$	9,001,003

Convertible Debt

2023 Convertible Notes

In August 2023, pursuant to a securities purchase agreement, the Company issued to two accredited investors (the convertible debt “Investors”) convertible notes with an aggregate principal amount of $1,080,000 (the “2023 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 “2023 Convertible Notes Financing”).

The 2023 Convertible Notes carried an original issue discount of approximately 7.4%, bore interest at a rate of 7.5% per annum (16% per annum in case of an event of default), were repaid in equal consecutive monthly installments that began in February 2024 and matured on May 24, 2024.

The Company determined that the 2023 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 three months ended March 31, 2024, was not significant and as such, was not recorded

The debt discount was amortized to interest expense over the maturity period using the effective interest method at a rate of 103.4%. The effective interest rate was based on the principal balance discounted by stated interest, debt issuance costs and fair value allocated to the related warrants. For the three months ended March 31, 2024, the Company recognized $252,820 of interest expense related to the 2023 Convertible Notes, comprising of $18,347 of contractual interest expense, $181,754 in accretion and $52,719 of amortization of debt discount and issuance costs.

During the year ended December 31, 2024, the Company repaid the balance of $1,071,750 of principal and accrued interest and the investors converted $60,000 of principal into 71,460 shares of Class A common stock.

2025 Convertible Notes

In February 2025, pursuant to a securities purchase agreement (the “SPA”), the Company issued to two accredited investors (the “Investors”) convertible notes with an aggregate principal amount of $3,300,000 (the “2025 Convertible Notes”) for gross proceeds of $3,000,000 (the “2025 Convertible Notes Financing”). The 2025 Convertible Notes, which mature on February 21, 2026, carry an original issue discount of 10%, and are subject to a guaranteed interest equal to 5% of the principal amount. The principal and interest charges are payable in 10 equal monthly payments starting May 21, 2025.

Subject to certain ownership limitations, all or portion of the then outstanding and unpaid principal and interest (the “conversion amount”) of the 2025 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 of $5.00 per share, except that, for an aggregate of $866,250 of the conversion amount, the conversion price is equal to the lesser of $5.00 per share or 92% of the lowest daily volume weighted average price (“VWAP”) of the Class A common stock during the 5 trading days period prior the receipt of the notice of conversion (the “Market Price”). The conversion price may be adjusted for certain customary dilutive events.

The 2025 Convertible Notes may be prepaid by the Company upon giving the Investors a ten-calendar day notice by paying an amount equal to the outstanding balance. In event of default the Investors may require the Company to prepay the 2025 Convertible Notes at a 120% premium and have the option to convert any amount then outstanding into shares of Common Stock at the lesser of the then applicable conversion price or the Market Price. If the Company fails to make the monthly payment, the Noteholders have the right to convert the amount of the monthly payment into shares of Common Stock at the lesser of the then applicable Conversion Price or the Market Price.

The Convertible Notes include multiple features that would require bifurcation, analysis and to be revalued at each reporting date. Accordingly, the Company has elected to apply the fair value option to the 2025 Convertible Notes to simplify the reporting. The 2025 Convertible Notes were initially measured at fair value and are being re-measured at fair value at each subsequent reporting date. From the date of issuance through March 31, 2025, the change in fair value was as follows:

SCHEDULE OF CHANGE IN FAIR VALUE


Fair value, at issuance	$	3,000,000
Change in fair value		(145,482	)
Fair value at March 31, 2025	$	2,854,518

The change in fair value of $117,105 is reported in other income in our condensed consolidated statement of operations and comprehensive loss and $28,377 is recorded in other comprehensive income (loss) due to the change in credit spread from issuance to March 31, 2025, prior to tax adjustment. The portion of the total change in the fair value of the 2025 Convertible Notes that is attributable to changes in the Company’s own credit risk (the “credit component”) is estimated each reporting date using a with-and-without approach. Management first measures fair value using all updated valuation inputs, including the credit spread implied by current market data (33.0%) then management re-measures fair value holding every assumption constant except for the credit spread, which is reset to the spread calibrated on the issuance date (31.2%). The difference between the two fair-value estimates isolates the effect of instrument-specific credit risk.

The Company used the binomial lattice framework to determine the fair value of each maturity payout. Accordingly, the valuation uses a range of level 3 inputs to evaluate each maturity payout individually. The range of level 3 inputs used on the issuance date and as of March 31, 2025 are as follows:

	March 31, 2025			February 21, 2025
Stock price	$	0.88		$	2.09
Exercise price		92% VWAP or $5.00			92% VWAP or $5.00
Contractual term (years)		0.14-0.90			0.24-1.00
Volatility		124.8% - 181.0	%		117.0% - 190.9	%
Risk-free rate		4.03% - 4.32	%		4.11% - 4.29	%

The weighted average volatility, risk-free rate and contractual term used in the valuation was 158.6%, 4.18%, and 0.52 years as of March 31, 2025, respectively.

- 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
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+ Details

REVENUE FROM CONTRACTS WITH CUSTOMERS (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2025	Dec. 31, 2024	Mar. 31, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Deferred revenue recognized	$ 1,200,000
Contract with customer liability	27,605,473	$ 25,467,447	$ 39,040,168	$ 34,316,706
Non-refundable payments	$ 26,500,000
Obligation expected period	60 months
Non-refundable deferred revenues	$ 3,900,000
Long term non-refundable	2,600,000
Deferred revenue	1,100,000
DLC and ARK IP [Member]
Disaggregation of Revenue [Line Items]
Non-refundable payments	$ 20,000,000.0
DLC and ARK IP [Member] \| Minimum [Member]
Disaggregation of Revenue [Line Items]
Obligation expected period	12 months
DLC and ARK IP [Member] \| Maximum [Member]
Disaggregation of Revenue [Line Items]
Obligation expected period	60 months

ACCOUNTS PAYABLE — RELATED PARTY (Details Narrative) - USD ($)	1 Months Ended		3 Months Ended
	Jul. 31, 2025	Jul. 31, 2024	Mar. 31, 2025	Mar. 31, 2024	Jan. 31, 2025
Payments to milestone		$ 4,500,000
Research and development costs			$ 3,609,745	$ 1,776,522
Suzhou Snail [Member]
Development fee			290,000
Installments					$ 340,600
License costs			35,829	47,105
Research and development costs			1,521,800	759,000
Royalties and research and development costs			$ 1,724,200	$ 1,575,000
Forecast [Member]
Payments to milestone	$ 500,000

ACCOUNTS RECEIVABLE (PAYABLE) – RELATED PARTY (Tables)

3 Months Ended

Mar. 31, 2025

Accounts Receivable Payable Related Party

SCHEDULE OF ACCOUNTS RECEIVABLE (PAYABLE) - RELATED PARTY

	2025			2024
Accounts receivable – related party	$	6,000,592		$	7,500,592
Less: accounts payable – related party		(4,667,133	)		(3,663,726	)
Net accounts receivable - related party		1,333,459			3,836,866
Less: accounts receivable – related party, net of current portion		(592	)		(1,500,592	)
Net accounts receivable - related party, current	$	1,332,867		$	2,336,274

SCHEDULE OF INTANGIBLE ASSETS (Details) - USD ($)	3 Months Ended	12 Months Ended
SCHEDULE OF INTANGIBLE ASSETS (Details) - USD ($)	Mar. 31, 2025	Dec. 31, 2024
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Net	$ 2,159,141
Software And License Rights From Related Parties [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	136,665,000	$ 136,955,000
Finite-Lived Intangible Assets, Accumulated Amortization	(136,665,000)	(136,665,000)
Finite-Lived Intangible Assets, Impairment Loss
Finite-Lived Intangible Assets, Net		$ 290,000
Software And License Rights From Related Parties [Member] \| Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life	3 years	3 years
Software And License Rights From 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	$ 4,416,566	$ 3,420,000
Finite-Lived Intangible Assets, Accumulated Amortization	(3,028,000)	(3,007,000)
Finite-Lived Intangible Assets, Impairment Loss
Finite-Lived Intangible Assets, Net	$ 1,388,566	$ 413,000
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	$ 565,961	$ 51,784
Finite-Lived Intangible Assets, Accumulated Amortization	(66,284)	(51,784)
Finite-Lived Intangible Assets, Net	$ 499,677
Computer Software, Intangible Asset [Member] \| Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life	3 years	3 years
Computer Software, Intangible Asset [Member] \| Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life	5 years	5 years
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 10,745	$ 10,745
Finite-Lived Intangible Assets, Accumulated Amortization	(10,733)	(10,717)
Finite-Lived Intangible Assets, Net	$ 12	$ 28
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, Accumulated Amortization
Finite-Lived Intangible Assets, Net	270,886	270,886
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	141,929,158	140,708,415
Finite-Lived Intangible Assets, Accumulated Amortization	(139,770,017)	(139,734,501)
Finite-Lived Intangible Assets, Impairment Loss
Finite-Lived Intangible Assets, Net	$ 2,159,141	$ 973,914

EQUITY (Tables)

3 Months Ended

Mar. 31, 2025

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, 2024		43,478		$	1.38
Granted		—			—
Vested		(10,869	)		3.87
Forfeited or cancelled		—			—
Outstanding as of March 31, 2024		32,609		$	1.38

Employee Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

SCHEDULE OF RESTRICTED STOCK UNITS ACTIVITY

The following table summarizes our PSU activity with employees, presented with the maximum number of shares that could potentially vest, for the three months ended March 31, 2025 and 2024.

	Restricted Stock Units			Weighted- Average Grant-Date Fair Values
Outstanding as of January 1, 2025		1,142,284		$	5.00
Granted		—			—
Vested		—			—
Forfeited or cancelled		(12,829	)		(5.00	)
Outstanding as of March 31, 2025		1,129,455		$	5.00

	Restricted Stock Units			Weighted- Average Grant-Date Fair Values
Outstanding as of January 1, 2024		1,165,247		$	5.00
Granted		—			—
Vested		—			—
Forfeited or cancelled		(2,400	)		(5.00	)
Outstanding as of March 31, 2024		1,162,847		$	5.00

Convertible Note Warrants [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

SCHEDULE OF FAIR VALUE OF WARRANTS

	March 31, 2025			December 31, 2024
Stock price	$	0.88		$	1.86
Exercise price	$	0.84		$	0.84
Contractual term (years)		3.65			3.65
Volatility		80.0	%		60.0	%
Risk-free rate		3.91	%		4.31	%

Equity Line Warrants [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

SCHEDULE OF FAIR VALUE OF WARRANTS

	March 31, 2025			December 31, 2024
Stock price	$	0.88		$	1.86
Exercise price	$	1.50		$	1.50
Contractual term (years)		3.40			3.65
Volatility		85.0	%		60.0	%
Risk-free rate		3.90	%		4.31	%

- 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 RESTRICTED STOCK UNITS ACTIVITY (Details) - $ / shares	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Director [Member] \| Restricted Stock Units (RSUs) [Member]
Outstanding, beginning balance		43,478
Weighted-average grant-date fair value, beginning balance		$ 1.38
Outstanding, granted
Weighted-average grant-date fair value, granted
Outstanding, vested		(10,869)
Weighted-average grant-date fair value, vested		$ 3.87
Outstanding, forfeited or cancelled
Weighted-average grant-date fair value, forfeited or cancelled
Outstanding, ending balance		32,609
Weighted-average grant-date fair value, ending balance		$ 1.38
Weighted-average grant-date fair value, vested		$ (3.87)
Employees [Member] \| Performance Shares [Member]
Outstanding, beginning balance	1,142,284	1,165,247
Weighted-average grant-date fair value, beginning balance	$ 5.00	$ 5.00
Outstanding, granted
Weighted-average grant-date fair value, granted
Outstanding, vested
Weighted-average grant-date fair value, vested
Outstanding, forfeited or cancelled	(12,829)	(2,400)
Weighted-average grant-date fair value, forfeited or cancelled	$ (5.00)	$ (5.00)
Outstanding, ending balance	1,129,455	1,162,847
Weighted-average grant-date fair value, ending balance	$ 5.00	$ 5.00
Weighted-average grant-date fair value, vested

OPERATING SEGMENTS

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

OPERATING SEGMENTS

NOTE 18 – OPERATING SEGMENTS

The Company’s Chief Operating Decision Maker (“CODM”) is our Founder, Co-Chief Executive Officer, Chief Strategy Officer, and Chairman Mr. Hai Shi. The CODM assesses performance and decides how to allocate resources based on net loss to evaluate operational efficiency and direct resources of the Company. Segment assets are reported on the condensed consolidated balance sheets as total assets. The table below presents segment revenue, operating profit and significant expenses for the three months ended March 31, 2025 and 2024:

	Three months ended March 31,
	2025			2024

Revenues, net	$	20,110,872		$	14,115,729
Cost of revenues		14,263,345			12,041,698

Gross profit		5,847,527			2,074,031

Operating expenses:
Salaries and Wages		2,599,493			542,389
Public Company Expenses		163,506			100,650
General and administrative		2,201,352			1,639,001
Research and development		3,609,745			1,776,522
Advertising and marketing		1,306,365			141,030
Depreciation		67,904			82,338
Total operating expenses		9,948,365			4,281,930

Loss from operations		(4,100,838	)		(2,207,899	)

Total other income (expense), net		683,045			(50,509	)

Loss before benefit from income taxes	$	(3,417,793	)	$	(2,258,408	)

Benefit from income taxes		(1,470,830	)		(477,950	)

Net loss	$	(1,946,963	)	$	(1,780,458	)

Depreciation and amortization expense is consistent with those presented in the condensed consolidated statements of cash flows. There are no additional segment items requiring separate disclosure. Interest income, interest expense, other income and foreign currency transactions are captured in the total other income (expense), net line item. The Company continues to report revenue by geographic region as part of its revenue disclosures, see Note 3 – Revenue from Contracts with Customers. The CFO provides reports to the CODM for key decision making purposes.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

REVENUE FROM CONTRACTS WITH CUSTOMERS

3 Months Ended

Mar. 31, 2025

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 at the time of a release. The Company recognizes revenue over a period based on the estimated service period of the product and additional performance obligations met over time for technical support. Net revenue by timing of recognition during the three months ended March 31, 2025 and 2024 were as follows:

SCHEDULE OF DISAGGREGATION OF REVENUE

	2025		2024
Over time	$	1,817,808	$	2,535,834
Point in time		18,293,064		11,579,895
Total revenue from contracts with customers:	$	20,110,872	$	14,115,729

Geography

The Company attributes net revenue to geographic regions based on customer location. Net revenue by geographic region for the three months ended March 31, 2025 and 2024 were as follows:

	2025		2024
United States	$	17,301,686	$	11,898,607
International		2,809,186		2,217,122
Total revenue from contracts with customers:	$	20,110,872	$	14,115,729

Platform

Net revenue by platform for the three months ended March 31, 2025 and 2024 were as follows:

	2025		2024
Console	$	8,305,578	$	6,002,817
PC		9,008,138		5,104,723
Mobile		2,347,233		962,941
Other		449,923		2,045,248
Total revenue from contracts with customers:	$	20,110,872	$	14,115,729

Our net revenues through our current period top four platform providers as a proportion of our total net revenue for the three months ended March 31, 2025 and 2024 were as follows:

	2025		2024

Platform 1	$	8,762,894	$	4,989,586
Platform 2		2,735,268		2,072,190
Platform 3		5,173,560		3,387,104
Platform 4		395,596		542,882
All Other Revenue		3,043,554		3,123,967
Total revenue from contracts with customers:	$	20,110,872	$	14,115,729

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 three months ended March 31, 2025 and 2024 was as follows:

	2025		2024
Digital	$	17,313,716	$	11,107,540
Mobile		2,347,233		962,941
Physical retail and other		449,923		2,045,248
Total revenue from contracts with customers:	$	20,110,872	$	14,115,729

Other Revenues

As discussed in Note 14, the Company recognized the $1.2 million payment related to the Angela Games settlement upon satisfaction of performance obligations included in the contract. This amount is included in other revenues for the three months ended March 31, 2024.

Snail Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

Deferred Revenue

The Company records deferred revenue when payments are due or received in advance of the fulfilment of our associated performance obligations; reductions to deferred revenue balance were primarily due to the recognition of revenue upon fulfilment of its performance obligations, which were in the ordinary course of business. As of March 31, 2025, the balance of deferred revenue was $27.6 million, of which $26.5 million is due to non-refundable payments. The Company is expecting to recognize $20.0 million of the non-refundable payments in the next 12 to 60 months through the platform releases of certain DLCs. The remaining $3.9 million of current non-refundable deferred revenues and $2.6 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 $1.1 million in advance payments received in accordance with the agreement the Company has made with its retail distributor. Activities in the Company’s deferred revenue as of March 31, 2025 and 2024 were as follows:

SCHEDULE OF DEFERRED REVENUE

	2025			2024
Deferred revenue, beginning balance in advance of revenue recognition billing	$	25,467,447		$	34,316,706
Revenue recognized		(1,278,631	)		(2,535,834	)
Revenue deferred		3,416,657			7,259,296
Deferred revenue, ending balance		27,605,473			39,040,168
Less: current portion		(3,864,474	)		(21,937,421	)
Deferred revenue, long term	$	23,740,999		$	17,102,747

- 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

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+ Details

PROPERTY AND EQUIPMENT, NET (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 67,904	$ 82,338

OPERATING SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

SCHEDULE OF SEGMENT REVENUE, OPERATING PROFIT AND SIGNIFICANT EXPENSES

	Three months ended March 31,
	2025			2024

Revenues, net	$	20,110,872		$	14,115,729
Cost of revenues		14,263,345			12,041,698

Gross profit		5,847,527			2,074,031

Operating expenses:
Salaries and Wages		2,599,493			542,389
Public Company Expenses		163,506			100,650
General and administrative		2,201,352			1,639,001
Research and development		3,609,745			1,776,522
Advertising and marketing		1,306,365			141,030
Depreciation		67,904			82,338
Total operating expenses		9,948,365			4,281,930

Loss from operations		(4,100,838	)		(2,207,899	)

Total other income (expense), net		683,045			(50,509	)

Loss before benefit from income taxes	$	(3,417,793	)	$	(2,258,408	)

Benefit from income taxes		(1,470,830	)		(477,950	)

Net loss	$	(1,946,963	)	$	(1,780,458	)

PREPAID EXPENSES - RELATED PARTY (Tables)

3 Months Ended

Mar. 31, 2025

Prepaid Expenses - Related Party

SCHEDULE OF PREPAID EXPENSES - RELATED PARTY

	2025			2024
Prepaid royalties	$	4,907,669		$	4,378,594
Prepaid licenses		7,500,000			7,500,000
Other prepaids		36,748			21,291
Prepaid expenses - related party, ending balance		12,444,417			11,899,885
Less: short-term portion		(2,536,748	)		(2,521,291	)
Total prepaid expenses - related party, long-term	$	9,907,669		$	9,378,594

SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT, NET (Details) - USD ($)	Mar. 31, 2025	Dec. 31, 2024
Property, Plant and Equipment [Line Items]
Property and equipment	$ 9,521,752	$ 9,521,752
Accumulated depreciation	(5,211,304)	(5,143,400)
Property and equipment, net	4,310,448	4,378,352
Building [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	1,874,049	1,874,049
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	2,700,000	2,700,000
Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	1,010,218	1,010,218
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	1,537,775	1,537,775
Trucks [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	178,695	178,695
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	1,809,214	1,809,214
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	$ 411,801	$ 411,801

SCHEDULE OF EARNINGS PER SHARE (Details) - USD ($)	3 Months Ended
SCHEDULE OF EARNINGS PER SHARE (Details) - USD ($)	Mar. 31, 2025	Mar. 31, 2024
Basic Loss Per Share:
Total net loss attributable to Snail Inc.	$ (1,946,007)	$ (1,779,329)
Class A and B basic loss per share	$ (0.05)	$ (0.05)
Diluted Loss Per Share:
Diluted earnings (loss) per share	$ (0.06)	$ (0.05)
Common Class A [Member]
Basic Loss Per Share:
Net income (loss) attributable to common stockholders	$ (441,731)	$ (385,722)
Weighted average shares outstanding - basic	8,442,025	7,957,031
Diluted Loss Per Share:
Net income (loss) attributable to common stockholders	$ (521,393)	$ (385,722)
Dilutive effects of common stock equivalents	799,797
Weighted average shares outstanding - diluted	9,241,822	7,957,031
Diluted earnings (loss) per share	$ (0.06)	$ (0.05)
Common Class B [Member]
Basic Loss Per Share:
Net income (loss) attributable to common stockholders	$ (1,504,276)	$ (1,393,607)
Weighted average shares outstanding - basic	28,748,580	28,748,580
Diluted Loss Per Share:
Net income (loss) attributable to common stockholders	$ (1,775,558)	$ (1,393,607)
Dilutive effects of common stock equivalents
Weighted average shares outstanding - diluted	28,748,580	28,748,580
Diluted earnings (loss) per share	$ (0.06)	$ (0.05)

SCHEDULE OF FUTURE UNDISCOUNTED LEASE PAYMENTS FOR OPERATING LEASES AND RECONCILIATION OF THESE PAYMENTS TO OUR OPERATING LEASE LIABILITIES (Details)	Mar. 31, 2025 USD ($)
Operating Lease Right-of-use Assets
Future lease payments, Remainder of 2025	$ 1,055,085
Imputed Interest Amount, Remainder of 2025	17,459
Lease Liabilities, Remainder of 2025	1,037,626
Future lease payments, 2026	24,737
Imputed Interest Amount, 2026	3,455
Lease Liabilities, 2026	21,282
Future lease payments, 2027	25,636
Imputed Interest Amount, 2027	1,778
Lease Liabilities, 2027	23,858
Future lease payments, 2028	13,042
Imputed Interest Amount, 2028	199
Lease Liabilities, 2028	12,843
Total future lease payments	1,118,500
Total Imputed Interest	22,891
Total Lease Liabilities	$ 1,095,609

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

3 Months Ended

Mar. 31, 2025

Revenue from Contract with Customer [Abstract]

SCHEDULE OF DISAGGREGATION OF REVENUE

	2025		2024
Over time	$	1,817,808	$	2,535,834
Point in time		18,293,064		11,579,895
Total revenue from contracts with customers:	$	20,110,872	$	14,115,729

Geography

The Company attributes net revenue to geographic regions based on customer location. Net revenue by geographic region for the three months ended March 31, 2025 and 2024 were as follows:

	2025		2024
United States	$	17,301,686	$	11,898,607
International		2,809,186		2,217,122
Total revenue from contracts with customers:	$	20,110,872	$	14,115,729

Platform

Net revenue by platform for the three months ended March 31, 2025 and 2024 were as follows:

	2025		2024
Console	$	8,305,578	$	6,002,817
PC		9,008,138		5,104,723
Mobile		2,347,233		962,941
Other		449,923		2,045,248
Total revenue from contracts with customers:	$	20,110,872	$	14,115,729

Our net revenues through our current period top four platform providers as a proportion of our total net revenue for the three months ended March 31, 2025 and 2024 were as follows:

	2025		2024

Platform 1	$	8,762,894	$	4,989,586
Platform 2		2,735,268		2,072,190
Platform 3		5,173,560		3,387,104
Platform 4		395,596		542,882
All Other Revenue		3,043,554		3,123,967
Total revenue from contracts with customers:	$	20,110,872	$	14,115,729

Distribution channel

	2025		2024
Digital	$	17,313,716	$	11,107,540
Mobile		2,347,233		962,941
Physical retail and other		449,923		2,045,248
Total revenue from contracts with customers:	$	20,110,872	$	14,115,729

SCHEDULE OF DEFERRED REVENUE

	2025			2024
Deferred revenue, beginning balance in advance of revenue recognition billing	$	25,467,447		$	34,316,706
Revenue recognized		(1,278,631	)		(2,535,834	)
Revenue deferred		3,416,657			7,259,296
Deferred revenue, ending balance		27,605,473			39,040,168
Less: current portion		(3,864,474	)		(21,937,421	)
Deferred revenue, long term	$	23,740,999		$	17,102,747

Cover - $ / shares	3 Months Ended
Cover - $ / shares	Mar. 31, 2025	May 09, 2025
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2025
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2025
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 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
Common Class A [Member]
Entity Common Stock, Shares Outstanding		8,465,080
Entity Listing, Par Value Per Share	$ 0.0001
Common Class B [Member]
Entity Common Stock, Shares Outstanding		28,748,580
Entity Listing, Par Value Per Share	$ 0.0001

EQUITY (Details Narrative)				3 Months Ended		12 Months Ended
EQUITY (Details Narrative)	Oct. 10, 2023 shares	Aug. 24, 2023 USD ($) $ / shares shares	Nov. 09, 2022 $ / shares shares	Mar. 31, 2025 USD ($) Integer $ / shares shares	Mar. 31, 2024 USD ($) shares	Dec. 31, 2024 USD ($) $ / shares shares
Class of Stock [Line Items]
Number of classes of common stock \| Integer				2
Warrant to purchase \| shares				1,670,499		1,859,784
Warrants exercised \| $				$ 159,000
Shares repurchased \| shares				1,350,275		1,350,275
Share based payment arrangement expense tax benefit \| $				$ 175,291	175,291
Deferred income tax benefit \| $				194,644	194,644
General and Administrative Expense [Member]
Class of Stock [Line Items]
Stock based compensation \| $				788,177	(862,634)
Research and Development Expense [Member]
Class of Stock [Line Items]
Stock based compensation \| $				55,442	(64,241)
Restricted Stock Units (RSUs) [Member]
Class of Stock [Line Items]
Unrecognized compensation cost \| $				$ 1,000,000.0
Weighted-average service period of recognition				1 year 8 months 12 days
Restricted Stock Units (RSUs) [Member] \| Director [Member]
Class of Stock [Line Items]
Vesting period						1 year
Performance Shares [Member] \| Employees [Member]
Class of Stock [Line Items]
Vesting period				5 years
Equity Line Purchase Agreement [Member]
Class of Stock [Line Items]
Exercise price \| $ / shares				$ 1.50		$ 1.50
Warrant to purchase \| shares				334,314		334,314
Convertible Note [Member]
Class of Stock [Line Items]
Warrant to purchase \| shares				1,607,849
Warrants exercised \| shares				391,664
Convertible Note Warrants [Member]
Class of Stock [Line Items]
Exercise price \| $ / shares		$ 1.89
Convertible debt shares \| shares		714,285
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate				80.00%		60.00%
Fair value of warrant liability \| $				$ 637,139		$ 1,448,109
Other Income \| $				$ 615,943	5,101
Exercised warrants \| shares				189,285
Warrant proceeds \| $				$ 159,000
Warrants exercised \| $				$ 128,085
Equity Line Warrants [Member]
Class of Stock [Line Items]
Exercise price \| $ / shares		$ 1.50
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate				85.00%		60.00%
Fair value of warrant liability \| $				$ 140,343		$ 292,004
Warrants exercised \| shares				33,333
Shares issued \| shares		367,647
Other income (loss) \| $				$ 151,661	$ 9,620
Common Stock [Member] \| Equity Line Purchase Agreement [Member]
Class of Stock [Line Items]
Beneficial ownership		9.99%
Common Stock [Member] \| Equity Line Purchase Agreement [Member]
Class of Stock [Line Items]
Warrant to purchase \| shares		367,647
Common stock issued \| $		$ 5,000,000
Number of shares transferred \| shares	15,093,768
Warrant outstanding \| $		$ 105,411
Common Class A [Member]
Class of Stock [Line Items]
Number of votes per share \| Integer				1
Class A shares issuable upon conversion \| shares				1
Shares issued \| shares				9,815,355		9,626,070
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate				5.00%
Aggregate purchase price of shares repurchased \| $				$ 3,700,000
Average price paid per share \| $ / shares				$ 2.72
Value of shares available for repurchase \| $				$ 1,300,000
Number of shares repurchased during period \| shares				0	0
Common Class A [Member] \| Minimum [Member]
Class of Stock [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate				5.00%
Common Class A [Member] \| IPO [Member]
Class of Stock [Line Items]
Shares issued \| shares			120,000
Common Class A [Member] \| IPO [Member] \| Warrant [Member]
Class of Stock [Line Items]
Exercise price percentage			125.00%
Exercise price \| $ / shares			$ 6.25
Common Class B [Member]
Class of Stock [Line Items]
Number of votes per share \| Integer				10
Shares issued \| shares				28,748,580		28,748,580

PROPERTY AND EQUIPMENT, NET (Tables)

3 Months Ended

Mar. 31, 2025

Property, Plant and Equipment [Abstract]

SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT, NET

Property and equipment, net consisted of the following as of March 31, 2025 and December 31, 2024:

	2025			2024
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			1,809,214
Furniture and fixtures		411,801			411,801
Property and equipment		9,521,752			9,521,752
Accumulated depreciation		(5,211,304	)		(5,143,400	)
Property and equipment, net	$	4,310,448		$	4,378,352

PRESENTATION AND NATURE OF OPERATIONS

3 Months Ended

Mar. 31, 2025

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.

Basis of Presentation and Consolidation

The accompanying condensed 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”) for interim reporting. Accordingly, certain notes or other information that are normally required by U.S. GAAP have been condensed or omitted if they substantially duplicate disclosures contained in our annual audited consolidated financial statements. Additionally, the year-end condensed consolidated balance sheet data was derived from audited consolidated financial statements but does not include all disclosures required by U.S. GAAP. Accordingly, the unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2024 included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the SEC on March 26, 2025. The condensed consolidated results of operations for any interim period are not necessarily indicative of the results to be expected for the full year or for any other future annual or interim period.

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 unaudited condensed consolidated financial statements.

Snail Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

The condensed 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 condensed 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, stock-based compensation, the fair value of warrants and convertible debt. 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 and third parties. Financial information about our geographic regions is included in Note 3 – Revenue from Contracts with Customers and information about our reportable operating segment is included in Note 18 – Operating Segments.

Snail Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	Mar. 14, 2023	Mar. 31, 2025	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Deferred revenue			$ 1,200,000
Damages sought value	$ 3,000,000
Security deposit	$ 130,000
Commitments		$ 5,100,000

OPERATING LEASE RIGHT-OF-USE ASSETS (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2025	Mar. 31, 2024	Dec. 31, 2024	Apr. 30, 2018
Short-Term Debt [Line Items]
Operating lease right-of-use assets	$ 953,082		$ 1,279,330
Lease Terminated And Expired [Member]
Short-Term Debt [Line Items]
Variable lease payments	38,277	$ 27,332
Standby Letters of Credit [Member]
Short-Term Debt [Line Items]
Maximum borrowing capacity				$ 1,075,000
Operating lease extend			The standby letter of credit was valid for a one-year term and was amended in January 2021 to extend to January 31, 2026.
Operating lease right-of-use assets	$ 953,082		$ 1,279,330

SCHEDULE OF PREPAID EXPENSES - RELATED PARTY (Details) - USD ($)	Mar. 31, 2025	Dec. 31, 2024
Defined Benefit Plan Disclosure [Line Items]
Other prepaids	$ 633,948	$ 550,270
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Prepaid royalties	4,907,669	4,378,594
Prepaid licenses	7,500,000	7,500,000
Other prepaids	36,748	21,291
Prepaid expenses - related party, ending balance	12,444,417	11,899,885
Less: short-term portion	(2,536,748)	(2,521,291)
Total prepaid expenses - related party, long-term	$ 9,907,669	$ 9,378,594

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details Narrative) $ in Millions	3 Months Ended
	Mar. 31, 2025 USD ($)
Payments for royalties	$ 1.5
ARK Survival Ascended [Member]
Prepaid royalties	$ 0.5

PRESENTATION AND NATURE OF OPERATIONS (Tables)

3 Months Ended

Mar. 31, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SCHEDULE OF SUBSIDIARIES INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS

The condensed 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 FAIR VALUE THE RANGE OF LEVEL 3 INPUTS (Details) - $ / shares		3 Months Ended
	Feb. 21, 2025	Mar. 31, 2025
Debt Instrument [Line Items]
Risk-free rate		4.18%
Fair Value, Inputs, Level 3 [Member]
Debt Instrument [Line Items]
Stock price	$ 2.09	$ 0.88
Volume weighted average price percentage	92.00%	92.00%
Exercise price	$ 5.00	$ 5.00
Fair Value, Inputs, Level 3 [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Contractual term (years)	2 months 26 days	1 month 20 days
Contractual term (years)	117.00%	124.80%
Risk-free rate	4.11%	4.03%
Fair Value, Inputs, Level 3 [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Contractual term (years)	1 year	10 months 24 days
Contractual term (years)	190.90%	181.00%
Risk-free rate	4.29%	4.32%

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)

3 Months Ended

Mar. 31, 2025

Prepaid Expenses And Other Current Assets

SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS

	2025		2024
Other receivables	$	262,194	$	549,103
Deferred offering costs		105,411		105,411
Other prepaids		633,948		550,270
Other current assets		466,509		641,240
Total prepaid expenses and other current assets	$	1,468,062	$	1,846,024

ACCOUNTS PAYABLE — RELATED PARTY (Tables)

3 Months Ended

Mar. 31, 2025

Accounts Payable Related Party

SCHEDULE OF ACCOUNTS PAYABLE- RELATED PARTIES

	2025			2024
Accounts payable - Suzhou	$	53,331,513		$	52,998,084
Less: accounts receivable - Suzhou		(37,614,913	)		(37,614,913	)
Total accounts payable – related party	$	15,716,600		$	15,383,171

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2025

Accounting Policies [Abstract]

SCHEDULE OF COST OF REVENUES

	2025		2024
Software license royalties – related parties	$	5,273,727	$	3,274,020
Software license royalties		53,830		162,748
License and amortization – related parties		6,000,000		6,000,000
License and amortization		263,725		201
Merchant fees		554,695		221,449
Engine fees		812,948		961,442
Internet, server and data center		1,295,938		1,400,006
Other		8,482		21,832
Total:	$	14,263,345	$	12,041,698

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	%

SUMMARY OF OUTSTANDING WARRANTS

Number Outstanding

Exercise Price

Class

Expiration Date

Equity line of credit warrants

334,314

1.50

Liability

August 24, 2028

Convertible notes warrants

1,216,185

.84

Liability

November 24, 2028

Underwriters warrants

120,000

6.25

Equity

November 9, 2025

Total warrants:

1,670,499

SCHEDULE OF FAIR VALUE OF WARRANTS (Details) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2025	Dec. 31, 2024
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Risk-free rate	4.18%
Convertible Note Warrants [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Stock price	$ 0.88	$ 1.86
Exercise price	$ 0.84	$ 0.84
Contractual term (years)	3 years 7 months 24 days	3 years 7 months 24 days
Volatility	80.00%	60.00%
Risk-free rate	3.91%	4.31%
Equity Line Warrants [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Stock price	$ 0.88	$ 1.86
Exercise price	$ 1.50	$ 1.50
Contractual term (years)	3 years 4 months 24 days	3 years 7 months 24 days
Volatility	85.00%	60.00%
Risk-free rate	3.90%	4.31%

INCOME TAXES (Details Narrative) - USD ($)	3 Months Ended
INCOME TAXES (Details Narrative) - USD ($)	Mar. 31, 2025	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Income Tax Expense (Benefit)	$ 1,470,830	$ 477,950
Effective tax rate permanent differences	43.00%
Federal statutory rate	21.00%

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
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-Name Accounting Standards Codification
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-Paragraph 1
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-Publisher FASB
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
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-Section 50
-Paragraph 32
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/exampleRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
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-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
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-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-10

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (a)
-SubTopic 20
-Topic 740
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482659/740-20-45-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h))
-SubTopic 10
-Topic 235
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ Details

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Mar. 31, 2025	Dec. 31, 2024
Accounts receivable, allowance for credit loss, current	$ 523,500	$ 523,500
Treasury stock, shares	1,350,275	1,350,275
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	9,815,355	9,626,070
Common stock, shares outstanding	8,465,080	8,275,795
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

SUMMARY OF COMPONENTS OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS (Details) - USD ($)	Mar. 31, 2025	Dec. 31, 2024	Mar. 31, 2024	Dec. 31, 2023
Cash And Cash Equivalents And Restricted Cash And Cash Equivalents
Cash and cash equivalents	$ 9,359,116	$ 7,303,944	$ 16,068,729
Restricted cash and cash equivalents	935,000		1,117,310
Cash and cash equivalents, and restricted cash and cash equivalents	$ 10,294,116	$ 8,238,944	$ 17,186,039	$ 16,314,319

CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH AND CASH EQUIVALENTS

3 Months Ended

Mar. 31, 2025

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 $935,000 as of March 31, 2025 and December 31, 2024. The amounts of restricted cash and cash equivalents held as of March 31, 2025, are to secure the standby letter of credit with landlords. The following table summarizes the components of the Company’s cash and cash equivalents, and restricted cash and cash equivalents as of March 31, 2025 and 2024:

	2025		2024
Cash and cash equivalents	$	9,359,116	$	16,068,729
Restricted cash and cash equivalents		935,000		1,117,310
Cash and cash equivalents, and restricted cash and cash equivalents	$	10,294,116	$	17,186,039

PRESENTATION AND NATURE OF OPERATIONS (Details Narrative)	3 Months Ended
	Mar. 31, 2025 Integer
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments	1

SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO OPERATING LEASES (Details) - USD ($)	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Operating Lease Right-of-use Assets
Cash paid for amounts included in the measurement of lease liabilities	$ 422,537	$ 400,662
Weighted average remaining lease term	9 months 18 days	1 year 8 months 12 days
Weighted average discount rate	5.18%	5.00%

SCHEDULE OF DEFERRED REVENUE (Details) - USD ($)	3 Months Ended
SCHEDULE OF DEFERRED REVENUE (Details) - USD ($)	Mar. 31, 2025	Mar. 31, 2024	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Deferred revenue, beginning balance in advance of revenue recognition billing	$ 25,467,447	$ 34,316,706
Revenue recognized	(1,278,631)	(2,535,834)
Revenue deferred	3,416,657	7,259,296
Deferred revenue, ending balance	27,605,473	39,040,168
Less short term portion	(3,864,474)	(21,937,421)	$ (3,947,559)
Deferred revenue, long term	$ 23,740,999	$ 17,102,747	$ 21,519,888

REVOLVING LOAN, SHORT TERM NOTES AND LONG - TERM DEBT (Details Narrative) - USD ($)	1 Months Ended		3 Months Ended		12 Months Ended
	Feb. 28, 2025	Aug. 31, 2023	Mar. 31, 2025	Mar. 31, 2024	Dec. 31, 2024
Short-Term Debt [Line Items]
Amortization of loan origination expenses			$ 2,611	$ 294,683
Weighted average volatility			158.60%
Risk free rate			4.18%
Contractual term			6 months 7 days
Convertible Debt [Member]
Short-Term Debt [Line Items]
Interest expense			$ 252,820
Convertible debt principal amount	$ 3,300,000	$ 1,080,000
Warrants to purchase shares		714,285
Proceeds from issuance of debt	$ 3,000,000	$ 1,000,000
Original issue discount percentage	10.00%	7.40%
Interest rate		7.50%
Debt default interest rate		16.00%
Convertible debt maturity date		May 24, 2024
Interest rate		103.40%
Contractual interest expense			18,347
Accretion expense			181,754
Amortization of debt discount			52,719
Debt principal and accrued interest paid					$ 1,071,750
Conversion of convertible notes					$ 60,000
Original issue discount percentage	5.00%
Conversion price	$ 5.00
Convertible debt amount	$ 866,250
Debt conversion description	the conversion amount, the conversion price is equal to the lesser of $5.00 per share or 92% of the lowest daily volume weighted average price (“VWAP”) of the Class A common stock during the 5 trading days period prior the receipt of the notice of conversion (the “Market Price”).
Debt instrument, description	In event of default the Investors may require the Company to prepay the 2025 Convertible Notes at a 120% premium and have the option to convert any amount then outstanding into shares of Common Stock at the lesser of the then applicable conversion price or the Market Price
Other income			117,105
Prior period reclassification adjustment			28,377
Fair value measurement, description	Management first measures fair value using all updated valuation inputs, including the credit spread implied by current market data (33.0%) then management re-measures fair value holding every assumption constant except for the credit spread, which is reset to the spread calibrated on the issuance date (31.2%). The difference between the two fair-value estimates isolates the effect of instrument-specific credit risk.
Convertible Debt [Member] \| Common Class A [Member]
Short-Term Debt [Line Items]
Shares issuable upon notes conversion					71,460
Revolver Loan [Member]
Short-Term Debt [Line Items]
Interest expense			$ 80,746	$ 395,964
Weighted average interest rate			4.40%		5.60%

OPERATING LEASE RIGHT-OF-USE ASSETS

3 Months Ended

Mar. 31, 2025

Operating Lease Right-of-use Assets

OPERATING LEASE RIGHT-OF-USE ASSETS

NOTE 14 – 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 March 31, 2025 and December 31, 2024, the Company’s net operating lease right-of-use assets amounted to $953,082 and $1,279,330, respectively. The Company had variable lease payments of approximately $38,277 and $27,332 during the three months ended March 31, 2025 and 2024, respectively, which consisted primarily of common area maintenance charges and administrative fees.

Operating lease costs included in the general and administrative expenses in our condensed consolidated statements of operations and comprehensive loss for the three months ended March 31, 2025 and 2024, are as follows:

SCHEDULE OF OPERATING LEASE COSTS

		2025				2024
Operating lease costs		$	423,037			$	396,515

Supplemental information related to operating leases for lease liabilities as of March 31, 2025 and March 31, 2024, is as follows:

	2025			2024
Cash paid for amounts included in the measurement of lease liabilities	$	422,537		$	400,662
Weighted average remaining lease term		0.8 years			1.7 years
Weighted average discount rate		5.18	%		5.00	%

Future undiscounted lease payments for operating leases and a reconciliation of these payments to our operating lease liabilities as of March 31, 2025 are as follows:

Years ending December 31,	Future lease payments		Imputed Interest Amount		Lease Liabilities
Remainder of 2025	$	1,055,085	$	17,459	$	1,037,626
2026		24,737		3,455		21,282
2027		25,636		1,778		23,858
2028		13,042		199		12,843
Total future lease payments	$	1,118,500	$	22,891	$	1,095,609

SCHEDULE OF FUTURE AMORTIZATION EXPENSE OF INTANGIBLE ASSETS (Details)	Mar. 31, 2025 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2025	$ 106,511
2026	142,000
2027	142,000
2028	142,000
2029	135,000
Thereafter	1,491,630
Total	$ 2,159,141

Condensed 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]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Treasury Stock, Common [Member]	Parent [Member]	Noncontrolling Interest [Member]
Balance 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
Balance, shares at Dec. 31, 2023							(1,350,275)
Exercise of warrants	523,270	$ 19		523,251				523,270
Balance, shares		189,285
Conversion of notes payable	60,000	$ 7		59,993				60,000
Conversion of notes payable, shares		71,460
Stock based compensation related to restricted stock units	(926,875)			(926,875)				(926,875)
Common stock issued for service		$ 1		(1)
Common stock issued for service, shares		10,869
Foreign currency translation	(19,297)				(19,297)			(19,297)
Net loss	(1,780,458)					(1,779,329)		(1,779,329)	(1,129)
Balance at Mar. 31, 2024	133,989	$ 935	$ 2,875	25,304,692	(273,680)	(15,728,654)	$ (3,671,806)	5,634,362	(5,500,373)
Balance, shares at Mar. 31, 2024		9,357,749	28,748,580
Balance, shares at Mar. 31, 2024							(1,350,275)
Balance at Dec. 31, 2024	$ 4,169,162	$ 962	$ 2,875	25,738,082	(279,457)	(12,117,385)	$ (3,671,806)	9,673,271	(5,504,109)
Balance, shares at Dec. 31, 2024		9,626,070	28,748,580
Balance, shares at Dec. 31, 2024	1,350,275						(1,350,275)
Exercise of warrants	$ 482,113	$ 19		482,094				482,113
Balance, shares		189,285
Stock based compensation related to restricted stock units	843,619			843,619				843,619
Foreign currency translation	33,232				33,232			33,232
Fair value change of convertible notes	22,023				22,023			22,023
Net loss	(1,946,963)					(1,946,007)		(1,946,007)	(956)
Balance at Mar. 31, 2025	$ 3,603,186	$ 981	$ 2,875	$ 27,063,795	$ (224,202)	$ (14,063,392)	$ (3,671,806)	$ 9,108,251	$ (5,505,065)
Balance, shares at Mar. 31, 2025		9,815,355	28,748,580
Balance, shares at Mar. 31, 2025	1,350,275						(1,350,275)

OPERATING LEASE RIGHT-OF-USE ASSETS (Tables)

3 Months Ended

Mar. 31, 2025

Operating Lease Right-of-use Assets

SCHEDULE OF OPERATING LEASE COSTS

		2025				2024
Operating lease costs		$	423,037			$	396,515

SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO OPERATING LEASES

Supplemental information related to operating leases for lease liabilities as of March 31, 2025 and March 31, 2024, is as follows:

	2025			2024
Cash paid for amounts included in the measurement of lease liabilities	$	422,537		$	400,662
Weighted average remaining lease term		0.8 years			1.7 years
Weighted average discount rate		5.18	%		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 March 31, 2025 are as follows:

Years ending December 31,	Future lease payments		Imputed Interest Amount		Lease Liabilities
Remainder of 2025	$	1,055,085	$	17,459	$	1,037,626
2026		24,737		3,455		21,282
2027		25,636		1,778		23,858
2028		13,042		199		12,843
Total future lease payments	$	1,118,500	$	22,891	$	1,095,609

LOSS PER SHARE

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

LOSS PER SHARE

NOTE 16 –LOSS PER SHARE

The Company uses the two class method to compute its basic loss per share (“Basic EPS”) and diluted 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 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, as applicable. 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

	2025			2024
	For the three months ended March 31,
	2025			2024
Basic Loss Per Share:
Net loss attributable to Class A common stockholders	$	(441,731	)	$	(385,722	)
Net loss attributable to Class B common stockholders		(1,504,276	)		(1,393,607	)
Net income (loss) attributable to common stockholders		(1,504,276	)		(1,393,607	)
Total net loss attributable to Snail Inc.	$	(1,946,007	)	$	(1,779,329	)
Class A weighted average shares outstanding - basic		8,442,025			7,957,031
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 per share	$	(0.05	)	$	(0.05	)

Diluted Loss Per Share:
Net loss attributable to Class A common stockholders	$	(521,393	)	$	(385,722	)
Net loss attributable to Class B common stockholders	$	(1,775,558	)	$	(1,393,607	)
Net income (loss) attributable to common stockholders	$	(1,775,558	)	$	(1,393,607	)
Class A weighted average shares outstanding - basic		8,442,025			7,957,031
Dilutive effects of common stock equivalents		799,797			-
Class A weighted average shares outstanding - diluted		9,241,822			7,957,031
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 per Class A share	$	(0.06	)	$	(0.05	)
Diluted loss per Class B share	$	(0.06	)	$	(0.05	)
Diluted earnings (loss) per share	$	(0.06	)	$	(0.05	)

	2025		2024		Method
	For the three months ended March 31,
	2025		2024		Method
Excluded Shares:
Restricted stock units outstanding		1,129,455		1,195,456	Treasury
Equity line of credit warrants		-		367,647	Treasury
Underwriters warrants		120,000		120,000	Treasury
Convertible notes		1,313,632		1,005,212	If-Converted
Convertible notes warrants		-		714,285	Treasury
Antidilutive securities excluded from computation of earnings per share, amount		-		714,285	Treasury

PREPAID EXPENSES - RELATED PARTY (Details Narrative) - USD ($) $ in Millions	Mar. 10, 2023	Mar. 31, 2025	Dec. 31, 2024
ARK Survival Ascended [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Prepaid royalties		$ 4.3
ARK I [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Prepaid royalties			$ 1.7
Software License Agreement [Member] \| ARK Survival Ascended [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Amount prepaid in advance	$ 5.0
Maximum amount payable	$ 5.0

CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH AND CASH EQUIVALENTS (Details Narrative) - USD ($)	Mar. 31, 2025	Dec. 31, 2024
Cash And Cash Equivalents And Restricted Cash And Cash Equivalents
Restricted cash and cash equivalents, noncurrent	$ 935,000	$ 935,000

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3 Months Ended

Mar. 31, 2025

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

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 that are sold digitally, 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 ratably over the estimated service period, or as items are consumed, as applicable to the game (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 or the life of the user.

For the ARK: Survival Ascended and Bob’s Tall Tales games that were sold in a bundle with downloadable content (“DLC”) that have not yet been launched and been reported in deferred revenue in the condensed consolidated balance sheets, the Company has used the adjusted market assessment approach per Accounting Standards Codification (“ASC”) 606-10-32-34 to assign a value for the Company’s remaining performance obligations. 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 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

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 Condensed 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

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 for players of our current software games is generally 30 to 100 days from the date of purchase.

The Company has a long-term title license agreement with a platform which makes ARK 1 available on the platform in perpetuity, and puts ARK II on the platform for three years upon release. The Company 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 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. As of March 31, 2025, the Company has deferred $1.1 million related to ARK II as long-term deferred revenue until the disc releases occur.

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 and last day playing 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. 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”)

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 Condensed Consolidated Financial Statements

Cost of Revenues

Cost of revenues include software license royalty fees, merchant fees, server and database center costs, game licenses, engine fees and amortization costs. Cost of revenues for the three months ended March 31, 2025 and 2024 were comprised of the following:

SCHEDULE OF COST OF REVENUES

	2025		2024
Software license royalties – related parties	$	5,273,727	$	3,274,020
Software license royalties		53,830		162,748
License and amortization – related parties		6,000,000		6,000,000
License and amortization		263,725		201
Merchant fees		554,695		221,449
Engine fees		812,948		961,442
Internet, server and data center		1,295,938		1,400,006
Other		8,482		21,832
Total:	$	14,263,345	$	12,041,698

General and Administrative Costs

General and administrative costs include rent, salaries, stock-based compensation, legal and professional expenses, expenses related to being a publicly traded company, 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 three months ended March 31, 2025 and 2024, general and administrative expenses totaled $4,964,351 and $2,282,040, respectively. Stock based compensation expense (income) of $788,177 and $(862,634) was incurred during the three months ended March 31, 2025 and 2024, respectively.

Advertising and Marketing Costs

The Company expenses advertising and marketing costs as incurred. For the three months ended March 31, 2025 and 2024, advertising and marketing expenses totaled $1,306,365 and $141,030, respectively.

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 three months ended March 31, 2025 and 2024 were $3,609,745 and $1,776,522, respectively. Stock-based compensation expense (income), included in research and development costs, of $55,442 and $(64,241) was incurred during the three months ended March 31, 2025 and 2024, respectively.

Non-controlling Interests

Non-controlling interests on the condensed consolidated balance sheets and condensed consolidated statements of operations and comprehensive loss include the equity allocated to non-controlling interest holders. As of March 31, 2025 and December 31, 2024, 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 Condensed Consolidated Financial Statements

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.

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 risk 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. There were no credit losses recognized during the three months ended March 31, 2025 and 2024.

Film Costs, net

The Company capitalizes costs to produce short videos in accordance with Financial Accounting Standards Board (“FASB”) ASC Topic 926, including direct production costs, production overhead, interest, acquisition costs and development costs. The Company will account for each episodic series as a unit for which capitalized film costs will be amortized by the Company using the individual-film forecast-computation method. Each reporting period the Company will reassess its estimate of ultimate revenues used to determine the amortization rate for each episodic series. If the estimate is revised, the Company will account for the change prospectively. The Company will then remeasure the amortization based on the portion of ultimate revenues that have been recognized and that are yet to be recognized. Unamortized film costs shall be tested for impairment whenever events or changes in circumstances indicate that fair value of the film may be less than its unamortized film costs. If the fair value of an episodic series is less than its unamortized film costs, the Company will write off the excess amount. The Company groups its film and content rights by monetization strategy. As of March 31, 2025 and December 31, 2024, $2,321,496 and $1,512,960, respectively, of film costs are capitalized and included in other noncurrent assets, net in the accompanying condensed consolidated balance sheets. During the three months ended March 31, 2025, $212,709 of film costs were amortized and reported in the cost of revenues in the Company’s condensed consolidated statement of operations and comprehensive loss. There was no film cost amortization in the three months ended March 31, 2024.

Software Development Costs and Licenses

We account for software products intended to be sold, leased or otherwise marketed in accordance with ASC 985. Accordingly, we capitalize costs incurred for internally developed titles and payments made to third-party software developers under development agreements as software. These software development costs may include payroll, materials, and other costs directly related to development activities subsequent to establishing technological feasibility of the software. Significant management judgments are made in the assessment of when technological feasibility is established. Technological feasibility is evaluated on a product-by-product basis. Prior to establishing technological feasibility of a product, we record any costs incurred by their-party developers as research and development expenses.

The Company also enters into agreements with third-party developers that require us to make payments for game development. In exchange for our payments, we receive exclusive licensing and publishing rights to the game titles. These agreements typically include a tiered royalty share between the Company and the developer, net of any shared costs. These agreements are commonly entered into after completing the technical design document, viewing a game play demonstration and verifying they conform with game design documentation. The developers are often experienced with an established track record of past development projects, we monitor the software development process, and establish technological feasibility. We also enter into agreements with third-party developers after completing the technical design documentation and therefore record the design costs leading up to a signed development contract as research and development expense. Accordingly, we may be able to establish technological feasibility of a title early in the development cycle. After technological feasibility is established, we capitalize these software development costs as software licenses.

As of March 31, 2025, the Company capitalized $1,220,743 of software development costs under ASC 985 for various titles, which are included in intangible assets, net, in the Company’s condensed consolidated balance sheets. There were no software development costs capitalized under ASC 985 during the three months ended March 31, 2024.

Fair Value Measurements

The Company follows 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 Condensed 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, short-term loans, accounts receivable and accounts payable. The carrying values of receivables, payables, and other amounts arising out of the normal course of business approximate their fair value due to their short maturities or economic substance. The carrying amount of the Company’s short-term and long-term borrowings, which are considered level 2 liabilities, approximate their fair value based on current rates and terms available to the Company for similar debt. The fair value of the Company’s promissory note has a fixed rate until June 2026, 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 are measured at fair value using a binomial lattice framework and a range of level 3 inputs as described in Note 12 – Revolving Loan, Short Term Notes and Long-Term Debt.

The Company also has liability classified warrants measured at fair value on a recurring basis. During the three months ended March 31, 2025, the Company transitioned its valuation methodology from a Monte Carlo simulation model to a Black-Scholes option-pricing model. The Company had historically valued the warrants using a Monte Carlo simulation due to certain anti dilutive features that are no longer expected to occur. The change represents a change in accounting estimate and is applied prospectively. See Note 17 – Equity for the fair value disclosures related to the Company’s convertible notes, and the Company’s warrant liability and derivative instruments. The Company does not have any other assets or liabilities measured at fair value on a recurring or non-recurring basis as of March 31, 2025 and December 31, 2024.

Amortizable Intangibles and Other Long-lived Assets

The Company’s long-lived assets and other assets consisting of property and equipment and purchased intangible assets, are reviewed for impairment in accordance with the guidance of FASB Topic ASC 360, Property 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 are provided for the tax effects of transactions reported in the condensed 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 condensed consolidated balance sheets in the amount of $265,251 as of March 31, 2025 and December 31, 2024. The Company accrues and recognizes interest and penalties related to unrecognized tax benefits in operating expenses.

Snail Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

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 March 31, 2025 and December 31, 2024, the Company had deposits of $8,932,382 and $6,610,066, respectively, that were not insured by the Federal Deposit Insurance Corporation and are included in the cash and cash equivalents, and restricted cash and cash equivalents, in the accompanying condensed 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 has four customers as of March 31, 2025 and December 31, 2024, who accounted for approximately 84% and 85% of consolidated gross receivables, respectively. Among four customers as of March 31, 2025 and December 31, 2024, each customer accounted for 33%, 27%, 12% and 12% as of March 31, 2025, and 42%, 19%, 14% and 10% as of December 31, 2024 of the consolidated gross receivables outstanding. The Company had four customers in the three months ended March 31, 2025, and 2024, that accounted for 44%, 14%, 14% and 12%, and 37%, 15%, 13% and 11% 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 March 31, 2025 and December 31, 2024, the Company had one vendor who accounted for approximately 24% and 36% of consolidated gross payables, respectively. The loss of this vendor could have a significant impact on the Company’s financial performance.

The Company had one vendor, SDE, a related party, that accounted for 47% and 66% of the Company’s combined cost of revenues and operating expenses during the three months ended March 31, 2025 and 2024, respectively. Amounts payable to SDE are included in accounts receivable – related party in the condensed consolidated balance sheets as of March 31, 2025 and December 31, 2024, respectively. The loss of SDE as a vendor would significantly and adversely affect the Company’s core business.

Recently Issued Accounting Pronouncements

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.

In November 2024, the FASB issued ASU 2024-03, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, to improve the disclosures about a public business entity’s expenses and address requests from investors for more detailed information about the types of expenses in commonly presented expense captions. The amendments in this update are effective for annual periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027, though early adoption is permitted. The Company is evaluating the impact of adopting the new standard.

In November 2024, the FASB issued ASU 2024-04, Debt – Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments, to clarify the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion. The amendments in this update are effective for annual periods beginning after December 15, 2025, and interim reporting periods within show annual periods. Early adoption is permitted for all entities that have adopted the amendments in update 2020-06. The Company is evaluating the impact of adopting the new standard.

Snail Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

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 $32,762 and $24,274 for the three months ended March 31, 2025 and 2024, respectively.

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 did not issue any restricted stock units (“Restricted Stock Units” or “restricted stock units”) during the three months ended March 31, 2025, and 2024. 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 March 31, 2025 and December 31, 2024, there were 4,521,068 and 4,508,239 shares reserved for issuance under the 2022 Plan, respectively.

Restricted Stock Units

The Company granted restricted stock units under our 2022 Omnibus Incentive Plan to employees during the initial public offering and grants restricted stock units under the plan to directors over certain periods. 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.

Warrants

The Company accounts for Warrants as either equity-classified or liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance in FASB ASC 480, Distinguishing Liabilities from Equity (“ASC 480”) and ASC 815, Derivatives and Hedging (“ASC 815”). The assessment considers whether the Warrants are freestanding financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and whether the Warrants meet all of the requirements for equity classification under ASC 815, including whether the Warrants are indexed to the Company’s own shares of Class A common stock and whether the warrant holders could potentially require “net cash settlement” in a circumstance outside of the Company’s control, among other conditions for equity classification. This assessment, which requires the use of professional judgment, is conducted at the time of warrant issuance and as of each subsequent quarterly period end date while the Warrants are outstanding.

For issued or modified Warrants that meet all of the criteria for equity classification, the Warrants are required to be recorded as a component of equity at the time of issuance. For issued or modified Warrants that do not meet all the criteria for equity classification, the Warrants are required to be recorded as liabilities at their initial fair value on the date of issuance, and each balance sheet date thereafter. Changes in the estimated fair value of the Warrants are recognized as a non-cash gain or loss on the statements of operations. Each of the outstanding warrants is convertible on a one-for-one basis into the Company’s common stock and are fully exercisable as of March 31, 2025. A summary of our outstanding warrants as of March 31, 2025 is included below:

SUMMARY OF OUTSTANDING WARRANTS

Number Outstanding

Exercise Price

Class

Expiration Date

Equity line of credit warrants

334,314

1.50

Liability

August 24, 2028

Convertible notes warrants

1,216,185

.84

Liability

November 24, 2028

Underwriters warrants

120,000

6.25

Equity

November 9, 2025

Total warrants:

1,670,499

A summary of our outstanding warrants as of December 31, 2024 is included below:

Number Outstanding

Exercise Price

Class

Expiration Date

Equity line of credit warrants

334,314

1.50

Liability

August 24, 2028

Convertible notes warrants

1,405,470

.84

Liability

November 24, 2028

Underwriters warrants

120,000

6.25

Equity

November 9, 2025

Total warrants:

1,859,784

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 condensed consolidated balance sheets under treasury stock. No treasury stock was sold during the three months ended March 31, 2025 and 2024. As of March 31, 2025 and December 31, 2024, 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 Condensed Consolidated Financial Statements

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 computation of diluted EPS for the period assumes the potential dilutive effect of potential common shares, which includes common shares, consisting of (a) unvested restricted stock units and warrants using the treasury stock method, and (b) convertible debt using the if-converted method. The Company issues two classes of common stock with differing voting rights, and as such, reports EPS using the dual class method. For more information see Note 15 –Loss Per Share.

Dividend Restrictions

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

SCHEDULE OF ACCOUNTS PAYABLE- RELATED PARTIES (Details) - USD ($)	Mar. 31, 2025	Dec. 31, 2024
Suzhou [Member]
Defined Benefit Plan Disclosure [Line Items]
Total accounts payable – related party	$ 53,331,513	$ 52,998,084
Less: accounts receivable - Suzhou	(37,614,913)	(37,614,913)
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Total accounts payable – related party	$ 15,716,600	$ 15,383,171

SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2025

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 19 – SUBSEQUENT EVENTS

●

In April 2025 the Company entered into a memorandum of understanding with Mega Matrix Inc. for the joint development, production, and global distribution of short dramas.

EQUITY

3 Months Ended

Mar. 31, 2025

Equity [Abstract]

EQUITY

NOTE 17 – 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.

In connection with our IPO, on November 9, 2022, the Company issued to the Underwriters warrants to purchase 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 Quarterly Report.

Snail Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

The Underwriters Warrants are legally detachable and separately exercisable from the Class A common stock; 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 were issued to the Underwriters for their services and can be exercised immediately (subject to certain transfer conditions) they were 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.

Convertible Note Warrants

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 liabilities and are included in the accrued expenses and other liabilities in the condensed consolidated balance sheets. The Convertible Note Warrants may require partial cash settlement in the future, include various adjustment provisions, meet the definition of a derivative and are classified as a liability, as such the warrants are measured at fair value in accordance with ASC 815 – “Derivatives and Hedging”.

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 condensed consolidated balance sheet. In January 2024 there was a conversion which triggered anti-dilutive features of the convertible note warrants, decreasing the exercise price and increasing the number of outstanding convertible notes warrants to 1,607,849. The fair value of the warrants at issuance has been estimated using a Black-Scholes pricing model as of March 31, 2025 and a Monte Carlo pricing model as of December 31, 2024 as follows:

SCHEDULE OF FAIR VALUE OF WARRANTS

	March 31, 2025			December 31, 2024
Stock price	$	0.88		$	1.86
Exercise price	$	0.84		$	0.84
Contractual term (years)		3.65			3.65
Volatility		80.0	%		60.0	%
Risk-free rate		3.91	%		4.31	%

Expected volatility is the estimate of the expected volatility of the Company’s Class A common stock, based on the Company’s weekly trading history then reduced by 5% as it is generally accepted that market participants to not pay for the full volatility.

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. The measured fair value may be uncertain due to the use of unobservable inputs. At March 31, 2025 and December 31, 2024, the fair value of the warrant liability was $637,139 and $1,448,109, respectively, and was included in the accrued expenses and other liabilities in the Company’s condensed consolidated balance sheets. The changes in fair value during the three months ended March 31, 2025, amounted to an income of $615,943 included in other income in our condensed consolidated statements of operations and comprehensive loss. The changes in fair value during the three months ended March 31, 2024, amounted to a charge of $5,101 included in other income in our condensed consolidated statements of operations and comprehensive loss.

During the three months ended March 31, 2025, the Investors exercised 189,285 warrants, for which the Company received $159,000 in proceeds and recorded a loss of $128,085 upon revaluation of the exercised warrants. The loss is included in other income in our condensed consolidated statements of operations and comprehensive loss. There were no such exercises during the three months ended March 31, 2024. As of March 31, 2025, 391,664 of the convertible notes warrants have been exercised.

Snail Inc. and Subsidiaries

Notes to Condensed 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. As of March 31, 2025, the Company has not sold any Class A common stock under the Equity Line Purchase Agreement.

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 condensed consolidated balance sheets.

Equity Line Warrants

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 condensed consolidated balance sheets. The Equity Line Warrants may require partial cash settlement in the future, include various adjustment provisions, meet the definition of a derivative and are classified as a liability, as such the warrants are measured at fair value in accordance with ASC 815 – “Derivatives and Hedging”.

The Investors warrants allow them to purchase the 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 has been estimated using a Black-Scholes pricing model as of March 31, 2025 and a Monte Carlo pricing model as of December 31, 2024 as follows:

SCHEDULE OF FAIR VALUE OF WARRANTS

	March 31, 2025			December 31, 2024
Stock price	$	0.88		$	1.86
Exercise price	$	1.50		$	1.50
Contractual term (years)		3.40			3.65
Volatility		85.0	%		60.0	%
Risk-free rate		3.90	%		4.31	%

Expected volatility is the estimate of the expected volatility of the Company’s Class A common stock, based on the Company’s weekly trading history then reduced by 5%.

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 March 31, 2025 and December 31, 2024, the fair value of the warrant liability was $140,343 and $292,004 respectively, and included in the accrued expenses and other liabilities in the Company’s condensed consolidated balance sheets. The changes in fair value during the three months ended March 31, 2025 and 2024, amounted to income of $151,661 and $9,620, respectively, and is included in other income in our condensed consolidated statements of operations and comprehensive loss. As of March 31, 2025, 33,333 warrants have been exercised.

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. There was no RSU units’ activity with directors for the three months ended March 31, 2025. The following table summarizes our RSU units’ activity with directors for the three months ended March 31, 2024.

	Restricted Stock Units			Weighted- Average Grant-Date Fair Values
Outstanding as of January 1, 2024		43,478		$	1.38
Granted		—			—
Vested		(10,869	)		3.87
Forfeited or cancelled		—			—
Outstanding as of March 31, 2024		32,609		$	1.38

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 Condensed 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 three months ended March 31, 2025 and 2024.

	Restricted Stock Units			Weighted- Average Grant-Date Fair Values
Outstanding as of January 1, 2025		1,142,284		$	5.00
Granted		—			—
Vested		—			—
Forfeited or cancelled		(12,829	)		(5.00	)
Outstanding as of March 31, 2025		1,129,455		$	5.00

	Restricted Stock Units			Weighted- Average Grant-Date Fair Values
Outstanding as of January 1, 2024		1,165,247		$	5.00
Granted		—			—
Vested		—			—
Forfeited or cancelled		(2,400	)		(5.00	)
Outstanding as of March 31, 2024		1,162,847		$	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

As of March 31, 2025, 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.

There were no share repurchases made during the three months ended March 31, 2025 and March 31, 2024.

Stock-Based Compensation Expense (Income)

During the three months ended March 31, 2024, the Company determined that it is probable that the Company will not meet the performance-based milestones required by the RSU’s granted to employees. Conversely, during the three months ended March 31, 2025, the Company determined that it is probable it will meet the performance-based milestones required by said RSU’s. Accordingly, the Company reversed the previously recognized compensation expense related to RSU’s during the three months ended March 31, 2024, then recognized a proportionate expense for the revised performance milestone. Stock-based compensation expense (income) resulting from RSUs and PSUs of $788,177 and $(862,634) are recorded under general and administrative expenses included in our condensed consolidated statements of operations and comprehensive loss for the three months ended March 31, 2025 and 2024, respectively. Stock-based compensation expense (income) resulting from PSUs of $55,442 and $(64,241) are recorded under research and development expenses included in our condensed consolidated statements of operations and comprehensive loss for the three months ended March 31, 2025 and 2024, respectively.

Snail Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

During the three months ended March 31, 2025 and 2024, the Company recognized approximately $175,291 of deferred income tax expense, and $194,644 of deferred income tax expense, respectively, related to our stock-based compensation expense.

As of March 31, 2025, our total unrecognized compensation cost related to RSUs and PSUs was approximately $1.0 million and is expected to be recognized over a weighted-average service period of 1.7 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
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-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

+ Details

LOAN AND INTEREST RECEIVABLE — RELATED PARTY (Details Narrative) - USD ($)	1 Months Ended		3 Months Ended
	Feb. 28, 2022	Feb. 28, 2021	Mar. 31, 2025	Mar. 31, 2024	Dec. 31, 2024
Subsidiary of Suzhou Snail [Member]
Defined Benefit Plan Disclosure [Line Items]
Loan to related party		$ 200,000
Percentage of loan interest	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			$ 106,252		$ 105,759
Interest income earned			$ 493	$ 499

ACCOUNTS RECEIVABLE (PAYABLE) – RELATED PARTY

3 Months Ended

Mar. 31, 2025

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, Co-Chief Executive Officer, 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, internet, server, and datacenter costs (“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 is presented as a long-term asset. During the three months ended March 31, 2025 and 2024, the Company made cash payments to SDE in the amount of $9.4 million and $16.8 million, respectively, and anticipates continuing to make cash payments to SDE in future years. As of March 31, 2025 and December 31, 2024, the outstanding balance of net accounts receivable from related party was as follows:

	2025			2024
Accounts receivable – related party	$	6,000,592		$	7,500,592
Less: accounts payable – related party		(4,667,133	)		(3,663,726	)
Net accounts receivable - related party		1,333,459			3,836,866
Less: accounts receivable – related party, net of current portion		(592	)		(1,500,592	)
Net accounts receivable - related party, current	$	1,332,867		$	2,336,274

Snail Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

SCHEDULE OF OPERATING LEASE COSTS (Details) - USD ($)	3 Months Ended
SCHEDULE OF OPERATING LEASE COSTS (Details) - USD ($)	Mar. 31, 2025	Mar. 31, 2024
Operating Lease Right-of-use Assets
Operating lease costs	$ 423,037	$ 396,515

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

3 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

SCHEDULE OF LONG TERM DEBT

	March 31, 2025		December 31, 2024
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 revolving maturity date of the revolving loan is extended to June 30, 2025, and has an annual interest rate equal to the prime rate less 0.25%. At March 31, 2025, the interest rate on this loan was 7.25%. 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 in compliance with the debt covenants of this loan for the trailing twelve month period ended March 31, 2025 and is expected to be in non-compliance in the next quarter.	$	3,000,000	$	3,000,000
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, 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 in compliance with the debt covenants of this loan for the trailing twelve month period ended March 31, 2025 and is expected to be in non-compliance within the next twelve months.		2,701,003		2,722,549
2025 Convertible Notes – On February 21, 2025, the Company issued convertible notes at a 10.0% discount and a principal balance of $3,300,000. The notes had an interest rate of 5.0% and will be paid in consecutive monthly installments beginning May 21, 2025 and will mature on February 21, 2026. In the event of a default the Company could be required to pay to the holders an amount equal to the principal outstanding, plus any accrued interest through the date of payments, multiplied by 120%. 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 elected the fair value option to account for the convertible notes and recognized a fair value adjustment of $145,482 on the notes during the three months ended March 31, 2025.		2,854,518		-
Total debt		8,555,521		5,722,549
Less: current portion of promissory note		2,701,003		2,722,549
Less: revolving loan		3,000,000		3,000,000
Less: convertible notes at fair value		2,854,518		-
Total long-term debt	$	-	$	-

SCHEDULE OF FUTURE MINIMUM PAYMENTS OF LONG TERM DEBT

The following table provides future minimum payments of its long-term debt based on contractual payments, as of March 31, 2025:

Years ending December 31,	Amount
Remainder of 2025	$	5,711,467
2026		742,115
2027		92,329
2028		95,414
2029		99,101
Thereafter		2,260,577
Long term debt	$	9,001,003

SCHEDULE OF CHANGE IN FAIR VALUE


Fair value, at issuance	$	3,000,000
Change in fair value		(145,482	)
Fair value at March 31, 2025	$	2,854,518

SCHEDULE OF FAIR VALUE THE RANGE OF LEVEL 3 INPUTS

	March 31, 2025			February 21, 2025
Stock price	$	0.88		$	2.09
Exercise price		92% VWAP or $5.00			92% VWAP or $5.00
Contractual term (years)		0.14-0.90			0.24-1.00
Volatility		124.8% - 181.0	%		117.0% - 190.9	%
Risk-free rate		4.03% - 4.32	%		4.11% - 4.29	%

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B

Reference 3: http://www.xbrl.org/2003/role/exampleRef
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-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
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+ Details

SCHEDULE OF DISAGGREGATION OF REVENUE (Details) - USD ($)	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers:	$ 20,110,872	$ 14,115,729
Sales Channel Directly To Consumer Digital Online Sale [Member]
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers:	17,313,716	11,107,540
Sales Channel Directly To Consumer Mobile Sale [Member]
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers:	2,347,233	962,941
Sales Channel, Through Intermediary [Member]
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers:	449,923	2,045,248
Console [Member]
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers:	8,305,578	6,002,817
PC [Member]
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers:	9,008,138	5,104,723
Mobile [Member]
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers:	2,347,233	962,941
Manufactured Product, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers:	449,923	2,045,248
Platform One [Member]
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers:	8,762,894	4,989,586
Platform Two [Member]
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers:	2,735,268	2,072,190
Platform Three [Member]
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers:	5,173,560	3,387,104
Platform Four [Member]
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers:	395,596	542,882
Service, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers:	3,043,554	3,123,967
UNITED STATES
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers:	17,301,686	11,898,607
Non-US [Member]
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers:	2,809,186	2,217,122
Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers:	1,817,808	2,535,834
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers:	$ 18,293,064	$ 11,579,895

SCHEDULE OF SEGMENT REVENUE, OPERATING PROFIT AND SIGNIFICANT EXPENSES (Details) - USD ($)	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Segment Reporting Information [Line Items]
Revenues, net	$ 20,110,872	$ 14,115,729
Cost of revenues	14,263,345	12,041,698
Gross profit	5,847,527	2,074,031
Operating expenses:
General and administrative	4,964,351	2,282,040
Research and development	3,609,745	1,776,522
Advertising and marketing	1,306,365	141,030
Depreciation	67,904	82,338
Total operating expenses	9,948,365	4,281,930
Loss from operations	(4,100,838)	(2,207,899)
Total other income (expense), net	683,045	(50,509)
Loss before benefit from income taxes	(3,417,793)	(2,258,408)
Benefit from income taxes	(1,470,830)	(477,950)
Net loss	(1,946,963)	(1,780,458)
Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues, net	20,110,872	14,115,729
Cost of revenues	14,263,345	12,041,698
Gross profit	5,847,527	2,074,031
Operating expenses:
Salaries and Wages	2,599,493	542,389
Public Company Expenses	163,506	100,650
General and administrative	2,201,352	1,639,001
Research and development	3,609,745	1,776,522
Advertising and marketing	1,306,365	141,030
Depreciation	67,904	82,338
Total operating expenses	9,948,365	4,281,930
Loss from operations	(4,100,838)	(2,207,899)
Total other income (expense), net	683,045	(50,509)
Loss before benefit from income taxes	(3,417,793)	(2,258,408)
Benefit from income taxes	(1,470,830)	(477,950)
Net loss	$ (1,946,963)	$ (1,780,458)

Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Cash flows from operating activities:
Net loss	$ (1,946,963)	$ (1,780,458)
Adjustments to reconcile net loss to net cash provided by operating activities:
Amortization - intangible assets, net	35,516	200
Amortization – film assets	212,709
Amortization - loan origination fees and debt discounts	(1,889)	47,729
Accretion – convertible notes		181,754
Gain on change in fair value of convertible notes	(117,105)
Gain on change in fair value of warrant liabilities	(639,518)
Depreciation - property and equipment	67,904	82,338
Stock-based compensation expense (income)	843,619	(926,875)
Deferred taxes, net	(2,041,515)	(555,781)
Changes in assets and liabilities:
Accounts receivable	696,553	17,759,629
Accounts receivable - related party	2,503,407	(1,085,213)
Prepaid expenses - related party	(544,532)	(1,351,838)
Prepaid expenses and other current assets	377,962	(1,779,508)
Prepaid taxes	143,451	70,407
Other noncurrent assets	(656,562)
Accounts payable	(198,705)	(1,938,654)
Accounts payable - related party	623,430	(6,143,374)
Accrued expenses and other liabilities	(650,236)	(461,311)
Loan and interest receivable - related party	(493)	(499)
Lease liabilities	(80,510)	(64,821)
Deferred revenue	2,138,026	4,723,462
Net cash provided by operating activities	764,549	6,777,187
Cash flows from investing activities:
Acquisition of software	(290,000)
Acquisition of software licenses	(1,412,000)
Investments in software	(177,002)
Net cash used in investing activities	(1,879,002)
Cash flows from financing activities:
Repayments on promissory note	(21,546)	(20,484)
Repayments on notes payable		(2,333,333)
Repayments on convertible notes		(269,550)
Repayments on revolving loan		(3,000,000)
Cash proceeds from exercise of warrants	159,000
Proceeds from issuance of convertible notes	3,000,000
Payments of capitalized offering costs		(262,914)
Net cash provided by (used in) financing activities	3,137,454	(5,886,281)
Effect of foreign currency translation on cash and cash equivalents	32,171	(19,186)
Net increase in cash and cash equivalents, and restricted cash and cash equivalents	2,055,172	871,720
Cash and cash equivalents, and restricted cash and cash equivalents - beginning of the period	8,238,944	16,314,319
Cash and cash equivalents, and restricted cash and cash equivalents – end of the period	10,294,116	17,186,039
Cash paid during the period for:
Interest	97,260	171,101
Income taxes	184,707	1,871
Noncash transactions during the period for:
Debt converted to equity		(60,000)
Liabilities converted to equity upon exercise of warrants	323,113
Acquisition of film licenses in accounts payable	152,000
Acquisition of software and software licenses in accounts payable and accrued expenses	51,741
Change in fair value of notes recorded in accumulated other comprehensive income	$ 22,023

ACCOUNTS PAYABLE — RELATED PARTY

3 Months Ended

Mar. 31, 2025

Accounts Payable Related Party

ACCOUNTS PAYABLE — RELATED PARTY

NOTE 10 – ACCOUNTS PAYABLE — RELATED PARTY

Accounts payable due to related parties represents payables in the ordinary course of business primarily for purchases of game distribution licenses, research and development costs and also the royalties due to Suzhou Snail. In July 2024, the Company entered into another software development, publishing and distribution agreement with Suzhou Snail. Under the terms of the agreements Suzhou Snail will develop a game for distribution by the Company and the Company will make $4.5 million in milestone payments during the development of the game and an ongoing royalty on sales of the game. The Company made $0.5 million in milestone payments under the July contract, in 2025. In December 2024, the Company entered into an agreement with Suzhou Snail for the development of an application to deliver short film content to end users. In accordance with the agreement Suzhou Snail will develop the app for release and will receive $290,000 as a development fee. As of March 31, 2025 and December 31, 2024, the development fee has been capitalized as an intangible asset in the Company’s condensed consolidated balance sheets.

In January 2025, the Company extended its outsource agreement with Suzhou Snail for the research and development of For the Stars. In consideration, the Company will pay Suzhou Snail twelve equal monthly payments of $340,600, beginning on January 1, 2025. During the three months ended March 31, 2025 and 2024, the Company incurred $35,829 and $47,105, respectively as license costs due to Suzhou Snail that are included in cost of revenues. During the three months ended March 31, 2025 and 2024, respectively, the Company incurred $1,521,800 and $759,000 of research and development costs from Suzhou Snail; and made $1,724,200 and $1,575,000 in payments to Suzhou Snail for royalties and research and development costs. The royalty payments are included in costs of revenues and research and development costs are included in operating expenses in the consolidated statements of operations and comprehensive loss or intangible assets, net in the condensed consolidated balance sheets. Accounts payable – related party consisted of the following as of March 31, 2025 and December 31, 2024:

	2025			2024
Accounts payable - Suzhou	$	53,331,513		$	52,998,084
Less: accounts receivable - Suzhou		(37,614,913	)		(37,614,913	)
Total accounts payable – related party	$	15,716,600		$	15,383,171

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2025	Dec. 31, 2024
Current Assets:
Cash and cash equivalents	$ 9,359,116	$ 7,303,944
Prepaid expenses - related party	2,536,748	2,521,291
Prepaid expenses and other current assets	1,468,062	1,846,024
Prepaid taxes	7,174,973	7,318,424
Total current assets	31,096,287	31,246,538
Restricted cash and cash equivalents	935,000	935,000
Prepaid expenses - related party, net of current portion	9,907,669	9,378,594
Property and equipment, net	4,310,448	4,378,352
Intangible assets, net	2,159,141	973,914
Deferred income taxes	12,852,299	10,817,112
Other noncurrent assets, net	2,282,709	1,683,932
Operating lease right-of-use assets, net	953,082	1,279,330
Total assets	64,497,227	62,193,364
Current Liabilities:
Accrued expenses and other liabilities	2,886,414	4,499,280
Interest payable - related parties	527,770	527,770
Revolving loan	3,000,000	3,000,000
Convertible notes at fair value	2,854,518
Current portion of long-term promissory note	2,701,003	2,722,548
Current portion of deferred revenue	3,864,474	3,947,559
Current portion of operating lease liabilities	1,042,688	1,444,385
Total current liabilities	36,834,870	36,181,080
Accrued expenses	265,251	265,251
Deferred revenue, net of current portion	23,740,999	21,519,888
Operating lease liabilities, net of current portion	52,921	57,983
Total liabilities	60,894,041	58,024,202
Commitments and contingencies
Stockholders’ Equity:
Additional paid-in capital	27,063,795	25,738,082
Accumulated other comprehensive loss	(224,202)	(279,457)
Accumulated deficit	(14,063,392)	(12,117,385)
Treasury stock at cost (1,350,275 shares as of March 31, 2025 and December 31, 2024)	(3,671,806)	(3,671,806)
Total Snail, Inc. equity	9,108,251	9,673,271
Noncontrolling interests	(5,505,065)	(5,504,109)
Total stockholders’ equity	3,603,186	4,169,162
Total liabilities, noncontrolling interests and stockholders’ equity	64,497,227	62,193,364
Common Class A [Member]
Stockholders’ Equity:
Common stock, value	981	962
Common Class B [Member]
Stockholders’ Equity:
Common stock, value	2,875	2,875
Nonrelated Party [Member]
Current Assets:
Accounts receivable	9,118,269	9,814,822
Current Liabilities:
Accounts payable	4,241,403	4,656,367
Related Party [Member]
Current Assets:
Accounts receivable	1,332,867	2,336,274
Loan and interest receivable - related party	106,252	105,759
Accounts receivable – related party, net of current portion	592	1,500,592
Current Liabilities:
Accounts payable	$ 15,716,600	$ 15,383,171

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

3 Months Ended

Mar. 31, 2025

Cash And Cash Equivalents And Restricted Cash And Cash Equivalents

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

	2025		2024
Cash and cash equivalents	$	9,359,116	$	16,068,729
Restricted cash and cash equivalents		935,000		1,117,310
Cash and cash equivalents, and restricted cash and cash equivalents	$	10,294,116	$	17,186,039

SCHEDULE OF FUTURE MINIMUM PAYMENTS OF LONG TERM DEBT (Details)	Mar. 31, 2025 USD ($)
Debt Disclosure [Abstract]
Remainder of 2025	$ 5,711,467
2026	742,115
2027	92,329
2028	95,414
2029	99,101
Thereafter	2,260,577
Long term debt	$ 9,001,003

- Definition

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

+ References + Details

SCHEDULE OF EQUITY INTEREST AND NON CONTROLLING INTEREST IN SUBSIDIARIES (Details)	Mar. 31, 2025	Dec. 31, 2024
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%

Pay vs Performance Disclosure - USD ($)	3 Months Ended
Pay vs Performance Disclosure - USD ($)	Mar. 31, 2025	Mar. 31, 2024
Pay vs Performance Disclosure [Table]
Net Income (Loss)	$ (1,946,007)	$ (1,779,329)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
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-Name Accounting Standards Codification
-Section 50
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-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2025	Mar. 31, 2024	Dec. 31, 2024	Dec. 31, 2023	Nov. 10, 2022
Product Information [Line Items]
Deferred revenue, net of current portion	$ 23,740,999	$ 17,102,747	$ 21,519,888
Contract with Customer, Liability, Revenue Recognized	1,278,631	2,535,834
General and administrative expenses	4,964,351	2,282,040
Advertising and marketing cost	1,306,365	141,030
Research and development	3,609,745	1,776,522
Film costs	2,321,496		1,512,960
Film costs amortized	212,709
Software development costs	1,220,743
Liabilities for uncertain tax positions	265,251		265,251
Deposits not insured by FDIC	8,932,382		$ 6,610,066
Employer contributions to the plan	$ 32,762	$ 24,274
Number outstanding	1,670,499		1,859,784
Common Class A [Member]
Product Information [Line Items]
Shares remain available for repurchase, amount	$ 1,300,000
Omnibus Incentive Plan (2022 Plan) [Member]
Product Information [Line Items]
Number of shares authorized for issuance				5,718,000
Number of shares available for issuance	4,521,068		4,508,239	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 for repurchase					$ 5,000,000
Number of shares repurchased	1,350,275		1,350,275
Aggregate purchase price of shares repurchased	$ 3,700,000		$ 3,700,000
Average price paid per share for repurchase of shares	$ 2.72		$ 2.72
Shares remain available for repurchase, amount	$ 1,300,000		$ 1,300,000
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Four Customers [Member]
Product Information [Line Items]
Concentration percentage	84.00%		85.00%
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Customer One [Member]
Product Information [Line Items]
Concentration percentage	33.00%		42.00%
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Customer Two [Member]
Product Information [Line Items]
Concentration percentage	27.00%		19.00%
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Customer Three [Member]
Product Information [Line Items]
Concentration percentage	12.00%		14.00%
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Customer Four [Member]
Product Information [Line Items]
Concentration percentage	12.00%		10.00%
Revenue Benchmark [Member] \| Customer Concentration Risk [Member] \| Customer One [Member]
Product Information [Line Items]
Concentration percentage	44.00%	37.00%
Revenue Benchmark [Member] \| Customer Concentration Risk [Member] \| Customer Two [Member]
Product Information [Line Items]
Concentration percentage	14.00%	15.00%
Revenue Benchmark [Member] \| Customer Concentration Risk [Member] \| Customer Three [Member]
Product Information [Line Items]
Concentration percentage	14.00%	13.00%
Revenue Benchmark [Member] \| Customer Concentration Risk [Member] \| Customer Four [Member]
Product Information [Line Items]
Concentration percentage	12.00%	11.00%
Accounts Payable [Member] \| Supplier Concentration Risk [Member] \| One Vendor [Member]
Product Information [Line Items]
Concentration percentage	24.00%		36.00%
Cost of Revenues and Operating Expenses [Member] \| Supplier Concentration Risk [Member] \| SDE Inc [Member]
Product Information [Line Items]
Concentration percentage	47.00%	66.00%
Promissory Note [Member]
Product Information [Line Items]
Floating prime rate	0.50%
General and Administrative Expense [Member]
Product Information [Line Items]
Stock-based compensation expense (income)	$ 788,177	$ (862,634)
Research and Development Expense [Member]
Product Information [Line Items]
Stock-based compensation expense (income)	55,442	$ (64,241)
Long-term Title License Agreement [Member] \| ARK II [Member]
Product Information [Line Items]
Deferred revenue, net of current portion	2,300,000
Distribution Agreement [Member]
Product Information [Line Items]
Contract with Customer, Liability, Revenue Recognized	$ 1,100,000
Equity Line Purchase Agreement [Member]
Product Information [Line Items]
Number outstanding	334,314		334,314
Exercise Price	$ 1.50		$ 1.50
Expiration date	Aug. 24, 2028		Aug. 24, 2028
Convertible Notes Warrants [Member]
Product Information [Line Items]
Number outstanding	1,216,185		1,405,470
Exercise Price	$ 0.84		$ 0.84
Expiration date	Nov. 24, 2028		Nov. 24, 2028
Underwriter Warrants [Member]
Product Information [Line Items]
Number outstanding	120,000		120,000
Exercise Price	$ 6.25		$ 6.25
Expiration date	Nov. 09, 2025		Nov. 09, 2025
Minimum [Member]
Product Information [Line Items]
Typical customer terms	30 days
Maximum [Member]
Product Information [Line Items]
Typical customer terms	75 days

INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2025

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 March 31, 2025 and December 31, 2024:

SCHEDULE OF INTANGIBLE ASSETS

	March 31, 2025
	Gross									Weighted
	Carrying		Accumulated			Impairment		Net Book		Average
	Amount		Amortization			Loss		Value		Useful Life
Software and license rights from related parties	$	136,665,000	$	(136,665,000	)	$	—	$	-	3 - 5 years
License rights		4,416,566		(3,028,000	)		—		1,388,566	5 years
Software		565,961		(66,284	)		—		499,677	3 - 5 years
Trademark		10,745		(10,733	)		—		12	12 years
In-progress patent		270,886		—			—		270,886
Total:	$	141,929,158	$	(139,770,017	)	$	—	$	2,159,141

	December 31, 2024
	Gross									Weighted
	Carrying		Accumulated			Impairment		Net Book		Average
	Amount		Amortization			Loss		Value		Useful Life
Software and license rights from related parties	$	136,955,000	$	(136,665,000	)	$	—	$	290,000	3 - 5 years
License rights		3,420,000		(3,007,000	)		—		413,000	5 years
Software		51,784		(51,784	)		—		-	3 - 5 years
Trademark		10,745		(10,717	)		—		28	12 years
In-progress patent		270,886		—			—		270,886
Total:	$	140,708,415	$	(139,734,501	)	$	—	$	973,914

SCHEDULE OF FUTURE AMORTIZATION EXPENSE OF INTANGIBLE ASSETS

Years ending December 31,	Amount
Remainder of 2025	$	106,511
2026		142,000
2027		142,000
2028		142,000
2029		135,000
Thereafter		1,491,630
Total	$	2,159,141

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

3 Months Ended

Mar. 31, 2025

Accounting Policies [Abstract]

Revenue Recognition

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 ratably over the estimated service period, or as items are consumed, as applicable to the game (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 or the life of the user.

	●	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

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 Condensed Consolidated Financial Statements

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.

Estimated Service Period

Estimated Service Period

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

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

Snail Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

Cost of Revenues

Cost of Revenues

SCHEDULE OF COST OF REVENUES

	2025		2024
Software license royalties – related parties	$	5,273,727	$	3,274,020
Software license royalties		53,830		162,748
License and amortization – related parties		6,000,000		6,000,000
License and amortization		263,725		201
Merchant fees		554,695		221,449
Engine fees		812,948		961,442
Internet, server and data center		1,295,938		1,400,006
Other		8,482		21,832
Total:	$	14,263,345	$	12,041,698

General and Administrative Costs

General and Administrative Costs

Advertising and Marketing Costs

Advertising and Marketing Costs

The Company expenses advertising and marketing costs as incurred. For the three months ended March 31, 2025 and 2024, advertising and marketing expenses totaled $1,306,365 and $141,030, respectively.

Research and Development

Research and Development

Non-controlling Interests

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 Condensed Consolidated Financial Statements

Cash and Cash Equivalents and Restricted Cash and Cash Equivalents

Cash and Cash Equivalents and Restricted Cash and Cash Equivalents

Accounts Receivable

Accounts Receivable

Film Costs, net

Film Costs, net

Software Development Costs and Licenses

Software Development Costs and Licenses

Fair Value Measurements

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 Condensed Consolidated Financial Statements

Amortizable Intangibles and Other Long-lived Assets

Amortizable Intangibles and Other Long-lived Assets

Income Taxes

Income Taxes

Snail Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

Concentration of Credit Risk and Significant Customers

Concentration of Credit Risk and Significant Customers

Recently Issued Accounting Pronouncements

Recently Issued Accounting Pronouncements

Snail Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

Employee Savings Plans

Employee Savings Plans

Stock-Based Compensation

Stock-Based Compensation

Restricted Stock Units

Restricted Stock Units

Warrants

Warrants

SUMMARY OF OUTSTANDING WARRANTS

Number Outstanding

Exercise Price

Class

Expiration Date

Equity line of credit warrants

334,314

1.50

Liability

August 24, 2028

Convertible notes warrants

1,216,185

.84

Liability

November 24, 2028

Underwriters warrants

120,000

6.25

Equity

November 9, 2025

Total warrants:

1,670,499

A summary of our outstanding warrants as of December 31, 2024 is included below:

Number Outstanding

Exercise Price

Class

Expiration Date

Equity line of credit warrants

334,314

1.50

Liability

August 24, 2028

Convertible notes warrants

1,405,470

.84

Liability

November 24, 2028

Underwriters warrants

120,000

6.25

Equity

November 9, 2025

Total warrants:

1,859,784

Share Repurchase Program

Share Repurchase Program

Snail Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

Earnings (loss) Per Share

Earnings (loss) Per Share

Dividend Restrictions

Dividend Restrictions

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

INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 9 – INTANGIBLE ASSETS

Intangible assets consist of game licenses, game software underlying intellectual property rights, internally developed software, 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 March 31, 2025 and December 31, 2024:

SCHEDULE OF INTANGIBLE ASSETS

	March 31, 2025
	Gross									Weighted
	Carrying		Accumulated			Impairment		Net Book		Average
	Amount		Amortization			Loss		Value		Useful Life
Software and license rights from related parties	$	136,665,000	$	(136,665,000	)	$	—	$	-	3 - 5 years
License rights		4,416,566		(3,028,000	)		—		1,388,566	5 years
Software		565,961		(66,284	)		—		499,677	3 - 5 years
Trademark		10,745		(10,733	)		—		12	12 years
In-progress patent		270,886		—			—		270,886
Total:	$	141,929,158	$	(139,770,017	)	$	—	$	2,159,141

	December 31, 2024
	Gross									Weighted
	Carrying		Accumulated			Impairment		Net Book		Average
	Amount		Amortization			Loss		Value		Useful Life
Software and license rights from related parties	$	136,955,000	$	(136,665,000	)	$	—	$	290,000	3 - 5 years
License rights		3,420,000		(3,007,000	)		—		413,000	5 years
Software		51,784		(51,784	)		—		-	3 - 5 years
Trademark		10,745		(10,717	)		—		28	12 years
In-progress patent		270,886		—			—		270,886
Total:	$	140,708,415	$	(139,734,501	)	$	—	$	973,914

Amortization expense was $35,516 and $200 for the three months ended March 31, 2025 and 2024, respectively. These amounts are included in cost of revenues in the accompanying consolidated statements of operations and comprehensive loss. The weighted average remaining useful life for which amortization expense will be recognized is 3.8 years as of March 31, 2025. The Company has capitalized $1.2 million in development costs for titles that have reached technological feasibility but have not yet launched, and as such, are included in the thereafter amount in the table below. Future amortization expense of intangible assets is as follows:

Years ending December 31,	Amount
Remainder of 2025	$	106,511
2026		142,000
2027		142,000
2028		142,000
2029		135,000
Thereafter		1,491,630
Total	$	2,159,141

Snail Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

PROPERTY AND EQUIPMENT, NET

3 Months Ended

Mar. 31, 2025

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

NOTE 8 – PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following as of March 31, 2025 and December 31, 2024:

	2025			2024
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			1,809,214
Furniture and fixtures		411,801			411,801
Property and equipment		9,521,752			9,521,752
Accumulated depreciation		(5,211,304	)		(5,143,400	)
Property and equipment, net	$	4,310,448		$	4,378,352

Depreciation expense was $67,904 and $82,338 for the three months ended March 31, 2025, and 2024, respectively. The Company did not have any disposals in the three months ended March 31, 2025 or 2024.

Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Defined Benefit Plan Disclosure [Line Items]
Revenues, net	$ 20,110,872	$ 14,115,729
Cost of revenues	14,263,345	12,041,698
Gross profit	5,847,527	2,074,031
Operating expenses:
General and administrative	4,964,351	2,282,040
Research and development	3,609,745	1,776,522
Advertising and marketing	1,306,365	141,030
Depreciation	67,904	82,338
Total operating expenses	9,948,365	4,281,930
Loss from operations	(4,100,838)	(2,207,899)
Other income (expense):
Interest expense	(80,828)	(395,964)
Other income	769,762	227,066
Foreign currency transaction income (loss)	(36,288)	18,128
Total other income (expense), net	683,045	(50,509)
Loss before benefit from income taxes	(3,417,793)	(2,258,408)
Benefit from income taxes	(1,470,830)	(477,950)
Net loss	(1,946,963)	(1,780,458)
Net loss attributable to non-controlling interests	(956)	(1,129)
Net loss attributable to Snail, Inc.	(1,946,007)	(1,779,329)
Comprehensive loss statement:
Net loss	(1,946,963)	(1,780,458)
Other comprehensive income (loss) related to foreign currency translation adjustments, net of tax	33,232	(19,297)
Other comprehensive income (loss) related to credit adjustments, net of tax	22,023
Total comprehensive loss	$ (1,891,708)	$ (1,799,755)
Loss per share attributable to Class A and B common stockholders:
Basic	$ (0.05)	$ (0.05)
Diluted	$ (0.06)	$ (0.05)
Common Class A [Member]
Net loss attributable to common stockholders:
Basic	$ (441,731)	$ (385,722)
Diluted	$ (521,393)	$ (385,722)
Loss per share attributable to Class A and B common stockholders:
Diluted	$ (0.06)	$ (0.05)
Weighted-average shares used to compute loss per share attributable to common stockholders:
Basic	8,442,025	7,957,031
Diluted	9,241,822	7,957,031
Common Class B [Member]
Net loss attributable to common stockholders:
Basic	$ (1,504,276)	$ (1,393,607)
Diluted	$ (1,775,558)	$ (1,393,607)
Loss per share attributable to Class A and B common stockholders:
Diluted	$ (0.06)	$ (0.05)
Weighted-average shares used to compute loss per share attributable to common stockholders:
Basic	28,748,580	28,748,580
Diluted	28,748,580	28,748,580
Nonrelated Party [Member]
Other income (expense):
Interest income	$ 29,906	$ 99,762
Related Party [Member]
Other income (expense):
Interest income	$ 493	$ 499

SCHEDULE OF COST OF REVENUES (Details) - USD ($)	3 Months Ended
SCHEDULE OF COST OF REVENUES (Details) - USD ($)	Mar. 31, 2025	Mar. 31, 2024
Accounting Policies [Abstract]
Software license royalties – related parties	$ 5,273,727	$ 3,274,020
Software license royalties	53,830	162,748
License and amortization – related parties	6,000,000	6,000,000
License and amortization	263,725	201
Merchant fees	554,695	221,449
Engine fees	812,948	961,442
Internet, server and data center	1,295,938	1,400,006
Other	8,482	21,832
Total:	$ 14,263,345	$ 12,041,698

SCHEDULE OF LONG TERM DEBT (Details) (Parenthetical) - USD ($)				3 Months Ended
	Feb. 21, 2025	Jun. 21, 2023	Jun. 17, 2021	Mar. 31, 2025	Jun. 20, 2023
Revolving Credit Facility [Member]
Short-Term Debt [Line Items]
Line of credit		$ 6,000,000			$ 9,000,000
Maturity date		Jun. 30, 2025
Interest rate		0.25%
Interest rate				7.25%
Minimum debt service coverage ratio				1.5 to 1
2021 Promissory Note [Member]
Short-Term Debt [Line Items]
Minimum debt service coverage ratio			1.5 to 1
Principal amount period			10 years
Description on variable rate			years 6 to 10
Secured Debt			$ 4,200,000
Maturity date			Jun. 30, 2031
2021 Promissory Note [Member] \| For the First Five Years [Member]
Short-Term Debt [Line Items]
Interest rate			3.50%
Principal amount period			5 years
Convertible Notes Payable [Member]
Short-Term Debt [Line Items]
Interest rate	5.00%
Maturity date	Feb. 21, 2026
Convertible notes rate	10.00%
Face amount	$ 3,300,000
Installment payments	May 21, 2025
Description of event of default	In the event of a default the Company could be required to pay to the holders an amount equal to the principal outstanding, plus any accrued interest through the date of payments, multiplied by 120%.
Debt	$ 145,482

SCHEDULE OF ACCOUNTS RECEIVABLE (PAYABLE) - RELATED PARTY (Details) - Related Party [Member] - USD ($)	Mar. 31, 2025	Dec. 31, 2024	Mar. 31, 2024
Defined Benefit Plan Disclosure [Line Items]
Accounts receivable – related party	$ 6,000,592		$ 7,500,592
Less: accounts payable – related party	(4,667,133)		(3,663,726)
Net accounts receivable - related party	1,333,459		3,836,866
Less: accounts receivable – related party, net of current portion	(592)	$ (1,500,592)	(1,500,592)
Net accounts receivable - related party, current	$ 1,332,867	$ 2,336,274	$ 2,336,274

SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($)	Mar. 31, 2025	Dec. 31, 2024
Prepaid Expenses And Other Current Assets
Other receivables	$ 262,194	$ 549,103
Deferred offering costs	105,411	105,411
Other prepaids	633,948	550,270
Other current assets	466,509	641,240
Total prepaid expenses and other current assets	$ 1,468,062	$ 1,846,024

ACCOUNTS RECEIVABLE (PAYABLE) – RELATED PARTY (Details Narrative) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Immediate Family Member of Management or Principal Owner [Member]
Defined Benefit Plan Disclosure [Line Items]
Related party transaction ownership percentage	100.00%
SDE Inc [Member]
Defined Benefit Plan Disclosure [Line Items]
Offset amount per month	$ 0.5
Offset amount per annum	6.0
Payments for cash	$ 9.4	$ 16.8

INTANGIBLE ASSETS (Details Narrative) - USD ($)	3 Months Ended
INTANGIBLE ASSETS (Details Narrative) - USD ($)	Mar. 31, 2025	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 35,516	$ 200
Finite-lived intangible assets, remaining amortization period	3 years 9 months 18 days
Capitalized development cost	$ 1,200,000

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2025
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

COMMITMENTS AND CONTINGENCIES

3 Months Ended

Mar. 31, 2025

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 15 – 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.

Snail Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

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”).

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 $1.2 million was recorded as deferred revenue as of December 31, 2023, and recognized upon the satisfaction of performance obligations during the three months ended March 31, 2024.

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, Co-Chief Executive Officer, 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. The Plaintiff has filed a motion to amend its complaint to include additional related parties. Trial is presently scheduled to commence in June 2025.

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. Accordingly, it is uncertain whether INDIEV would be able to indemnify the Company due to its bankruptcy. 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.

Commitments

The Company routinely enters contracts with related party developers for the development of new games. These agreements ordinarily include contractual payments to the developers for several milestones that occur at various times through 2026. The aggregate amount of development commitments to related party developers is $5.1 million as of March 31, 2025, Our commitments assume satisfactory performance by our related party software developer. See Note 10 – Accounts Payable – Related Party and Note 19 – Subsequent Events for more information.

Snail Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

SCHEDULE OF ANTI-DILUTIVE SHARES AND SECURITIES (Details) - shares	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	1,129,455	1,195,456
Equity Line of Credit Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount		367,647
Underwriter Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	120,000	120,000
Convertible Debt Securities [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	1,313,632	1,005,212
Convertible Notes Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount		714,285

PREPAID EXPENSES - RELATED PARTY

3 Months Ended

Mar. 31, 2025

Prepaid Expenses - Related Party

PREPAID EXPENSES - RELATED PARTY

NOTE 6 – 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 has 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 three months ended March 31, 2025, the Company made $4.3 million in prepaid royalty payments related to ARK: Survival Ascended DLC’s which have not yet been released. During the year ended December 31, 2024, the Company made $1.7 million in prepaid royalty payments related to the ARK: Survival Ascended DLC’s which have not yet been released. Prepaid expenses — related party consisted of the following as of March 31, 2025 and December 31, 2024:

	2025			2024
Prepaid royalties	$	4,907,669		$	4,378,594
Prepaid licenses		7,500,000			7,500,000
Other prepaids		36,748			21,291
Prepaid expenses - related party, ending balance		12,444,417			11,899,885
Less: short-term portion		(2,536,748	)		(2,521,291	)
Total prepaid expenses - related party, long-term	$	9,907,669		$	9,378,594

The amount classified as short-term, as of March 31, 2025, includes prepaid royalties for ARK: Survival Ascended DLC’s which have not yet been released and various operational software licenses obtained through SDE.

INCOME TAXES

3 Months Ended

Mar. 31, 2025

Income Tax Disclosure [Abstract]

INCOME TAXES

NOTE 13 – INCOME TAXES

The Company is required to calculate its interim income tax provision using the estimated annual effective tax rate (“AETR”) method which involves the use of forecasted information, adjusted for the effect of discrete items arising in that quarter. Under the AETR method, the income tax provision is calculated by applying the estimated AETR for the full fiscal year to “ordinary” income or loss (pretax income or loss excluding discrete items) for the reporting period. This could result in a higher or lower effective tax rate during a particular quarter, based upon the mix and timing of actual earnings or losses versus forecasted earnings for the full fiscal year. In each quarter, the Company updates its estimate of the annual effective tax rate, and if the estimated annual tax rate changes, a cumulative adjustment is made in that quarter.

The Company recognized an income tax benefit of $1,470,830 and income tax benefit of $477,950 for the three months ended March 31, 2025 and 2024, respectively. For the three months ended March 31, 2025 the Company’s effective tax rate of 43% differed from the federal statutory rate of 21% primarily due to permanent differences, state taxes, global intangible low-taxed income related to the Company’s foreign subsidiary, and the ratio of forecasted permanent book-tax differences compared to forecasted pre-tax income used in the AETR method is higher than it is expected to be at year-end, elevating the interim effective tax-rate. For the three months ended March 31, 2024 the Company’s effective tax rate did not differ from the federal statutory rate of 21%.

The Company has assessed all available positive and negative evidence, including the results of recent operations, continued release of games and DLC’s, and projections of future taxable income. 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. In the event that negative evidence outweighs positive evidence in future periods, the Company may need to record additional valuation allowance, which could have a material impact on our financial position. The Company continues to maintain a valuation allowance against certain deferred tax assets that are not more likely than not to be realized.

In the Company’s ordinary course of business the Internal Revenue Service (“IRS”) and other taxing authorities may examine various years of the Company’s tax filings. The Company’s 2022 fiscal year is currently under examination by the IRS. During the examination the Company may receive proposed adjustments that could be material. There are currently no settlements that the Company believes will be more likely than not to require settlement and thus no liability has been accrued.

Snail Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
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-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
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-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
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-Publisher FASB
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

SCHEDULE OF CHANGE IN FAIR VALUE (Details) - USD ($)	3 Months Ended
SCHEDULE OF CHANGE IN FAIR VALUE (Details) - USD ($)	Mar. 31, 2025	Feb. 21, 2025
Debt Disclosure [Abstract]
Fair value, at issuance	$ 2,854,518	$ 3,000,000
Change in fair value	$ (145,482)

SUMMARY OF OUTSTANDING WARRANTS (Details) - $ / shares	Mar. 31, 2025	Dec. 31, 2024
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number outstanding	1,670,499	1,859,784
Equity Line Purchase Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number outstanding	334,314	334,314
Exercise Price	$ 1.50	$ 1.50
Expiration date	Aug. 24, 2028	Aug. 24, 2028
Convertible Notes Warrants [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number outstanding	1,216,185	1,405,470
Exercise Price	$ 0.84	$ 0.84
Expiration date	Nov. 24, 2028	Nov. 24, 2028
Underwriter Warrants [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number outstanding	120,000	120,000
Exercise Price	$ 6.25	$ 6.25
Expiration date	Nov. 09, 2025	Nov. 09, 2025

SCHEDULE OF SUBSIDIARIES INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS (Details)	Mar. 31, 2025	Dec. 31, 2024
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%