Roseland, NJ, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Gaxos.ai Inc. ("Gaxos" or the "Company"), a company developing artificial intelligence applications across various sectors, today announced that it will participate in the upcoming Unite 2024 Conference on September 18th - 20th in Barcelona, Spain. "We are excited to be part of Unity's Unite 2024 conference," said Vadim Mats, CEO of Gaxos. "As we engage with development communities, gamers, and industry leaders, we forge meaningful relationships that facilita ...

AI-Driven Initiatives - The company launched four proprietary games in 2023: Space Striker AI, Brawl Bots, BattleFleet AI, and Jigsaw Puzzle AI, all featuring AI-driven personalization and NFT capabilities[92] - Gaxos Gaming plans to launch an AI solution for game developers in Q3 2024, featuring AI-powered creativity, seamless integration, dynamic content generation, and customized solutions[93][94] - Gaxos Health, a new AI-powered health optimization initiative, is expected to launch in the second half of 2024, focusing on personalized wellness strategies using biometric data[95] Financial Performance and Expenses - Operating expenses for the three months ended June 30, 2024, increased by $85,902 (11.2%) compared to the same period in 2023, totaling $854,503[104] - Research and development expenses decreased by $18,277 (6.8%) for the three months ended June 30, 2024, compared to the same period in 2023, primarily due to reduced costs for Gaxos Games development[105] - General and administrative expenses for the three months ended June 30, 2024, increased by $156,542 (34.9%) compared to the same period in 2023, totaling $605,162[106] - Compensation and related benefits decreased by $54,019 (26.0%) for the three months ended June 30, 2024, compared to the same period in 2023, primarily due to reduced executive and employee compensation[107] - Professional fees increased by $176,657 (162.0%) for the three months ended June 30, 2024, compared to the same period in 2023, driven by higher advisory and other professional fees[108] - Other general and administrative expenses increased by $33,904 (25.7%) for the three months ended June 30, 2024, compared to the same period in 2023, mainly due to higher advertising and marketing expenses[109] - The company reported a loss from operations of $854,503 for the three months ended June 30, 2024, an increase of $85,902 (11.2%) compared to the same period in 2023[111] - Net loss for Q2 2024 increased by $55,194 (7.3%) to $809,238 compared to Q2 2023[114] - Total comprehensive loss for Q2 2024 increased by $67,798 (9.2%) to $802,193 compared to Q2 2023[114] - Net loss for the six months ended June 30, 2024 decreased by $568,692 (24.8%) to $1,721,383 compared to the same period in 2023[114] - Total comprehensive loss for the six months ended June 30, 2024 decreased by $438,517 (19.5%) to $1,813,753 compared to the same period in 2023[114] - The company expects to continue generating operating losses in the foreseeable future due to corporate overhead, R&D, and public company costs[117] Cash Flow and Liquidity - Cash balance on June 30, 2024 was $2,371,933 with short-term investments of $2,099,122 and working capital of $4,495,777[115] - Net cash used in operations for the six months ended June 30, 2024 was $1,837,867, primarily due to net loss of $1,721,383[118] - Net cash provided by investing activities for the six months ended June 30, 2024 was $147,604, mainly from sale of short-term investments of $2,617,205[120] - Net cash provided by financing activities for the six months ended June 30, 2024 was $3,037,486, primarily from private placement net proceeds of $3,056,984[121] - The company believes its existing working capital and cash on hand will meet operating needs and debt requirements for the next 12 months[117]

Roseland, NJ, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Gaxos.ai Inc. ("Gaxos" or the "Company"), a company developing artificial intelligence applications across various sectors, today announced that it will participate in the upcoming Devcom Developer Conference on August 18th - Aug 20th and Gamescom Conference on August 21st – 25th in Cologne, Germany. "We are excited to be part of Devcom and Gamescom this year," said Vadim Mats, CEO of Gaxos. "These conferences provide us with a fantastic opportunity to engage ...

Born from a fusion of passion and generative AI, Meshy transforms text and images into dazzling 3D masterpieces in mere moments. Meshy is not just streamlining 3D design; Meshy unlocks a universe of creative possibilities. "We are thrilled to partner with Gaxos and bring our advanced 3D generative AI features to their users," said Ethan Hu, CEO of Meshy. "This collaboration allows us to offer innovative tools that make it easier for game developers to create detailed and immersive 3D models." Gaxos.AI isn't ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange ...

FORM 10-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number 001-41620 GAXOS.AI INC. ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of Registrant as specified in its charter) | Delaware | 87-3288897 | | --- | --- | | (State or other ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number: 001-41620 The NFT Gaming Company, Inc. (Exact name of registrant as specified in its charter) | Delaware | 87-32888 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-41620 The NFT Gaming Company, Inc. (Exact name of registrant as specified in its charter) | Delaware | 87-3288897 | | --- | --- | | (State or other jurisdiction of | (IRS Employer | | incorporation or organization) | Identification No.) | | 101 Eisenhower Pkwy, Suite 300 | | | Roseland, New Jersey | 07068 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number: 001-41620 The NFT Gaming Company, Inc. Registrant's telephone number, including area code: (973) 275-7428 Securities re ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number 001-41620 The NFT Gaming Company, Inc. (Exact Name of Registrant as Specified in Its Charter) | Delaware | 87-3288897 | | --- | --- | | ( ...