Issue 006 | U.S. Pilot | US

SLE

Super League Enterprise, Inc.

Screen state: Passing Source state: Verified 10-Q | 2026-05-15 Filing currency: USD

Open Filing Back to Register Report a correction

Internal NCAV Discount 68.7%

GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.

Current Assets: 15,608,000USD
Total Liabilities: 4,960,000USD
NCAV: 10,648,000USD
Cash: 4,230,000USD
NCAV per share: 7.26USD/share
Evidence: 7 annual | 21 quarterly

Mary filing review

Financial Statement Evidence

Deterministic observations from the frozen Mary Reason Card. They annotate filing evidence and do not determine screen inclusion.

Evaluated: 12
Triggered: 3
Unavailable: 7

Requires inspection High NCAV Burn since the previous filing 10,648,000

Latest: 10,648,0002026-03-31
Comparison: 13,877,0002025-12-31
Change: -23.3%

Basis: NCAV burn since previous filing >= 10%; previous NCAV must be positive

Source periods: SEC 10-Q 2026-03-31 · 0001437749-26-017431; REPORTED_FILING 10-K 2025-12-31

Requires inspection Negative OCF -2,523,000

Latest: -2,523,0002026-03-31
Comparison: n/a
Change: n/a

Basis: latest reporting-period cash from operations < 0

Source periods: SEC 10-Q 2026-03-31 · 0001437749-26-017431

Supporting observation Current Ratio > 1.5 3.25

Latest: 3.252026-03-31
Comparison: 1.5
Change: n/a

Basis: current assets / current liabilities; strong if > 1.5

Source periods: SEC 10-Q 2026-03-31 · 0001437749-26-017431

7 unavailable checks — inspect missing inputs

High Debt (short-term debt + long-term debt) / ordinary equity >= 50%

Low Debt (short-term debt + long-term debt) / ordinary equity < 20%

Material 1Y Share Increase 1Y share change >= +2% using the same share-count source

NCAV Growing equivalent prior-year NCAV change >= +2%; both NCAV values must be positive

No Material 1Y Share Increase 1Y share change > -2% and <= +1% using the same share-count source

Non-Positive Equity ordinary shareholders equity <= 0

Share Count Reduced 1Y share change <= -2% using the same share-count source

Business Profile

Published only when a substantive filing-text profile has been prepared for this issue.

Not available for this issue.

A substantive filing-text profile was not prepared for this company. Financial statement evidence and filing links remain available above for direct inspection.

Historical values can be viewed as reported in each filing or normalized to the latest verified split basis. These are measurement aids, not conclusions about a company.

Policy: normalize_to_latest_verified_split_basis | quality: verified

Display basis Normalized to latest verified split basis As reported in each filing

Metric	2026-03-31 10-Q Open filing	2025-12-31 10-K Open filing	2025-09-30 10-Q Open filing	2025-06-30 10-Q Open filing	2025-03-31 10-Q Open filing	2024-12-31 10-K Open filing	2024-09-30 10-Q Open filing	2024-06-30 10-Q Open filing	2024-03-31 10-Q Open filing	2023-12-31 10-K Open filing	2023-09-30 10-Q Open filing	2023-06-30 10-Q Open filing	2023-03-31 10-Q Open filing	2022-12-31 10-K Open filing	2022-09-30 10-Q Open filing	2022-06-30 10-Q Open filing	2022-03-31 10-Q Open filing	2021-12-31 10-K Open filing	2021-09-30 10-Q Open filing	2021-06-30 10-Q Open filing	2020-12-31 10-K Open filing	2019-12-31 10-K Open filing
Period-end Shares Outstanding	1,466,6231,466,623	1,129,9011,129,901	129,0921,549,104	73,725884,699	37,14517,829,495	33,80116,224,371	24,40411,714,087	15,0907,242,978	n/an/a	9,9464,774,116	8,6884,170,085	5,03548,334,818	3,93737,795,077	3,91737,605,973	3,91437,570,973	3,85937,043,778	3,84036,864,957	3,83436,809,187	3,72735,778,259	3,68135,340,633	1,61315,483,010	8938,573,922
Weighted-average Basic Shares	2,434,7162,434,716	492,868492,868	90,8441,090,129	53,156637,877	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	3,89437,386,981	3,84936,946,587	3,83736,838,957	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a
Weighted-average Diluted Shares	n/an/a	n/an/a	130,1501,561,806	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a
Basic EPS	-2-2	-40-40	-5-5	-13-13	-0-0	-2-2	-2-2	-2-2	-1-1	-14-14	-7-7	-0-0	-0-0	-2-2	-2-2	-0-0	-0-0	-1-1	-0-0	-0-0	n/an/a	n/an/a
Diluted EPS	n/an/a	n/an/a	-5-5	n/an/a	n/an/a	n/an/a	-80-80	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a
Basic-to-Diluted Share Difference	Insufficient evidence	Insufficient evidence	43.3%	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence
Net Share Count Change	29.8%	775.3%	75.1%	98.5%	9.9%	38.5%	61.7%	Insufficient evidence	Insufficient evidence	14.5%	72.5%	27.9%	0.5%	0.1%	1.4%	0.5%	0.2%	2.9%	1.2%	128.3%	80.6%	Insufficient evidence
Ownership Claim Change	-23.0%	-88.6%	-42.9%	-49.6%	-9.0%	-27.8%	-38.2%	Insufficient evidence	Insufficient evidence	-12.7%	-42.0%	-21.8%	-0.5%	-0.1%	-1.4%	-0.5%	-0.2%	-2.8%	-1.2%	-56.2%	-44.6%	Insufficient evidence

Verified split events: reverse 20.0 on 2023-09-07; reverse 40.0 on 2025-06-17; reverse 12.0 on 2026-01-16

Known Unknowns

Medium | Share Count

The current U.S. Pilot does not yet evaluate share-count trends or post-filing dilution beyond Mary's screening flags.

Low | Classification

U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.

Annual Financials

Latest annual periods, newest first. Missing cells render as n/a.

Metric	2025-12-31 10-K USD	2024-12-31 10-K USD	2023-12-31 10-K USD	2022-12-31 10-K USD	2021-12-31 10-K USD	2020-12-31 10-K USD	2019-12-31 10-K USD
Revenue	11,342,000	16,182,000	25,079,000	19,677,000	11,672,000	2,064,000	1,084,000
Operating Income	-13,053,000	-16,754,000	-32,837,000	-84,960,000	-25,080,000	-18,743,000	-20,770,000
Net Income	-20,717,000	-16,635,000	-30,330,000	-85,451,000	-20,748,000	-18,732,000	-30,679,000
Cash From Operations	-10,672,000	-11,462,000	-15,489,000	-19,826,000	-22,707,000	-14,876,000	-13,646,000
Capex	0	-23,000	-8,000	-149,000	-22,000	-9,000	-73,000
Free Cash Flow	-10,672,000	-11,485,000	-15,497,000	-19,975,000	-22,729,000	-14,885,000	-13,719,000
Cash And Equivalents	14,390,000	1,310,000	7,609,000	2,482,000	14,533,000	7,942,000	8,442,000
Accounts Receivable	2,453,000	3,766,000	8,287,000	6,134,000	6,328,000	588,000	293,000
Inventory	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Current Assets	18,212,000	5,753,000	16,758,000	9,997,000	22,195,000	9,367,000	9,659,000
Total Assets	21,869,000	11,711,000	25,328,000	30,210,000	96,805,000	13,977,000	14,447,000
Total Current Liabilities	4,180,000	10,445,000	13,371,000	10,693,000	5,590,000	1,829,000	1,004,000
Total Liabilities	4,335,000	11,541,000	15,338,000	11,006,000	6,108,000	3,037,000	1,004,000
Shareholders Equity	17,534,000	170,000	9,990,000	19,204,000	90,697,000	10,940,000	13,443,000
Shares Outstanding	1,129,901	16,224,371	4,774,116	37,605,973	36,809,187	15,483,010	8,573,922
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	492,868	8,940,304	2,799,044	37,189,495	29,882,828	11,430,057	7,894,326
Weighted Avg Shares Basic	492,868	8,940,304	2,799,044	37,189,495	29,882,828	11,430,057	7,894,326
Net Share Count Change (Normalized)	775.3%	38.5%	14.5%	0.1%	2.9%	80.6%	Insufficient evidence
Ownership Claim Change (Normalized)	-88.6%	-27.8%	-12.7%	-0.1%	-2.8%	-44.6%	Insufficient evidence

Quarterly Financials

Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.

Metric	2026-03-31 10-Q USD	2025-12-31 10-K USD	2025-12-31 10-K USD	2025-09-30 10-Q USD	2025-06-30 10-Q USD	2025-03-31 10-Q USD	2024-12-31 10-K USD	2024-09-30 10-Q USD	2024-06-30 10-Q USD	2024-03-31 10-Q USD	2023-12-31 10-K USD	2023-09-30 10-Q USD	2023-06-30 10-Q USD	2023-03-31 10-Q USD	2022-12-31 10-K USD	2022-09-30 10-Q USD	2022-06-30 10-Q USD	2022-03-31 10-Q USD	2021-12-31 10-K USD	2021-09-30 10-Q USD	2021-06-30 10-Q USD
Revenue	3,003,000	3,200,000	3,200,000	2,423,000	3,001,000	2,718,000	3,426,000	4,431,000	4,116,000	4,209,000	9,510,000	7,195,000	5,052,000	3,322,000	7,122,000	4,508,000	4,279,000	3,768,000	6,195,000	3,605,000	1,084,000
Operating Income	-4,159,000	-3,226,000	-3,226,000	-3,051,000	-3,145,000	-3,631,000	-4,603,000	-3,453,000	-4,093,000	-4,605,000	-12,934,000	-4,496,000	-8,187,000	-7,220,000	-16,175,000	-52,081,000	-8,743,000	-7,961,000	-7,168,000	-6,973,000	-6,313,000
Net Income	-4,051,000	-10,142,000	-10,142,000	-3,562,000	-2,783,000	-4,230,000	-5,288,000	-3,632,000	-2,455,000	-5,260,000	-13,274,000	-2,984,000	-6,836,000	-7,236,000	-16,213,000	-52,602,000	-8,720,000	-7,916,000	-7,133,000	-6,964,000	-2,026,000
Cash From Operations	-2,523,000	-3,867,000	-3,867,000	-2,810,000	-1,792,000	-2,203,000	-3,302,000	-2,108,000	-2,309,000	-3,743,000	-1,399,000	-3,298,000	-7,814,000	-2,978,000	-3,790,000	-5,849,000	-3,900,000	-6,287,000	-6,434,000	-6,348,000	-5,555,000
Capex	n/a	n/a	n/a	n/a	n/a	n/a	0	-23,000	0	0	0	0	-2,000	-6,000	0	4,000	-35,000	-118,000	-10,000	-1,000	-9,000
Free Cash Flow	n/a	n/a	n/a	n/a	n/a	n/a	-3,302,000	-2,131,000	-2,309,000	-3,743,000	-1,399,000	-3,298,000	-7,816,000	-2,984,000	-3,790,000	-5,845,000	-3,935,000	-6,405,000	-6,444,000	-6,349,000	-5,564,000
Cash And Equivalents	4,230,000	14,390,000	14,390,000	1,061,000	475,000	747,000	1,310,000	289,000	1,685,000	3,311,000	7,609,000	1,140,000	2,569,000	590,000	2,482,000	1,143,000	7,069,000	7,784,000	14,533,000	n/a	31,455,000
Total Current Assets	15,608,000	18,212,000	18,212,000	4,466,000	3,734,000	4,273,000	5,753,000	5,586,000	7,955,000	10,685,000	16,758,000	10,360,000	8,878,000	5,232,000	9,997,000	7,711,000	12,997,000	14,688,000	22,195,000	29,320,000	34,076,000
Total Liabilities	4,960,000	4,335,000	4,335,000	10,707,000	12,578,000	13,245,000	11,541,000	9,061,000	10,353,000	12,612,000	15,338,000	10,627,000	9,929,000	9,795,000	11,006,000	12,072,000	9,959,000	4,532,000	6,108,000	4,805,000	2,950,000
Shares Outstanding	1,466,623	1,129,901	1,129,901	1,549,104	884,699	17,829,495	16,224,371	11,714,087	7,242,978	5,982,912	4,774,116	4,170,085	48,334,818	37,795,077	37,605,973	37,570,973	37,043,778	36,864,957	36,809,187	35,778,259	35,340,633
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	2,434,716	n/a	492,868	1,090,129	637,877	16,953,860	13,794,765	9,920,278	6,741,303	5,240,755	2,799,044	2,957,271	40,494,953	37,715,941	37,575,194	37,386,981	36,946,587	36,838,957	36,778,467	35,530,759	27,165,755
Weighted Avg Shares Basic	2,434,716	492,868	492,868	1,090,129	637,877	16,953,860	13,794,765	9,920,278	6,741,303	5,240,755	2,799,044	2,957,271	40,494,953	37,715,941	37,575,194	37,386,981	36,946,587	36,838,957	36,778,467	35,530,759	27,165,755
Net Share Count Change (Normalized)	29.8%	775.3%	775.3%	75.1%	98.5%	9.9%	38.5%	61.7%	Insufficient evidence	Insufficient evidence	14.5%	72.5%	27.9%	0.5%	0.1%	1.4%	0.5%	0.2%	2.9%	1.2%	128.3%
Ownership Claim Change (Normalized)	-23.0%	-88.6%	-88.6%	-42.9%	-49.6%	-9.0%	-27.8%	-38.2%	Insufficient evidence	Insufficient evidence	-12.7%	-42.0%	-21.8%	-0.5%	-0.1%	-1.4%	-0.5%	-0.2%	-2.8%	-1.2%	-56.2%

Audit Trail

NCAV Audit

Official-source inputs remain linked to filing provenance. Derived values are labeled as such.

Input	Value	Source concept	Filing period	Confidence	Provenance
Current Assets	15,608,000USD	us-gaap:AssetsCurrent	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001621672/companyfacts.json Data Vault \| sec/companyfacts/cik=0001621672/companyfacts.json
Total Liabilities	4,960,000USD	us-gaap:Liabilities	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001621672/companyfacts.json Data Vault \| sec/companyfacts/cik=0001621672/companyfacts.json
Cash	4,230,000USD	us-gaap:CashAndCashEquivalentsAtCarryingValue	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001621672/companyfacts.json Data Vault \| sec/companyfacts/cik=0001621672/companyfacts.json
Shares Outstanding	1,466,623	us-gaap:CommonStockSharesOutstanding	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001621672/companyfacts.json Data Vault \| sec/companyfacts/cik=0001621672/companyfacts.json
NCAV	10,648,000USD	derived	2026-03-31	n/a	company-evidence-v1 \| total_current_assets - total_liabilities
NCAV per share	7.26USD	derived	2026-03-31	n/a	company-evidence-v1 \| NCAV / shares_outstanding
Internal NCAV Discount	68.7%	derived	2026-03-31	n/a	gnni_publication_pack \| internal_discount

NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / shares_outstanding

Source Provenance

Data Source: Data Vault
Data Vault Root: Local evidence | The Data Vault
CIK: 0001621672
Company ID: n/a
Selected Annual Source: Data Vault | sec/companyfacts/cik=0001621672/companyfacts.json
Selected Quarterly Source: Data Vault | sec/companyfacts/cik=0001621672/companyfacts.json
Statement Extractor: companyfacts-screener-v1
View Extractor: companyfacts-screener-v1
Source Accession Count: 23
Imported At: 2026-08-15T12:52:48+00:00
Rendered At: 2026-08-16T03:30:06+00:00

Run Audit

Mary Run: 63eb9cbe01c34796bb5a9e8d156e6111
Mary As Of: 2026-08-15
Accession: 0001437749-26-017431
CIK: 0001621672
Mary Filing Date: 2026-05-15
Filing Currency: USD
Internal Discount: 68.7%
Source State: Verified
Market Context: Not Displayed
Market Policy: internal_only_not_redistributed
Share Trend: Not Evaluated
Dilution: Needs Review

mary_run=63eb9cbe01c34796bb5a9e8d156e6111; mary_as_of=2026-08-15; mary_filing_date=2026-05-15; mary_accession=0001437749-26-017431; mary_cik=0001621672; gnni_supporting_filing_date=2026-05-15; internal_discount=0.687337; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.

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