Agassi Sports Entertainment Corp. filed its Form 10-Q for the fiscal quarter ended September 30, 2026, with the SEC on November 12, 2026, disclosing financial results and operational developments for the Nevada-based sports and entertainment company trading under OTC:AASP.

Key Highlights

  • Total assets: The company reported total assets of $4,857,645 as of September 30, 2026, up from $800,443 at December 31, 2025.
  • Cash position: Cash and cash equivalents stood at $273,079 as of September 30, 2026, compared to $95,748 at December 31, 2025.
  • Intangible assets: Intangible assets, net, grew to $2,233,178 from $296,298 at year-end 2025, with software development in progress recorded at $2,294,039.
  • Total liabilities: Total liabilities reached $2,819,681 as of September 30, 2026, versus $494,400 at December 31, 2025.
  • Convertible notes: The company carried $1,000,000 in convertible notes payable and $1,000,000 in convertible notes payable to a related party as of September 30, 2026.
  • Shares outstanding: As of November 12, 2026, there were 14,011,824 shares of common stock, $0.001 par value, outstanding.

Agassi Sports Entertainment's Financial Position and Business Activities Through September 2026

According to the filing, Agassi Sports Entertainment Corp. is a Nevada-incorporated smaller reporting company headquartered at 1120 N Town Center Drive, Suite 160, Las Vegas, Nevada 89144. The company's disclosed business activities span e-commerce, a planned sports platform and mobile application, pickleball and padel facilities under its announced "Let's Play" initiative, and an event series described as the planned World Series of Pickleball. The company is not classified as a shell company in the filing.

The balance sheet as of September 30, 2026, reflects a significant increase in total assets to $4,857,645, driven primarily by intangible assets of $2,233,178 and software development in progress of $2,294,039. Property and equipment, net, increased to $56,090 from $7,770 at the prior year-end. On the liabilities side, accounts payable and accrued expenses rose to $1,313,081, and the company also reported $500,000 each in accounts payable and accrued expenses to a related party and in a separate accounts payable and accrued expenses line, alongside accrued interest to a related party of $6,600.

The filing lists several risk factors the company disclosed, including its "limited operating history, history of losses and lack of experience in certain aspects of our business, including the court sports industry," and its ability "to continue as a going concern and to generate sufficient revenues to achieve and sustain profitability." The company also disclosed risks related to arrangements with parties identified in the filing as the "IBM Parties," artificial intelligence technology use, cybersecurity threats, and the execution of planned events and facility acquisitions. All forward-looking statements in the report are the company's own and are subject to its cautionary language as described in the filing.

What Was Disclosed

Agassi Sports Entertainment Corp. filed its quarterly report covering the period ended September 30, 2026, disclosing balance sheet data showing material growth in intangible assets, software development costs, and total liabilities compared to December 31, 2025, along with risk factor disclosures related to its court sports and event business.