MGO Global Inc. Common Stock (MGOL) S-1/A 18 Dec 24 IPO registration (amended) Financial data

Cover

Cover	9 Months Ended
	Sep. 30, 2024
Entity Addresses [Line Items]
Document Type	S-1/A
Amendment Flag	true
Amendment Description	Amendment No. 2
Entity Registrant Name	MGO GLOBAL INC.
Entity Central Index Key	0001902794
Entity Tax Identification Number	87-3929852
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	1515 SE 17th Street,
Entity Address, Address Line Two	Suite 121/#460236
Entity Address, City or Town	Fort Lauderdale
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33346
City Area Code	347
Local Phone Number	913-3316
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Business Contact [Member]
Entity Addresses [Line Items]
Entity Address, Address Line One	1515 SE 17th Street
Entity Address, Address Line Two	Suite 121/#460236
Entity Address, City or Town	Fort Lauderdale
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33346
Contact Personnel Name	Maximiliano Ojeda

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 1,435,288	$ 836,446	$ 32,275
Accounts receivable	15,998	25,352
Inventories	1,049,359	607,022
Prepaid expenses	56,979	178,425
Other current assets	7,500	7,500
Current assets from discontinued operations	10,135	267,703	408,693
Total current assets	2,575,259	1,922,448	440,968
Property and equipment, net	238,384	319,462
Total assets	2,813,643	2,241,910	440,968
Current liabilities:
Accrued liabilities	40,340	216,297	9,972
Accrued payroll	58,648	533,643
Loan payable	27,788
Current liabilities from discontinued operations	1,529	379,867	1,625,557
Total current liabilities	182,244	1,320,162	1,635,529
Total liabilities	182,244	1,320,162	1,635,529
Commitments and contingencies (Note 4)
Stockholders’ equity:
Preferred stock, par value, $.00001, authorized 20,000,000 shares, nil outstanding
Common stock, par value $0.00001, authorized 150,000,000 shares; 2,904,001 and 1,426,613 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively	29	14	12
Additional paid-in capital	19,874,872	14,450,217	4,963,445
Accumulated deficit	(16,884,132)	(12,940,040)	(5,796,636)
Total MGO stockholders’ equity	2,990,769	1,510,191	(833,179)
Non-controlling interest	(359,370)	(588,443)	(361,382)
Total stockholder’s equity	2,631,399	921,748	(1,194,561)
Total liabilities and stockholders’ equity	2,813,643	2,241,910	440,968
Restatement [Member]
Stockholders’ equity:
Total stockholder’s equity		921,747	(1,194,561)
Nonrelated Party [Member]
Current liabilities:
Accounts payable	51,170	184,677
Related Party [Member]
Current liabilities:
Accounts payable	$ 2,769	$ 5,678

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.00001	$ 0.00001	$ 0.00001
Common stock, shares authorized	150,000,000	150,000,000	150,000,000
Common stock, shares issued	2,904,001	1,426,613	1,168,923
Common stock, shares outstanding	2,904,001	1,426,613	1,168,923
Preferred stock, par value	$ 0.00001	$ 0.00001
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares, outstanding

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Revenues, net	$ 565,400	$ 1,054,161	$ 2,661,253	$ 2,823,601	$ 3,668,926
Cost of sales	72,414	235,003	586,502	761,473	969,045
Gross profit	492,986	819,158	2,074,751	2,062,128	2,699,881
Operating expenses:
Selling, general and administrative expenses	1,386,146	1,827,926	5,711,978	3,325,737	5,080,417	177,742
Marketing and e-commerce expenses	464,571	1,022,732	2,026,263	2,362,606	3,140,371
Total operating expenses	1,850,717	2,850,658	7,738,241	5,688,343	8,220,788	177,742
Operating loss	(1,357,731)	(2,031,500)	(5,663,490)	(3,626,215)	(5,520,907)	(177,742)
Other (income) expenses:
Interest expense	4,454		8,403			186,760
Interest income	(15,381)		(16,151)	(29,876)	(40,576)
Other (income) expenses, net			(2,715)		3,295
Total other (income) expenses	(10,927)		(10,463)	(29,876)	(37,281)	186,760
Net loss from continuing operations	(1,346,804)	(2,031,500)	(5,653,027)	(3,596,339)	(5,483,626)	(364,502)
Net income (loss) from discontinued operations	44,237	(520,613)	1,938,008	(1,574,104)	(1,886,839)	(2,512,855)
Net loss	(1,302,567)	(2,552,113)	(3,715,019)	(5,170,443)	(7,370,465)	(2,877,357)
Less: net income (loss) attributable to noncontrolling interest	5,229	(62,800)	229,073	(185,556)	227,061	(294,411)
Net loss attributable to MGO stockholders	$ (1,307,796)	$ (2,489,313)	$ (3,944,092)	$ (4,984,887)	$ (7,143,404)	$ (2,582,946)
Basic weighted average shares outstanding	2,507,442	1,424,154	1,953,276	1,408,517	1,426,613	1,054,242
Diluted weighted average shares outstanding	2,507,442	1,424,154	1,953,276	1,408,517	1,426,613	1,054,242
Basic net loss per share to MGO stockholders on continuing operations	$ (0.54)	$ (1.43)	$ (2.89)	$ (2.55)	$ (5.01)	$ (2.45)
Diluted net loss per share to MGO stockholders on continuing operations	(0.54)	(1.43)	(2.89)	(2.55)	(5.01)	(2.45)
Basic net loss per share to MGO stockholders on discontinued operations	0.02	(0.37)	0.99	(1.12)	(1.32)	(2.38)
Diluted net loss per share to MGO stockholders on discontinued operations	0.02	(0.37)	0.99	(1.12)	$ (1.32)	$ (2.38)
Basic net income (loss) per share to MGO stockholders	(0.52)	(1.79)	(1.90)	(3.67)
Diluted net income (loss) per share to MGO stockholders	$ (0.52)	$ (1.79)	$ (1.90)	$ (3.67)

Statements of Changes In Stockh

Statements of Changes In Stockholders' Equity (Deficit) - USD ($)	Common Stock [Member]	Common Stock [Member] Restatement [Member]	Additional Paid-in Capital [Member]	Additional Paid-in Capital [Member] Restatement [Member]	Retained Earnings [Member]	Retained Earnings [Member] Restatement [Member]	Parent [Member]	Parent [Member] Restatement [Member]	Stock Subscription Receivable [Member]	Stock Subscription Receivable [Member] Restatement [Member]	Noncontrolling Interest [Member]	Noncontrolling Interest [Member] Restatement [Member]	Total	Restatement [Member]
Balance at Dec. 31, 2021	$ 9		$ 2,866,648		$ (3,213,690)		$ (347,036)				$ (66,971)		$ (414,007)
Balance, shares at Dec. 31, 2021	959,300
Stock issued for cash	$ 2		1,712,561				1,712,564						1,712,564
Stock issued for cash, shares	192,500
Stock compensation expenses	$ 1		141,730				141,731						141,731
Stock compensation expense, shares	14,123
Stock issued to settle accounts payable			30,000				30,000						30,000
Stock issued to settle accounts payable, shares	3,000
Capital contributions by founders			15,400				15,400						15,400
Warrants issued for financing expenses			183,686				183,686						183,686
Imputed interest			13,420				13,420						13,420
Net income (loss)					(2,582,946)		(2,582,946)				(294,411)		(2,877,357)
Balance at Dec. 31, 2022	$ 12	$ 12	4,963,445	$ 4,963,445	(5,796,636)	$ (5,796,636)	(833,181)	$ (833,179)			(361,382)	$ (361,382)	(1,194,561)	$ (1,194,561)
Balance, shares at Dec. 31, 2022	1,168,923	1,168,923
Stock issued for cash		$ 1		7,622,353				7,622,354						7,622,354
Stock issued for cash, shares	172,500
Net income (loss)						(1,158,056)		(1,158,056)				(62,069)		(1,220,125)
Cashless exercise of warrants
Cashless exercise of warrants, shares	12,731
Cash received from exercise of warrants		1		699,999				700,000						700,000
Cash received from exercise of warrants, shares	70,000
Balance at Mar. 31, 2023	$ 14		13,285,797		(6,954,692)		6,331,119				(423,451)		5,907,668
Balance, shares at Mar. 31, 2023	1,424,154
Balance at Dec. 31, 2022	$ 12	$ 12	4,963,445	4,963,445	(5,796,636)	(5,796,636)	(833,181)	(833,179)			(361,382)	(361,382)	(1,194,561)	(1,194,561)
Balance, shares at Dec. 31, 2022	1,168,923	1,168,923
Net income (loss)													(5,170,443)
Balance at Sep. 30, 2023	$ 14		13,959,421		(10,781,523)		(3,177,912)				(546,938)		2,630,974
Balance, shares at Sep. 30, 2023	1,424,154
Balance at Dec. 31, 2022	$ 12	$ 12	4,963,445	4,963,445	(5,796,636)	(5,796,636)	(833,181)	(833,179)			(361,382)	(361,382)	(1,194,561)	(1,194,561)
Balance, shares at Dec. 31, 2022	1,168,923	1,168,923
Stock issued for cash	$ 1		7,560,353				7,560,354						7,560,354
Stock issued for cash, shares	172,500
Stock compensation expenses			1,214,473				1,214,473						1,214,473
Net income (loss)					(7,143,404)		(7,143,404)				(227,061)		(7,370,465)
Cashless exercise of warrants
Cashless exercise of warrants, shares	12,731
Cash received from exercise of warrants	$ 1		699,999				700,000						700,000
Cash received from exercise of warrants, shares	70,000
Shares issuance for services rendered			5,281				5,281						5,281
Shares issuance for services rendered, shares	1,125
Stock issued for vested restricted stock awards			6,666				6,666						6,666
Stock issued for vested restricted stock awards, shares	1,334
Balance at Dec. 31, 2023	$ 14	$ 14	14,450,217	14,450,217	(12,940,040)	(12,940,040)	1,510,191	1,510,191			(588,443)	(588,443)	921,748	921,747
Balance, shares at Dec. 31, 2023	1,426,613	1,426,613
Balance at Mar. 31, 2023	$ 14		13,285,797		(6,954,692)		6,331,119				(423,451)		5,907,668
Balance, shares at Mar. 31, 2023	1,424,154
Net income (loss)					(1,337,518)		(1,337,518)				(60,687)		(1,398,205)
Balance at Jun. 30, 2023	$ 14		13,285,797		(8,292,210)		4,993,601				(484,138)		4,509,463
Balance, shares at Jun. 30, 2023	1,424,154
Net income (loss)					(2,489,313)		(2,489,313)				(62,800)		(2,552,113)
Stock compensation expense			673,624				673,624						673,624
Balance at Sep. 30, 2023	$ 14		13,959,421		(10,781,523)		(3,177,912)				(546,938)		2,630,974
Balance, shares at Sep. 30, 2023	1,424,154
Balance at Dec. 31, 2023	$ 14	$ 14	14,450,217	14,450,217	(12,940,040)	(12,940,040)	1,510,191	1,510,191			(588,443)	(588,443)	921,748	921,747
Balance, shares at Dec. 31, 2023	1,426,613	1,426,613
Stock issued for cash	$ 1		572,314				572,315		130,249				702,564
Stock issued for cash, shares	157,983
Net income (loss)					(164,644)		(164,644)				227,807		63,163
Stock issued for vested restricted stock awards	$ 1		192,515				192,516						192,516
Stock issued for vested restricted stock awards, shares	46,243
Stock compensation expense			193,146				193,146						193,146
Stock issued for settlement			99,999				99,999						99,999
Stock issued for settlement, shares	23,202
Balance at Mar. 31, 2024	$ 16		15,508,191		(13,104,684)		2,403,523		130,249		(360,636)		2,173,136
Balance, shares at Mar. 31, 2024	1,654,040
Balance at Dec. 31, 2023	$ 14	$ 14	14,450,217	$ 14,450,217	(12,940,040)	$ (12,940,040)	1,510,191	$ 1,510,191			(588,443)	$ (588,443)	921,748	$ 921,747
Balance, shares at Dec. 31, 2023	1,426,613	1,426,613
Net income (loss)													(3,715,019)
Balance at Sep. 30, 2024	$ 29		19,874,872		(16,884,132)		2,990,769				(359,370)		2,631,399
Balance, shares at Sep. 30, 2024	2,904,001
Balance at Mar. 31, 2024	$ 16		15,508,191		(13,104,684)		2,403,523		130,249		(360,636)		2,173,136
Balance, shares at Mar. 31, 2024	1,654,040
Stock issued for cash	$ 1		1,093,217				1,093,218		(130,249)				962,969
Stock issued for cash, shares	100,698
Net income (loss)					(2,471,652)		(2,471,652)				(3,963)		(2,475,615)
Stock issued for vested restricted stock awards	$ 4		1,295,991				1,295,995						1,295,995
Stock issued for vested restricted stock awards, shares	345,786
Stock compensation expense			9,451				9,451						9,451
Balance at Jun. 30, 2024	$ 21		17,906,850		(15,576,336)		2,330,535				(364,599)		1,965,936
Balance, shares at Jun. 30, 2024	2,100,524
Stock issued for cash	$ 5		1,550,214				1,550,219						1,550,219
Stock issued for cash, shares	522,757
Net income (loss)					(1,307,796)		(1,307,796)				5,229		(1,302,567)
Stock issued for vested restricted stock awards	$ 1		285,860				285,861						285,861
Stock issued for vested restricted stock awards, shares	110,500
Stock issued for settlement of accounts payable	$ 1		131,949				131,950						131,950
Stock issued for settlement of accounts payable, shares	53,638
Round up of shares due to reverse stock split	$ 1		(1)
Round up of shares due to reverse stock split, shares	116,582
Balance at Sep. 30, 2024	$ 29		$ 19,874,872		$ (16,884,132)		$ 2,990,769				$ (359,370)		$ 2,631,399
Balance, shares at Sep. 30, 2024	2,904,001

Consolidated Statements of Cash

Consolidated Statements of Cash Flow - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net loss	$ (3,715,019)	$ (5,170,443)	$ (7,370,465)	$ (2,877,357)
Net income (loss) from discontinued operations	1,938,008	(1,574,104)	(1,886,839)	(2,512,855)
Net loss from continuing operations	(5,653,027)	(3,596,339)	(5,483,626)	(364,502)
Adjustments to reconcile net loss to net cash used in operating activities:
Imputed interest				13,420
Stock compensation expense	1,976,962	673,624	1,226,420	141,731
Warrants issued for financing expenses				183,686
Inventory obsolescence impairment			25,000
Depreciation expenses	81,590	38,321	6,502
Net changes in operating assets and liabilities:
Accounts receivable	9,354	(44,274)	(25,353)
Inventory	(442,337)	(479,375)	(678,867)
Prepaid expenses	146,446	(388,238)	(178,425)
Other current assets		(7,500)	(7,500)
Accounts payable - related party	(2,909)	(22,533)	28,348	(1,645)
Accrued payroll	(474,995)	(643,030)	(396,820)	746,050
Accounts payable and accrued liabilities	1,622,298	(2,071,651)	(1,806,829)	(2,394,311)
Net cash used in continuing operating activities	(2,736,618)	(6,540,995)	(7,244,305)	(1,675,571)
Net cash provided by (used in) discontinued operating activities	(1,978,857)	144,432	265,517	(7,702)
Net cash used in operating activities	(4,715,475)	(6,396,563)	(6,978,788)	(1,683,273)
Cash flows from investing activities:
Purchases of property and equipment	(512)	(179,853)	(325,964)
Net cash used in investing activities	(512)	(179,853)
Net cash provided by discontinued investing activities	2,000,000
Net cash provided by (used in) investing activities	1,999,488	(179,853)	(325,964)
Cash flows from financing activities:
Shares issued for cash, net	3,215,752	7,622,354	7,560,354	1,712,564
Cash received from exercise of warrants		700,000	700,000
Payment for investment advisor services	(25,000)
Repayments to loans payable - related party				(25,931)
Principle payment on loan payable	(57,212)			(48,822)
Proceeds from loans payable - related party			4,197	45,556
Borrowings from loan payable	85,000			25,000
Net cash provided by continuing financing activities	3,218,540	8,322,354	8,264,551	1,708,348
Net cash provided by discontinued financing activities		(138,840)	(138,840)	955
Net cash provided by financing activities	3,218,540	8,183,514	8,125,711	1,709,303
Net increase in cash and cash equivalents	502,553	1,607,098	820,959	26,030
Cash and cash equivalents at beginning of period, including discontinued operations	934,911	113,952	113,952	87,922
Cash and cash equivalents at end of period, including discontinued operations	1,437,464	1,721,050	934,911	113,952
Less cash from discontinued operations	(2,176)	(88,271)	(98,466)	(81,677)
Cash and cash equivalents at the end of the period	1,435,288	1,632,779	836,446	32,275
Interest	14,364		456	6,514
Non-cash financing activities
Stock issued for financing expenses			$ 30,000
Stock issued for legal settlement	99,999
Stock issued for settlement of accounts payable	$ 131,950

ORGANIZATION AND OPERATIONS

ORGANIZATION AND OPERATIONS	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND OPERATIONS	NOTE 1 – ORGANIZATION AND OPERATIONS Founded in October 2018 and headquartered in Florida with remote employees and specialty contractors in London, New York and Latin America, MGO Global Inc. (“MGO,” “MGO Global,” the “Company,” “we,” “our” and “us”) has built a brand acceleration platform with a focus on the acquisition, optimization and monetization of consumer brands across multiple categories. Our mission is to provide customers with unmatched variety, quality and shopping experience, while adding considerable value for MGO’s shareholders. Our accomplished leadership team encompasses decades of experience in building successful global lifestyle brands, including fashion design, marketing, technology, corporate finance and branding. We strive to continually push innovation and evolution of the consumer product cycle without compromising quality and design integrity. Through our end-to-end, scalable brand-building platform, backed by robust consumer behavioral data, we are engaged in nurturing digitally native brands that will thrive in the modern Direct to Consumer (“DTC”) economy. We operate our business through three subsidiaries: Americana Liberty, LLC; MGO Digital LLC and MGOTeam1, LLC (“MGOTeam1”). On July 18, 2024, the Company effected a reverse stock split on the Company’s common stock at a ratio of 1-for-10 Stand Flagpoles/Americana Liberty, LLC On March 13, 2023, we obtained a royalty-free, worldwide and exclusive license (the “License”) to the use of certain assets of Stand Co., LLC (“Stand”) for all purposes in exchange for payment of $ 1.00 Stand Flagpoles Stand Flagpoles In support of our flagpole business, we formed a wholly owned subsidiary, Americana Liberty, LLC (“Americana Liberty”), on March 13, 2023, which was created to advertise and sell the licensed line of Stand Flagpoles Americana Liberty In addition, on May 11, 2023, we executed a 12-month consulting agreement with Jason Harward, the owner of Stand Co. and nephew of our former Chief Marketing Officer of the Company. The consultant shall furnish the Company with business continuity and consulting services, substantially similar to the following: provide general advice and counsel regarding the establishment of systems and processes for direct-to-consumer (“DTC”) and e-commerce sales and operations; provide subject matter and product-level expertise in the area of flag-poles, flags, and related products; provide consultation regarding product sourcing and distribution; and assist with the establishment, operation, optimization, and maintenance of DTC and e-commerce platforms on behalf of the Company. Consultant was compensated for services through a combination of cash or immediately available funds and restricted stock units or shares of the Company’s stock as follows: (1) cash in the amount of $ 150,000 200,000 15,000 51,587 109,679 MGO Digital LLC In November 2022, we formed MGO Digital LLC to leverage data analytics, advanced technology-enabled marketing and our leadership team’s industry relationships and expertise to identify, incubate and test market new proprietary brands and brand concepts. The Messi Store/MGOTeam 1 LLC MGOTeam1 designed, manufactured, licensed, distributed, advertised and sold a range of products under the soccer legend Lionel (“Leo”) Messi brand, Messi Brand Messi Brand In October 2018, the Company entered into a Trademark License Agreement with Leo Messi Management SL (“LMM”). LMM granted the Company a worldwide non-exclusive license in order to use Leo Messi’s trademarks with the purpose of developing, manufacturing, trading and promoting the Messi Brand On November 20, 2021, the Company entered into a new Trademark License Agreement (“Messi License”) with LMM to have the worldwide license to use Leo Messi’s trademarks for the purpose of developing, manufacturing, marketing and promoting his products. The Company is to pay LMM a minimum guaranteed amount on account of royalties amounting to Four Million Euros (€ 4,000,000 On March 21, 2024, MGOTeam1 assigned the Messi License to Centric Brands, LLC (“Centric”), which paid MGOTeam1 $ 2,000,000 The Messi Store See Note 10. Business Combination Agreement with Heidmar, Inc. On June 18, 2024, MGO entered into a definitive Business Combination Agreement and Plan of Merger (the “Business Combination Agreement”) with Heidmar, Inc., (“HMI”), a company organized under the laws of the Republic of the Marshall Islands; Heidmar Maritime Holdings Corp., a company organized under the laws of the Republic of the Marshall Islands (“Holdings”); HMR Merger Sub Inc., a Delaware corporation and wholly-owned subsidiary of Holdings (“Merger Sub”); and Rhea Marine Ltd. and Maistros Shipinvest Corp (the “HMI Shareholders”). The Company, Merger Sub, Holdings, HMI and HMI Shareholders are sometimes referred to herein individually as a “Party” and, collectively, as the “Parties.” Pursuant to the Business Combination Agreement, the Parties will effect a business combination involving the following transactions (collectively, the “ Business Combination (a) Merger Sub will merge (the “ Merger (b) all of the issued and outstanding shares of common stock of MGO (the “ MGO Common Stock Holdings Common Shares (c) immediately after the effective time of the Merger, the HMI Shareholders will transfer all the outstanding shares of common stock of HMI (the “ HMI Shares HMI Share Acquisition (d) Holdings shall issue to the HMI Shareholders (i) at the closing of the Business Combination (the “ Closing a number of Holdings Common Shares equal to (x) the number of the Company’s outstanding shares of common stock on a fully diluted and as-converted basis immediately prior to the effective time of the Merger, times (y) 16.6667, divided by (z) the number of outstanding HMI Shares immediately prior to the HMI Share Acquisition and (ii) after the Closing and upon the satisfaction of certain earnout conditions set forth in the Business Combination Agreement, additional Holdings Common Shares equal to 10% of the shares issued to the Heidmar Shareholders on the Closing. MGO expects that the holders of MGO Common Stock and the Heidmar Shareholders will hold 5.66 94.34	NOTE 1 - ORGANIZATION AND OPERATIONS Nature of Business Founded in October 2018 and headquartered in Florida with remote employees and specialty contractors in London, New York and Latin America, MGO Global Inc. (“MGO,” “MGO Global,” the “Company,” “we,” “our” and “us”) has built a brand acceleration platform with a focus on the acquisition, optimization and monetization of consumer brands across multiple categories. Our mission is to provide customers with unmatched variety, quality and shopping experience, while adding considerable value for MGO’s shareholders. Our accomplished leadership team encompasses decades of experience in building successful global lifestyle brands, including fashion design, marketing, technology, corporate finance and branding. We strive to continually push innovation and evolution of the consumer product cycle without compromising quality and design integrity. Through our end-to-end, scalable brand-building platform, backed by robust consumer behavioral data, we are engaged in nurturing digitally native brands that will thrive in the modern Direct to Consumer (“DTC”) economy. We operate our business through three subsidiaries: MGOTeam1, LLC (“MGOTeam1”); Americana Liberty, LLC and MGO Digital LLC. On July 18, 2024, the Company effected a reverse stock split of the Company’s common stock at a ratio of 1-for-10. The Messi Store/MGOTeam 1 LLC MGOTeam1 designs, manufactures, licenses, distributes, advertises and sells a range of products under the soccer legend Lionel (‘Leo”) Messi brand, Messi Brand Messi Brand On October 29, 2018, the Company entered into a Trademark License Agreement with Leo Messi Management SL (“LMM”). LMM granted the Company a worldwide non-exclusive license in order to use Leo Messi’s trademarks with the purpose of developing, manufacturing, trading and promoting The Messi Brand products. On November 20, 2021, the Company entered into a new Trademark License Agreement with LMM to have the worldwide license to use Leo Messi’s trademarks for the purpose of developing, manufacturing, marketing, and promoting his products. The Company is to pay LMM a minimum guaranteed amount on account of royalties amounting to Four Million Euros ( 4,000,000 €) over the four-year agreement, net of taxes with the last payment due on November 15, 2024. On March 21, 2024, MGO assigned the Messi License to Centric Brands, which paid the Company $ 2,000,000 See Notes 2, 13 and 14. Stand Flagpoles/Americana Liberty, LLC On March 13, 2023, we obtained a royalty-free, worldwide and exclusive license (the “License”) to the use of certain assets of Stand Co., LLC (“Stand”) for all purposes in exchange for payment of $ 1.00 In support of our new flagpole business, we formed a wholly owned subsidiary, Americana Liberty, LLC (“Americana Liberty”), on March 13, 2023, which was created to advertise and sell the licensed line of Stand Flagpoles and other related products, along with an expanding line of patriotic-themed products to be developed and marketed to consumers under our new Americana Liberty brand. In addition, on May 11, 2023, we executed a 12-month consulting agreement with Jason Harward, the owner of Stand Co. and nephew of our former Chief Marketing Officer of the Company. The consultant shall furnish the Company with business continuity and consulting services, substantially similar to the following: providing general advice and counsel regarding establishment of systems and processes for direct-to-consumer (“DTC”) and ecommerce sales and operations; provide subject matter and product-level expertise in the area of flag-poles, flags, and related products; provide consultation regarding product sourcing and distribution; and assist with the establishment, operation, optimization, and maintenance of DTC and ecommerce platforms on behalf of the Company. Consultant will be compensated for services through a combination of cash or immediately available funds and restricted stock units or shares of the Company’s stock as follows: (1) cash in the amount of $ 150,000 200,000 15,000 109,679 MGO Digital LLC In November 2022, we formed MGO Digital LLC to leverage data analytics, advanced technology-enabled marketing and our leadership team’s industry relationships and expertise to identify, incubate and test market new proprietary brands and brand concepts.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation These unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all information and footnotes required by accounting principles generally accepted in the United States of America for annual financial statements. The accompanying unaudited consolidated interim financial statements should be read in conjunction with the audited consolidated financial statements and related notes thereto for the year ended December 31, 2023 included in the Company’s Annual Report on Form 10-K, Form 10-K/A and Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission on April 1, 2024, June 3, 2024 and August 13, 2024, respectively. Interim results for the three and nine months ended September 30, 2024 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2024. In the opinion of the Company’s management, the accompanying unaudited consolidated financial statements contain all of the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of September 30, 2024 and the results of operations and cash flows for the periods presented. The results of operations for the three and nine months ended September 30, 2024 are not necessarily indicative of the operating results for the full fiscal year or any future period. Management acknowledges its responsibility for the preparation of the accompanying unaudited consolidated financial statements which reflect all adjustments, consisting of normal recurring adjustments, considered necessary in its opinion for a fair statement of its consolidated financial position and the consolidated results of its operations for the periods presented. MGOTeam1 was formed on October 11, 2018, and the Company entered into a Rollover Agreement by and among MGOTeam1 and members of MGOTeam1 on December 6, 2021. All of the members of MGOTeam1, except for one member who owns a 11.82 881,800 11.82 We account for the 11.82 Principles of Consolidation The unaudited consolidated financial statements include the financial statements of the Company and its subsidiaries. All significant inter-company transactions and balances have been eliminated in consolidation. Reclassifications Certain amounts in prior periods have been reclassified to reflect the impact of the discontinued operations treatment in order to conform to the current period presentation. In addition, on July 18, 2024, the Company effected a reverse stock split at a ratio of 1-for-10 Discontinued Operations On March 20, 2024, MGOTeam1 entered into a term sheet with Centric, providing for the terms and conditions for MGOTeam1 to assign and Centric to assume the existing Trademark License Agreement (“License Agreement”), dated November 21, 2021, with an expiration date of December 31, 2024 (“Expiration Date”), between Leo Messi Management SL (“LMM”) and MGOTeam1. Pursuant to the term sheet, Centric assumed the Company’s minimum guarantee obligation to LMM under the License Agreement for payment due dates in 2024 amounting to € 1,500,000 2,000,000 On March 21, 2024, the Company, Centric and LMM signed a Deed of Novation, Assignment and Assumption (the “Deed”) providing for MGOTeam1 to assign all of its rights and obligations under the License Agreement to Centric, and Centric agreed to assume all of MGO’s rights and obligations in respect of the License Agreement with effect on and from March 21, 2024. No other assets or liabilities were assumed. See Note 10. Use of Estimates The preparation of the unaudited consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Our most critical estimates include those related to stock-based compensation, inventory and inventory allowance valuation. On an ongoing basis, we evaluate our estimates and assumptions. We base our estimates on historical experience and on various other factors that we believe are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results could differ from those estimates. Cash and Cash Equivalents Cash equivalents consist of highly liquid investments with maturities of three months or less when purchased. The Company maintains its cash with high credit quality financial institutions; at times, such balances with any one financial institution may exceed Federal Deposit Insurance Corporation (“FDIC”) insured limits. As of September 30, 2024 and December 31, 2023, the Company had $ 1,177,368 586,446 Accounts Receivable Accounts receivables are carried at their estimated collectible amounts, net of any estimated allowances for credit losses. We grant unsecured credit to our wholesale customers who are deemed creditworthy. Ongoing credit evaluations are performed, and potential credit losses estimated by management are charged to operations on a regular basis. At the time any particular account receivable is deemed uncollectible, the balance is charged to the allowance for doubtful accounts. As of September 30, 2024 and December 31, 2023, the Company had no Inventory Inventory consists of raw materials and finished goods ready for sale and is stated at the lower of cost or net realizable value. We value inventories using the weighted average costing method. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. We regularly review inventory and consider forecasts of future demand, market conditions and product obsolescence. If the estimated realized value of our inventory is less than cost, we make provisions in order to reduce its carrying value to its estimated net realizable value. The write downs are recognized as a component of cost of sales. As of September 30, 2024 and December 31, 2023, the Company had no Property and Equipment, Net Property and equipment is recorded at cost. Expenditures for renewals and improvements that significantly add to the productivity capacity or extend the useful life of an asset are capitalized. Expenditures for maintenance and repairs are expensed. When equipment is retired or sold, the cost and related accumulated depreciation are eliminated from the accounts and the resultant gain or loss is reflected in income. Depreciation is provided using the straight-line method, based on useful lives of the assets which is three years for computers, equipment and software. Depreciation expense from continuing operations for the nine months ended September 30, 2024 and 2023 was $ 81,590 38,321 SCHEDULE OF PROPERTY AND EQUIPMENT, NET USEFUL LIFE Classification Useful Life September 30, 2024 (unaudited) December 31, 2023 Computer equipment and software 3 $ 309,286 $ 308,774 Furniture 3 17,191 17,191 Property and equipment, gross 325,965 Less: Accumulated depreciation (88,903 ) (6,503 ) Property and equipment, net $ 238,384 $ 319,462 Revenue Recognition The Company recognizes revenues when its customer obtains control of promised goods or services, in an amount that reflects the consideration which it expects to receive in exchange for those goods. The Company recognizes revenues following the five step model prescribed under ASU No. 2014-09: (i) identify contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenues when (or as) we satisfy the performance obligation. Revenue transactions associated with the sale of Stand Flagpoles www.standflagpoles.com For the three and nine months ended September 30, 2024 and 2023, the Company generated revenues of $ 565,400 2,661,253 1,054,161 2,823,601 Non-Controlling Interest As of December 6, 2021, one shareholder did not rollover its 11.82 Consolidation 5,229 (62,800) 229,073 (185,556) Foreign Currency The Company’s functional and reporting currency is the U.S. dollar. Transactions in foreign currencies are recorded at the exchange rate prevailing on the date of the transaction. The resulting monetary assets and liabilities are translated into U.S. dollars at exchange rates prevailing on the subsequent balance sheet date. Revenue and expense components are translated to U.S. dollars at weighted-average exchange rates in effect during the period. Foreign currency transaction gains and losses resulting from remeasurement are recognized in other income, net within the consolidated statements of operations. Segment Reporting On March 21, 2024, the Company discontinued operations of The Messi Store Income Taxes The Company accounts for income taxes using the asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the Company’s financial statements or tax returns. In estimating future tax consequences, the Company generally considers all expected future events other than enactments of changes in the tax law. For deferred tax assets, management evaluates the probability of realizing the future benefits of such assets. The Company establishes valuation allowances for its deferred tax assets when evidence suggests it is unlikely that the assets will be fully realized. The Company recognizes the tax effects of an uncertain tax position only if it is more likely than not to be sustained based solely on its technical merits as of the reporting date and then only in an amount more likely than not to be sustained upon review by the tax authorities. Income tax positions that previously failed to meet the more likely than not threshold is recognized in the first subsequent financial reporting period in which that threshold is met. Previously recognized tax positions that no longer meet the more likely than not threshold is derecognized in the first subsequent financial reporting period in which that threshold is no longer met. The Company classifies potential accrued interest and penalties related to unrecognized tax benefits within the accompanying consolidated statements of operations as income tax expense. Recently Adopted Accounting Pronouncements In November 2023, the FASB issued Accounting Standards Update 2023-07 – Segment Reporting (Topic ASC 280) Improvements to Reportable Segment Disclosures. The ASU improves reportable segment disclosure requirements, primarily through enhanced disclosure about significant segment expenses. The enhancements under this update require disclosure of significant segment expenses that are regularly provided to the Chief Operating Decision Maker (“CODM”) and included within each reported measure of segment profit or loss, require disclosure of other segment items other segment items Recently Issued Accounting Pronouncements Not Yet Adopted In December 2023, the FASB issued Accounting Standards Update 2023-09 – Income Taxes (Topic ASC 740) Income Taxes. The ASU improves the transparency of income tax disclosures by requiring (1) consistent categories and greater disaggregation of information in the rate reconciliation and (2) income taxes paid disaggregated by jurisdiction. It also includes certain other amendments to improve the effectiveness of income tax disclosures. The amendments in ASU 2023-09 will become effective at the beginning of our 2025 fiscal year. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. We do not expect that this guidance will have a material impact upon our financial position and results of operations.	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation These consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and include all adjustments necessary for the fair presentation of the Company’s financial position for the periods presented. MGOTeam1 was formed on October 11, 2018, and the Company entered into a Rollover Agreement by and among MGOTeam1 and members of MGOTeam1 on December 6, 2021. All of the members of MGOTeam1, except for one member who owns a 11.82 % membership interest in MGOTeam1, exchanged all of their membership interests in MGOTeam1 for 881,800 shares of the Company’s common stock. A sole MGOTeam1’s member did not rollover its 11.82 % membership interest in MGOTeam1 to the Company as of December 6, 2021, and remains a member in MGOTeam1. We account for the 11.82 Principles of Consolidation The consolidated financial statements include the financial statements of the Company and its subsidiaries. All significant inter-company transactions and balances have been eliminated in consolidation. Reclassifications Certain amounts in prior periods have been reclassified to reflect the impact of the discontinued operations treatment in order to conform to the current period presentation. In addition, on July 18, 2024, the Company effected a reverse stock split at a ratio of 1-for-10. Accordingly, the financial statements presented in this Form 10-K/A have been adjusted to reflect the reverse stock split historically. Estimates The preparation of the consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Our most critical estimates include those related to stock-based compensation, inventory and inventory allowance valuation. On an ongoing basis, we evaluate our estimates and assumptions. We base our estimates on historical experience and on various other factors that we believe are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results could differ from those estimates. Cash and Cash Equivalents Cash equivalents consist of highly liquid investments with maturities of three months or less when purchased. The Company maintains its cash with high credit quality financial institutions; at times, such balances with any one financial institution may exceed the Federal Deposit Insurance Corporation (“FDIC”) insured limit of $ 250,000 . As of December 31, 2023 and 2022, the Company had $ 586,013 and $ 0 in excess of the federal insurance limit, respectively. Accounts Receivable Accounts receivables are carried at their estimated collectible amounts, net of any estimated allowances for credit losses. We grant unsecured credit to our wholesale customers which are deemed creditworthy. Ongoing credit evaluations are performed and potential credit losses estimated by management are charged to operations on a regular basis. At the time any particular account receivable is deemed uncollectible, the balance is charged to the allowance for credit losses. As of December 31, 2023 and December 31, 2022, the Company had no Inventory Inventory consists of raw materials and finished goods ready for sale and is stated at the lower of cost or net realizable value. We value inventories using the weighted average costing method. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. We regularly review inventory and consider forecasts of future demand, market conditions and product obsolescence. If the estimated realized value of our inventory is less than cost, we make provisions in order to reduce its carrying value to its estimated net realizable value. The write downs are recognized as a component of cost of sales. As of December 31, 2023 and December 31, 2022, the Company had no allowances for inventory obsolescence. Property and Equipment, Net Property and equipment is recorded at cost. Expenditures for renewals and improvements that significantly add to the productivity capacity or extend the useful life of an asset are capitalized. Expenditures for maintenance and repairs are expensed. When equipment is retired or sold, the cost and related accumulated depreciation are eliminated from the accounts and the resultant gain or loss is reflected in income. Depreciation is provided using the straight-line method, based on useful lives of the assets which is three years for computers, equipment and software. Depreciation expense from continuing operations for the years ended December 31, 2023 and 2022, was $ 6,502 and $ 0 , respectively. Accumulated depreciation from continuing operations as of December 31, 2023 and 2022 was $ 6,503 and $ 0 , respectively. SCHEDULE OF PROPERTY AND EQUIPMENT, NET USEFUL LIFE Useful Life December 31, 2023 December 31, 2022 Computer equipment and software 3 $ 308,774 $ - Furniture 3 17,191 - Total property and equipment 325,965 Less: Accumulated depreciation (6,503 ) - Property and equipment, net $ 319,462 $ - Leases The Company determines if an arrangement is or contains a lease at inception or modification of the arrangement. An arrangement is or contains a lease if there are identified assets and the right to control the use of an identified asset is conveyed for a period of time in exchange for consideration. Control over the use of the identified asset means the lessee has both the right to obtain substantially all of the economic benefits from the use of the asset and the right to direct the use of the asset. The Company executed a one-year office lease in February 2023. Due to the short-term nature of the lease, the Company did not account for the lease as a right of use asset. Subsequent to December 31, 2023, the Company renewed the office lease for an additional one-year term. Accounts Payable The composition of accounts payable and accrued expenses from continuing operations are as follows: SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES December 31, 2023 December 31, 2022 Accounts payable $ 184,677 $ - Accounts payable, related party 5,678 - Accounts payable 5,678 - Accrued liabilities 216,297 9,972 Accrued payroll 533,643 - Total accounts payable and accrued expenses $ 940,295 $ 9,972 Warrants The Company accounts for a warrant as an equity instrument, liability or share-based compensation in accordance with ASC 480, Distinguishing Liabilities from Equity, and/or ASC 718, Compensation – Stock Compensation, depending on the specific terms of the agreement. Stock-Based Compensation Stock-based compensation expense reflects the fair value of stock-based awards measured at the grant date and recognized over the requisite service period. The Company estimates the fair value of each stock-based option award on the measurement date using the Black-Scholes option valuation model which incorporates assumptions as to stock price volatility, the expected life of the options, risk-free interest rate and dividend yield. For restricted stock awards, the Company records the value of the Company stock at the date of the grant as stock-based compensation expense. Revenue Recognition The Company recognizes revenues when its customer obtains control of promised goods or services, in an amount that reflects the consideration which it expects to receive in exchange for those goods. The Company recognizes revenues following the five step model prescribed under ASU No. 2014-09: (i) identify contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenues when (or as) we satisfy the performance obligation. Revenue transactions associated with the sale of Messi Brand Stand Flagpoles www.themessistore.com www.standflagpole.com For the years ended December 31, 2023 and 2022, the Company generated revenues of $ 3,668,926 and $ 0 , respectively, directly from consumers via our website. The following table presents net revenue by geographic location which is recognized at a point in time: SCHEDULE OF NET REVENUE BY GEOGRAPHIC LOCATION Year Ended December 31, 2023 Total United States $ 3,667,176 Rest of the World 1,750 Total Revenues $ 3,668,926 Year Ended December 31, 2022 Total United States $ - Rest of the World - Total Revenues $ - Non-Controlling Interest As of December 6, 2021, one shareholder did not rollover its 11.82 Consolidation 227,061 294,411 Foreign currency The Company’s functional and reporting currency is the U.S. dollar. Transactions in foreign currencies are recorded at the exchange rate prevailing on the date of the transaction. The resulting monetary assets and liabilities are translated into U.S. dollars at exchange rates prevailing on the subsequent balance sheet date. Revenue and expense components are translated to U.S. dollars at weighted-average exchange rates in effect during the period. Foreign currency transaction gains and losses resulting from remeasurement are recognized in other income, net within the consolidated statements of operations. Segment Reporting On March 21, 2024, the Company discontinued operations of The Messi Store due to the Deed executed with Centric, LMM and the Company. As such, the Company is no longer required to provide segment reporting, as the Company has only one reportable segment as of June 30, 2024. Income Taxes The Company accounts for income taxes using the asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the Company’s financial statements or tax returns. In estimating future tax consequences, the Company generally considers all expected future events other than enactments of changes in the tax law. For deferred tax assets, management evaluates the probability of realizing the future benefits of such assets. The Company establishes valuation allowances if it is more likely than not that some portion or all of the deferred assets will not be realized. The Company has evaluated the positive and negative evidence bearing upon its ability to realize the deferred tax assets. Management has considered the Company’s history of cumulative net losses incurred and has concluded that it is more likely than not that the Company will not realize the benefits of the deferred tax assets. Accordingly, a full valuation allowance has been established against the deferred tax assets as of December 31, 2023 and 2022 The Company recognizes the tax effects of an uncertain tax position only if it is more likely than not to be sustained based solely on its technical merits as of the reporting date and then only in an amount more likely than not to be sustained upon review by the tax authorities. Income tax positions that previously failed to meet the more likely than not threshold are recognized in the first subsequent financial reporting period in which that threshold is met. Previously recognized tax positions that no longer meet the more likely than not threshold are derecognized in the first subsequent financial reporting period in which that threshold is no longer met. The Company classifies potential accrued interest and penalties related to unrecognized tax benefits within the accompanying consolidated statements of operations as income tax expense. As of the year ended December 31, 2023 there was no income tax expense reported by the Company. Net Loss Per Share Basic net loss per share is calculated by dividing net loss available to ordinary shareholders by the weighted-average number of common shares outstanding during the period excluding the effects of any potentially dilutive securities. Diluted net loss per share is computed similar to basic loss per share, except that the denominator is increased to include the number of additional common shares that would have been outstanding if potential common shares had been issued if such additional common shares were dilutive. Since the Company had net losses for all the periods presented, basic and diluted loss per share are the same, and additional potential common shares have been excluded, as their effect would be anti-dilutive. At December 31, 2023 and 2022, total stock options of 114,000 and 0 , respectively, and warrants of 15,978 and 70,000 , respectively, were not included in the net loss per share calculation as their effect would have been anti-dilutive. Fair Value Measurements The Company has determined the fair value of certain assets and liabilities in accordance with generally accepted accounting principles, which provides a framework for measuring fair value. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques should maximize the use of observable inputs and minimize the use of unobservable inputs. A fair value hierarchy has been established, which prioritizes the valuation inputs into three broad levels. Level 1 inputs consist of quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the related asset or liability. Level 3 inputs are unobservable inputs related to the asset or liability. Recently Adopted Accounting Pronouncements In June 2016 and subsequently amended in March 2022, the FASB issued ASC 326, Financial Instruments – Credit Losses (Topic 326): Measurements of Credit Losses on Financial Instruments (“ASC 326”), which replaces the existing incurred loss model with a current expected credit loss (“CECL”) model that requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The Company would be required to use a forward-looking CECL model for accounts receivables, guarantees and other financial instruments. The Company adopted ASC 326 on January 1, 2023 and ASC 326 did not have a material impact on its consolidated financial statements. Recently Issued Accounting Pronouncements Not Yet Adopted In November 2023, the FASB issued Accounting Standards Update 2023-07 – Segment Reporting (Topic ASC 280) Improvements to Reportable Segment Disclosures. The ASU improves reportable segment disclosure requirements, primarily through enhanced disclosure about significant segment expenses. The enhancements under this update require disclosure of significant segment expenses that are regularly provided to the Chief Operating Decision Maker (“CODM”) and included within each reported measure of segment profit or loss, require disclosure of other segment items other segment items In December 2023, the FASB issued Accounting Standards Update 2023-09 – Income Taxes (Topic ASC 740) Income Taxes. The ASU improves the transparency of income tax disclosures by requiring (1) consistent categories and greater disaggregation of information in the rate reconciliation and (2) income taxes paid disaggregated by jurisdiction. It also includes certain other amendments to improve the effectiveness of income tax disclosures. The amendments in ASU 2023-09 will become effective beginning of our 2025 fiscal year. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. We do not expect that this guidance will have a material impact upon our financial position and results of operations.

GOING CONCERN

GOING CONCERN	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	NOTE 3 – GOING CONCERN In the pursuit of MGO’s long-term growth strategy and the development of its growing portfolio of brands, the Company has incurred continued operating losses. As of September 30, 2024, we had working capital of $ 2,393,015 5,663,027 3,596,339 4,715,475 6,396,563 On February 8, 2024, we filed a shelf registration statement on Form S-3 (“S-3”) to provide our Company with the flexibility to issue and sell securities if and when deemed appropriate to support our ongoing business operations and in the best interest of our shareholders. The S-3 contained two prospectuses: i) a base prospectus that covers the potential offering, issuance and sale from time to time of our common stock, preferred stock, warrants, debt securities and units in one or more offerings with a total value of up to $100,000,000; and ii) a sales agreement prospectus covering the potential offering, issuance and sale from time to time of shares of our common stock having an aggregate gross sales price of up to $1,650,000 pursuant to an equity distribution agreement entered into with the New York-based investment banking firm, Maxim Group LLC (“At-the-Market Offering” or “ATM”). 1,650,000 3,389,384 3,215,752	NOTE 3 – GOING CONCERN In the pursuit of MGO’s long-term growth strategy and the development of its growing portfolio of brands, the Company has incurred continued operating losses. As of December 31, 2023 and 2022, we had a working capital surplus of $ 602,286 . For the years ended December 31, 2023 and 2022, we incurred losses from continuing operations of $ 5,483,626 and $ 364,502 respectively, and cash used in continuing operating activities of $ 7,244,305 and $ 1,675,571 , respectively. We believe the cash on hand, in connection with cash generated from future revenue, may not be sufficient to sustain continued operating losses. On February 8, 2024, we filed a shelf registration statement on Form S-3 (“S-3”) to provide our Company with the flexibility to issue and sell securities if and when deemed appropriate to support our ongoing business operations and in the best interest of our shareholders. The S-3 contained two prospectuses: i) a base prospectus that covers the potential offering, issuance and sale from time to time of our common stock, preferred stock, warrants, debt securities and units in one or more offerings with a total value of up to $100,000,000; and ii) a sales agreement prospectus covering the potential offering, issuance and sale from time to time of shares of our common stock having an aggregate gross sales price of up to $1,650,000 pursuant to an equity distribution agreement entered into with the New York-based investment banking firm, Maxim Group LLC (“At-the-Market Offering” or “ATM”). On June 7, 2024, MGO entered into an Amendment No. 1 (“Amendment”) to the equity distribution agreement for the ATM whereby the offering size was amended to reflect an increase in the aggregate gross sales price from $ 1,650,000 3,389,384 1,665,533 . See Note 14 . The Company is continually evaluating strategies to obtain required additional funding to support our future operations. These strategies may include, but are not limited to, equity financing, issuing or restructuring debt, entering into other financing arrangements, and restructuring operations to increase revenues and decrease expenses. Any additional equity financing that we obtain may dilute the ownership held by our existing shareholders. The economic dilution to our shareholders will be significant if our stock price does not materially increase, or if the effective price of any sale is below the price paid by a particular shareholder. The Company may be unable to access further equity or debt financing when needed or obtain additional liquidity under acceptable terms, if at all. As such, these factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern for a period of twelve (12) months from the date these financial statements are issued.

INVENTORY

INVENTORY	12 Months Ended
	Dec. 31, 2023
Inventory Disclosure [Abstract]
INVENTORY	NOTE 4 – INVENTORY As of December 31, 2023 and December 31, 2022, net inventories amounted to $ 607,022 and $ 0 , respectively. SCHEDULE OF INVENTORY December 31, 2023 December 31, 2022 Finished goods $ 607,022 $ - Total $ 607,022 $ -

BALANCE SHEET ITEMS

BALANCE SHEET ITEMS	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BALANCE SHEET ITEMS	NOTE 4 – BALANCE SHEET ITEMS Inventory As of September 30, 2024 and December 31, 2023, inventory amounted to $ 1,049,359 607,022 Prepaid Expenses As of September 30, 2024 and December 31, 2023, prepaid expenses amounted to $ 56,979 178,425 SCHEDULE OF PREPAID EXPENSES September 30, 2024 (unaudited) December 31, 2023 Prepaid expenses $ 49,479 $ 5,577 Prepaid rent 7,500 7,500 Prepaid inventories - 165,348 Total $ 56,979 $ 178,425 Accounts Payable and Accrued Liabilities (Including Related Parties) Accounts payable and accrued liabilities were $ 152,929 940,296 SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES September 30, 2024 (unaudited) December 31, 2023 Accounts payable $ 51,170 $ 184,677 Accounts payable, related party 2,769 5,678 Accounts payable 2,769 5,678 Accrued liabilities 40,340 216,297 Accrued payroll 58,648 533,643 Total $ 152,927 $ 940,295 Commitments and Contingencies In January 2024, the Company entered into a financing agreement for the Company’s Directors and Officers insurance policy with First Insurance Funding at an interest rate of 7.58 %, a principal balance of $ 225,185 and a monthly payment of $ 23,308 over the nine-month term of the promissory note. The loan matured on October 12, 2024 On August 7, 2024, Americana Liberty entered into a business loan agreement (the “Loan Agreement”) and a promissory note (the “Note”) for $ 250,000 8.15 August 7, 2026 In connection with the Loan Agreement, the Company signed a commercial guaranty (the “Guaranty”) dated August 7, 2024, pursuant to which it guarantees full and punctual payment of the indebtedness of Americana Liberty under the Loan Agreement and the Note. The Company and Americana Liberty also signed an assignment of deposit account (the “Assignment”), dated August 7, 2024, pursuant to which the Company assigned and granted to Platinum Bank a security interest in the savings account with Platinum Bank with an approximate balance of $ 250,000 Nasdaq Deficiency Notices, Hearings Panel Determinations and Reverse Stock Split On April 17, 2024, the Company received a notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that 180 calendar day period that it had been provided by Nasdaq to regain compliance with Nasdaq Listing Rule 5550(a)(2) on April 16, 2024 did not result in the Company regaining compliance. As a consequence, the Company is not eligible for a second 180 day period, because the Company does not meet the $5,000,000 minimum The Notice further stated unless the Company requests an appeal of the above determination by April 24, 2024, Nasdaq has determined that the Company’s securities will be scheduled for delisting from The Nasdaq Capital Market and will be suspended at the opening of business on April 26, 2024, and a Form 25-NSE will be filed with the SEC, which will remove the Company’s securities from listing and registration on The Nasdaq Stock Market. On April 18, 2024, the Company formally requested a hearing before Nasdaq’s Hearings Panel (the “Panel”) and such request was granted by Nasdaq on April 19, 2024. The hearing date was scheduled for May 30, 2024. On May 30, 2024, senior members of MGO’s executive team and the Company’s SEC counsel participated in the hearing before the Nasdaq’s Hearings Panel and endeavored to address all questions and concerns posed by the panelists relating to the Company’s plan to regain compliance with the continued listing standards (the “Plan”) – the Plan was formally submitted to the members of the Nasdaq Hearings Panel on May 8, 2024. In accordance with the Plan, MGO requested at least until August 15, 2024 to evidence compliance with the Equity Rule and Bid Price Rule for continued listing on The Nasdaq Capital Market through execution of the Plan. On June 14, 2024, MGO received notice from Nasdaq confirming that the Nasdaq Hearings Panel (the “Panel”) has determined to grant the request of MGO to continue its listing on The Nasdaq Stock Market subject to the following: 1. On or before July 15, 2024, the Company will effect a reverse stock split at a ratio of 1-for-10. See Note 1 and 11 2. On or before August 15, 2024, the Company will (a) complete the transactions described to the Panel to achieve compliance with Listing Rule 5550(b)(1) (or its alternatives) and (b) demonstrate compliance with Listing Rule 5550(a)(2) by evidencing a closing bid price of $1.00 or more per share for a minimum of ten (10) consecutive trading sessions; 3. On or before August 21, 2024, the Company must file a Form 8-K describing these transactions and indicating its post-transaction equity. The Company may do so with a balance sheet no older than 60 days containing pro forma adjustments for significant transactions or events occurring on or before the report date. Alternatively, the Company can provide an affirmative statement that, as of the date of the report, it believes it has regained compliance with the stockholders’ equity requirement based upon the specific transactions or events described; and 4. At the time of filing the Form 8-K, the Company must demonstrate compliance with all other applicable requirements for continued listing on the Nasdaq Capital Market. The Company filed a Current Report on Form 8-K on August 12, 2024, stating that the Company believes that it is in compliance with the Nasdaq minimum stockholders’ equity requirement as of August 9, 2024. However, on August 16, 2024, Nasdaq notified the Company that it was not able to confirm the Company’s compliance with the net equity requirement based on the information provided by the Company. On August 21, 2024, MGO provided supplemental information for Nasdaq and the Hearings Panel’s review. On September 30, 2024, Nasdaq notified the Company that after reviewing the supplemental materials provided by the Company, the Hearings Panel confirmed the Company has cured the previous deficiencies with the equity requirement and the bid price requirement and the Company is back in compliance with all applicable continued listing standards	NOTE 5 – PREPAID EXPENSES AND OTHER CURRENT ASSETS BALANCE SHEET ITEMS As of December 31, 2023 and December 31, 2022, prepaid expenses amounted to $ 185,925 and $ 0 , respectively. SCHEDULE OF PREPAID EXPENSES December 31, 2023 December 31, 2022 Prepaid expenses $ 178,425 $ - Prepaid rent 7,500 - Total $ 185,925 $ -

LOAN PAYABLE

LOAN PAYABLE	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
LOAN PAYABLE	NOTE 5 – LOAN PAYABLE On January 24, 2024, MGO entered into a 52-week loan with PayPal for $ 85,000 10,312 95,312 1,833 27,788	NOTE 6 – LOAN PAYABLE On May 25, 2022, the Company entered into a loan with PayPal with an interest rate of 6.51 %, principal balance of $ 25,000 and a monthly payment of $ 539 over the term of the loan. This loan matured on May 25, 2023 . The Company paid the principal balance of $ 10,793 and incurred $ 456 interest during the year ended December 31, 2023. The balance of this loan was $ 0 and $ 10,793 and included current liabilities from discontinued operations as of December 31, 2023 and 2022, respectively. The loan principal and accrued interest have been paid off as of December 31, 2023. See Note 13

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 6 – RELATED PARTY TRANSACTIONS The accounts payable owed to our related parties as of September 30, 2024 and December 31, 2023 was $ 2,769 5,678 The accrued payroll owed to our executives and staff as of September 30, 2024 and December 31, 2023 was $ 58,648 533,643 On May 11, 2023, we executed a 12-month consulting agreement with Jason Harward (“Consultant”), the owner of Stand and nephew of Matt Harward, MGO’s former Chief Marketing Officer. The consulting agreement compensation terms were $ 350,000 15,000 51,587 123,914 On April 2, 2024, the Board of Directors (the “Board”) of MGO, at the recommendation of the Compensation Committee (the “Committee”), approved an increase in the base salary of Ms. Dana Perez, the Company’s Chief Financial Officer, from $ 165,000 200,000 5,000 one-year Also see Note 7.	NOTE 7 – RELATED PARTY TRANSACTIONS The Company borrowed $ 39,642 21,976 5,914 3,000 0 52,404 23,844 47,602 0 123,850 The accounts payable owed to our Chairman and CEO as of December 31, 2023 and December 31, 2022 was $ 423 0 The accounts payable owed to our Chief Brand Officer and Director as of December 31, 2023 and December 31, 2022 was $ 0 11,600 The accounts payable owed to our Chief Operating Officer as of December 31, 2023 and December 31, 2022 was $ 0 10,933 The accounts payable owed to our Board of Directors as of December 31, 2023 and December 31, 2022 was $ 32,547 0 The accounts payable owed to our employees and consultants as of December 31, 2023 and December 31, 2022 was $ 17,911 0 During the year ended December 31, 2023 and 2022, related party imputed interest was $ 0 13,420 The accrued payroll owed to our CEO, COO, Chief Brand Officer and employees and contractors as of December 31, 2023 and December 2022 was $ 367,230 764,050 On May 11, 2023, we executed a 12-month consulting agreement with Jason Harward (“Consultant”), the owner of Stand and nephew of Matt Harward, MGO’s former Chief Marketing Officer. See Note 14. $ 150,000 was paid in cash to the Consultant, $ 70,000 was accrued in selling, general, administrative expense and $ 109,679 related to stock-based compensation expense for the fair value of the 15,000 restricted stock units awarded per the consulting agreement were recorded as of December 31, 2023.

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Equity [Abstract]
STOCKHOLDERS’ EQUITY	NOTE 7 – STOCKHOLDERS’ EQUITY Common Stock On January 12, 2023, the Company entered into an underwriting agreement (the “Underwriting Agreement”) with Boustead Securities, LLC, as representative of the underwriters, relating to the Company’s initial public offering (the “Offering”) of 172,500 0.00001 22,500 50.00 Pursuant to the Underwriting Agreement, in exchange for the Representative’s firm commitment to purchase the Shares, the Company agreed to sell the Shares to the Representative at a purchase price of $46.50 (93% of the public offering price per Share of $50.00) and issue the underwriters three-year warrants to purchase an aggregate of 8,625 shares of the Company’s common stock, which is equal to five percent (5%) of the Shares sold in the Offering. Such warrants have an exercise price of $6.25, which is equal to 125% of the Offering price (the “Warrant”). The Shares were offered and sold pursuant to the Company’s Registration Statement on Form S-1 (File No. 333-268484), as amended (the “Registration Statement”), and filed with the Securities and Exchange Commission (the “Commission”) and the final prospectus filed with the Commission pursuant to Rule 424(b)(4) of the Securities Act of 1933, as amended (the “Securities Act”). The Registration Statement was declared effective by the Commission on January 12, 2023. The closing of the Offering for the Shares took place on January 18, 2023 with net proceeds of $ 7,560,354 22,500 In January 2023, the Company issued 70,000 10.00 In January 2023, the Company issued 12,731 16,448 On January 13, 2023, in connection with the Offering, the Company commenced trading on The Nasdaq Capital Market under ticker symbol “MGOL.” In February 2024, the Company issued 23,202 4.31 99,999 On April 12, 2024, the Board unanimously authorized and approved an amendment (“Plan Amendment”) to MGO’s 2022 Equity Incentive Plan (the “2022 Plan”) to increase the number of shares of the Company’s common stock, par value $0.00001 per share 182,451 451,188 205,071 On June 4, 2024, MGO issued a total of 182,869 41,633 41,633 41,633 22,297 8,919 Between July 1, 2024, and August 19, 2024, 9,500 On July 11, 2024, 2,000 2,000 2,000 On July 18, 2024, the Company effected a reverse stock split at a ratio of 1-for-10 On August 5, 2024, MGO issued a total of 22,000 4,986 4,987 4,987 2,640 1,100 Throughout the first nine months of 2024, 502,529 Throughout the first nine months of 2024, the Company sold 781,438 2.18 10.16 3,215,752 Stock Options The following is a summary of stock option activity for the nine months ended September 30, 2024: SUMMARY OF STOCK OPTION ACTIVITY Number of Stock Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Outstanding, December 31, 2023 114,000 $ 50.00 4.04 Granted 30,000 4.10 Forfeited (114,000 ) 50.00 Canceled (30,000 ) 4.10 Outstanding, September 30, 2024 - - - Exercisable, September 30, 2024 - - - The Company estimated the fair value of the stock-based compensation using the Black Scholes Model with the following assumption inputs: SCHEDULE OF FAIR VALUE OF STOCK BASED COMPENSATION ASSUMPTION INPUTS For the Nine Months Expected life of the options 2.88 5.00 Share price of the issuance date $ 4.10 Expected volatility 95 147.18 % Expected dividend rate 0 % Risk-free interest rate 4.38 % For the nine months ended September 30, 2024, the Company’s stock option compensation expenses amounted to $ 202,597 0 Restricted Stock Units (“RSUs”) The following is a summary of RSU activity for the nine months ended September 30, 2024: SUMMARY OF RESTRICTED STOCK UNITS ACTIVITY Shares Weighted Outstanding as of December 31, 2023 40,172 $ 14.10 Granted 524,730 3.63 Canceled (39,166 ) 5.60 Vested and issued (525,736 ) 4.14 Outstanding and unvested as of September 30, 2024 - $ - The aggregate fair value of RSU awards granted was $ 1,903,130 1,774,372 0	NOTE 8 – STOCKHOLDERS’ EQUITY (DEFICIT) STOCKHOLDERS’ EQUITY Common Stock On January 12, 2023, the Company entered into an underwriting agreement (the “Underwriting Agreement”) with Boustead Securities, LLC, as representative of the underwriters, relating to the Company’s initial public offering (the “Offering”) of 172,000 shares (the “Shares”) of the Company’s common stock, par value $ 0.00001 per share (“common stock”), which included the exercise by the underwriters in full of the over-allotment option to purchase an additional 22,500 shares of the Company’s common stock, at an Offering price of $ 50.00 per share. Pursuant to the Underwriting Agreement, in exchange for the Representative’s firm commitment to purchase the Shares, the Company agreed to sell the Shares to the Representative at a purchase price of $46.50 (93% of the public offering price per Share of $50.00) and issue the underwriters three year warrants to purchase an aggregate of 8,625 shares of the Company’s common stock, which is equal to five percent (5%) of the Shares sold in the Offering. Such warrants have an exercise price of $62.50, which is equal to 125% of the Offering price (the “Warrant”). The Shares were offered and sold pursuant to the Company’s Registration Statement on Form S-1 (File No. 333-268484), as amended (the “Registration Statement”), and filed with the Securities and Exchange Commission (the “Commission”) the final prospectus filed with the Commission pursuant to Rule 424(b)(4) of the Securities Act of 1933, as amended (the “Securities Act”). The Registration Statement was declared effective by the Commission on January 12, 2023. The closing of the Offering for the Shares took place on January 18, 2023 with proceeds of $ 7,560,354 , net of $ 1,064,646 of issuance costs, which included 22,500 shares sold by the Company upon the exercise by the underwriters of the over-allotment option in full. The Company used the net proceeds from the Offering for team expansion, marketing, general and administrative corporate purposes, including working capital and capital expenditures. In January 2023, the Company issued 70,000 shares to the Pre-IPO funding investors pursuant to the exercise of their warrants at fair value of $ 10.00 per share. In January 2023, the Company issued 12,731 shares to Boustead Securities, LLC pursuant to the cashless exercise of their 16,448 warrants. On January 13, 2023, in connection with the Offering, the Company commenced trading on The Nasdaq Capital Market under ticker symbol “MGOL.” In November and December 2023, the Company issued 1,125 shares of common stock for consulting services at fair value of $ 5,281 . In November and December 2023, the Company issued 1,334 shares for the vested Restricted Stock Units issued to directors at fair value of $ 6,666 . On July 18, 2024, the Company effected a reverse stock split of the Company’s common stock at a ratio of 1-for-10 During the year ended December 31, 2022, the Company had the following common stock transactions: The Company issued 192,500 1,712,564 212,436 14,123 141,731 3,000 30,000 SCHEDULE OF FAIR VALUE ASSUMPTIONS For the Year Ended December 31, 2022 Expected term 5 Expected average volatility 328 339 % Expected dividend yield - Risk-free interest rate 1.76 2.89 % Warrants For the year ended December 31, 2021, the Company issued a total of 5,425 five-year warrants to Boustead Securities, LLC, an investment banking firm, with an exercise price of $ 10.00 per share. Upon the issuance of the warrant as compensation for its services as an investment banker, the warrant was categorized as equity and the fair value of $ 54,217 was recorded as transaction expense for the year ended December 31, 2021. On January 20, 2023, these warrants were exercised for a price of $ 10.00 with proceeds from the exercise recorded as additional paid in capital. For the year ended December 31, 2022, the Company issued a total of 88,375 five-year warrants, with an exercise price of $ 10.00 per share. Included in the issuance was 18,375 warrants to Boustead Securities, LLC (“Boustead”) as compensation for its services as an underwriter. The warrants were categorized as equity and the fair value of $ 183,686 was recorded as a transaction expense. In November 2022, 23,800 warrants were cancelled upon a mutual agreement between the Company and Boustead. As part of the IPO and underwriting agreements in January 2023, the Company issued to Boustead a total of 8,625 warrants, which expire in three years , and have an exercise price of $ 62.50 per share. On January 20, 2023, Boustead exercised 8,625 warrants in a cashless exercise transaction. In addition, 70,000 of additional outstanding warrants were exercised for a price of $ 10.00 with proceeds from the exercise recorded as additional paid in capital for the year ended December 31, 2023. The following is a summary of warrant activity for the year ended December 31, 2023: SUMMARY OF WARRANT ACTIVITY Number of Warrants Weighted Average Exercise Price Weighted Average Remaining Contractual Life Aggregate Intrinsic Outstanding, December 31, 2022 70,000 $ 10.00 4.70 $ - Granted 8,625 10.00 - - Forfeited - - - - Exercised (78,625 ) 10.00 - - Outstanding, December 31, 2023 - $ - - $ - Exercisable, December 31, 2023 - $ - - $ - The following is a summary of warrant activity for the year ended December 31, 2022: Number of Warrants Weighted Average Exercise Price Weighted Average Remaining Contractual Life Aggregate Intrinsic Value Outstanding, December 31, 2021 5,425 $ 10.00 3.98 $ - Granted 88,375 10.00 4.74 - Forfeited (23,800 ) - - - Exercised - - - - Outstanding, December 31, 2022 70,000 $ 10.00 4.70 $ - Exercisable, December 31, 2022 70,000 $ 10.00 4.70 $ - The Company utilizes the Black-Scholes model to value its warrants. The Company utilized the following assumptions for the warrants issued for the year ended December 31, 2022: SCHEDULE OF FAIR VALUE ASSUMPTIONS For the Year Ended December 31, 2022 Expected term 5 Expected average volatility 328 339 % Expected dividend yield - Risk-free interest rate 1.76 2.89 %

STOCK COMPENSATION

STOCK COMPENSATION	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
STOCK COMPENSATION	NOTE 9 – STOCK COMPENSATION On August 15, 2022, our Board of Directors (the “Board”) and our stockholders approved our 2022 Equity Incentive Plan (the “2022 Plan”). The 2022 Plan governs equity awards to our employees, directors, officers, consultants and other eligible participants. Initially, the maximum number of shares of our Common Stock that may be subject to awards under the 2022 Plan is 218,647 . The maximum number of shares that are subject to awards under the 2022 Plan is subject to an annual increase equal to the lesser of (i) 50,000 shares of our Common Stock; (ii) a number of shares of our Common Stock equal to 4% of the prior year’s maximum number or (iii) such number of shares of our Common Stock as determined by the 2022 Plan administrator. On April 12, 2024, the Board unanimously authorized and approved an amendment (“Plan Amendment”) to MGO’s 2022 Equity Incentive Plan (the “2022 Plan”) to increase the number of shares of the Company’s common stock, par value $0.00001 per share 182,451 451,188 205,071 The types of awards permitted under the 2022 Plan include nonqualified stock options, qualified stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares, performance units and other awards. Each option shall be exercisable at such times and subject to such terms and conditions as the Board may specify. Equity awards are generally granted with an exercise price equal to the market price of the Company’s ordinary shares at the date of grant; those options have ten-year contractual terms and vest according to the vesting plan as designated by management, generally between immediate vesting to three-year continued service term. Certain equity awards provide for accelerated vesting if there is a change in control, as defined in the plans. The fair value of each option award is estimated on the date of grant using a Black Scholes option-pricing model. The Company uses historical option exercise and termination data to estimate the term the options are expected to be outstanding. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant. The expected dividend yield is calculated using historical dividend amounts and the stock price at the option issue date. The expected volatility is determined using the volatility of peer companies. Stock Options On August 1, 2023, MGO issued a total of 135,500 stock options of the Company’s Common Stock to certain directors and consultants of the Company at an exercise price of $ 50.00 per share and a vesting period which commenced on August 1, 2023. The remaining weighted average contractual life as of December 31, 2023 is 4.04 years. The following is a summary of stock option activity for the year ended December 31, 2023: SUMMARY OF STOCK OPTION ACTIVITY Number of Stock Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life Aggregate Intrinsic Value Outstanding, December 31, 2022 - $ - - $ - Granted 135,500 50.00 5.00 - Forfeited (21,500 ) - - - Exercised - - - - Outstanding, December 31, 2023 114,000 $ 50.00 4.04 $ - Exercisable, December 31, 2023 74,000 $ 50.00 4.04 $ - The Company estimated the fair value of the stock-based compensation using the Black Scholes Model with the following assumption inputs: SCHEDULE OF FAIR VALUE OF STOCK BASED COMPENSATION ASSUMPTION INPUTS Expected life of the options 4.35 5.0 Fair value of Common Stock on grant date $ 9.8 10.70 Expected volatility 95 % Expected dividend rate 0 % Risk-free interest rate 4.24 4.41 % For the years ended December 31, 2023 and 2022, the Company’s stock option compensation expense amounted to $ 867,110 0 251,256 Restricted Stock Units (“RSUs”) For the year ended December 31, 2023, the Company’s compensation committee recommended to the Board of Directors and the Board approved the granting of certain RSUs to members of the senior leadership team. The following is a summary of RSU activity for the year ended December 31, 2023: SUMMARY OF RESTRICTED STOCK UNITS ACTIVITY Number of Shares Weighted Average Grant Date Fair Value Outstanding as of December 31, 2022 - $ - Granted 50,604 1.41 Cancelled (7,973 ) - Vested (2,458 ) - Outstanding as of December 31, 2023 40,172 $ 1.41 The aggregate fair value of RSU awards was $ 630,864 359,311 166,111

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2023
Income Taxes
INCOME TAXES	NOTE 10 – INCOME TAXES At December 31, 2023 and 2022, the Company’s deferred income tax assets and liabilities were as follows: SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES December 31, 2023 December 31, 2022 Deferred tax asset Net operating loss carry forwards $ 2,549,650 $ 632,385 Total deferred tax asset 2,549,650 632,385 Less: valuation allowance (2,549,650 ) (632,385 ) Total deferred tax asset - - Total deferred tax liabilities - - Net deferred tax asset (liabilities) $ - $ - The valuation allowance increased by $ 1,917,265 approximately $ 10,059,777 The Company has not recorded any income tax expense or benefit in the consolidated statements of operations for the years ended December 31, 2023 or 2022, due to the benefit of net operating losses in these periods. The reconciliation between the federal statutory income tax rate of 21 5.5 SCHEDULE OF EFFECTIVE INCOME TAX RATE Amount Percent Amount Percent Year Ended December 31, 2023 2022 Amount Percent Amount Percent Federal provision at statutory rate $ (1,409,660 ) 21.0 % $ (604,245 ) 21.0 % State income taxes (390,684 ) 5.5 % - - Non-deductible expenses (116,921 ) - 21,226 (0.7 )% Change in valuation allowance 1,917,265 - 583,019 (20.3 )% Effective tax rate $ - 0 % $ - 0.0 % The Company’s effective tax rates differ from the federal statutory rate primarily due to the establishment of a valuation allowance. The Company periodically evaluates the likelihood of the realization of deferred tax assets, and adjusts the carrying amount of the deferred tax assets by the valuation allowance to the extent the future realization of the deferred tax assets is not judged to be more likely than not. The Company considers many factors when assessing the likelihood of future realization of its deferred tax assets, including its recent cumulative earnings experience by taxing jurisdiction, expectations of future taxable income or loss, the carryforward periods available to the Company for tax reporting purposes and other relevant factors. Future changes in the unrecognized tax benefit will have no impact on the effective tax rate due to the existence of the valuation allowance. The Company estimates that the unrecognized tax benefit will not change significantly within the next twelve months. The Company classifies income tax penalties and interest as part of general and administrative expense in its consolidated statements of operations. There were no In the normal course of business, the Company is subject to examination by taxing authorities generally for a period of three years from the later of each return due date or date filed.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 11 – COMMITMENTS AND CONTINGENCIES The Company is subject to credit, liquidity and market risks, as well as other payment-related risks, such as risks associated with the fraudulent use of credit or debit cards and customer banking information, which could have adverse effects on our business and revenues due to chargebacks from customers. Legal Proceedings We are not currently involved in any litigation that we believe could have a materially adverse effect in our financial condition or results of operations. From time to time, the Company is subject to legal proceedings, asserted claims and investigations in the ordinary course of business, including commercial claims, employment and other matters, which management considers immaterial, individually and in the aggregate. The Company makes a provision for a liability when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. The requirement for these provisions is reviewed at least quarterly and adjusted to reflect the impact of negotiations, settlements, rulings, advice of legal counsel and other information and events pertaining to a particular case. Litigation is inherently unpredictable and costly. Protracted litigation and/or an unfavorable resolution of one or more of proceedings, claims or investigations against the Company could have a material adverse effect on the Company’s consolidated financial position, cash flows or results of operations.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
SEGMENT INFORMATION	NOTE 12 – SEGMENT INFORMATION Removed in its entirety due to the recast of discontinued operations of The Messi Store.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	NOTE 10 – DISCONTINUED OPERATIONS In accordance with ASC 205-20 Presentation of Financial Statements: Discontinued Operations, a disposal of a component of an entity or a group of components of an entity is required to be reported as discontinued operations if the disposal represents a strategic shift that has (or will have) a major impact on an entity’s operations and financial results when the components of an entity meet the criteria in ASC paragraph 205-20-45-10. In the period in which the component meets the held for sale or discontinued operations criteria the major assets, other assets, current liabilities and non-current liabilities shall be reported as a component of total assets and liabilities separate from those balances of the continuing operations. At the same time, the results of all discontinued operations, less applicable income taxes (benefit), shall be reported as components of net income (loss) separate from the income (loss) of continuing operations. On March 21, 2024, the Company, Centric and LMM signed a Deed of Novation, Assignment and Assumption (the “Deed”) providing for MGOTeam1 to assign all of its rights and obligations under the existing Trademark License Agreement to Centric, and Centric agreed to assume all of MGO’s rights and obligations in respect of the License Agreement, and the minimum guaranteed royalty amount due to LMM, with effect on and from March 21, 2024. As a result of the Deed, the Company ceased operations of The Messi Store The Messi Store Subsequent to the receipt of the $ 2,000,000 2,000,000 2,658,635 658,635 SCHEDULE OF DISCONTINUED OPERATIONS Summary reconciliation of Discontinued Operations September 30, 2024 (unaudited) September 30, 2023 (unaudited) Revenues $ 74,939 $ 931,839 Cost of sales 48,840 576,217 Gross profit 26,099 355,622 Operating expenses Selling, general, administrative expenses 31,161 200,945 Marketing and e-commerce expenses 62,528 778,723 Royalty expenses (55,194 ) 931,959 Total operating expenses 38,495 1,911,627 Operating income (loss) (12,396 ) (1,556,005 ) Interest expense 7,059 456 Gain on transfer of licensing rights (1,882,469 ) - Gain on settlement of debt (60,323 ) (3,500 ) Other (income) expense (14,671 ) 21,143 Total other (income) expense (1,950,404 ) 18,099 Net income (loss) $ 1,938,008 $ (1,574,104 ) Less: net income (loss) attributable to non-controlling interest 229,073 (185,556 ) Net income (loss) attributable to MGO stockholders $ 1,708,935 $ (1,388,548 ) The following table presents a reconciliation of the carrying amounts of major classes of assets and liabilities of the Company classified as discontinued operations as of September 30, 2024 and December 31, 2023: September 30, 2024 (unaudited) December 31, 2023 Current assets Cash $ 2,176 $ 98,466 Accounts receivable 95 39,121 Inventories - 117,531 Other current assets 7,864 7,864 Prepaid expenses - 4,721 Total current assets 10,135 267,703 Current liabilities Accounts payable - 115,333 Accrued liabilities 1,529 264,534 Total current liabilities 1,529 379,867	NOTE 13 – DISCONTINUED OPERATIONS In accordance with ASC 205-20 Presentation of Financial Statements: Discontinued Operations, a disposal of a component of an entity or a group of components of an entity is required to be reported as discontinued operations if the disposal represents a strategic shift that has (or will have) a major impact on an entity’s operations and financial results when the components of an entity meet the criteria in ASC paragraph 205-20-45-10. In the period in which the component meets the held for sale or discontinued operations criteria the major assets, other assets, current liabilities and non-current liabilities shall be reported as a component of total assets and liabilities separate from those balances of the continuing operations. At the same time, the results of all discontinued operations, less applicable income taxes (benefit), shall be reported as components of net income (loss) separate from the income (loss) of continuing operations. On March 21, 2024, the Company, Centric and LMM signed a Deed of Novation, Assignment and Assumption (the “Deed”) providing for MGOTeam1 to assign all of its rights and obligations under the existing Trademark License Agreement to Centric, and Centric has agreed to assume all of MGO’s rights and obligations in respect of the License Agreement, and the minimum guaranteed royalty amount due to LMM, with effect on and from March 21, 2024. As a result of the Deed, the Company ceased operations of The Messi Store Subsequent to the receipt of the $ 2,000,000 2,000,000 2,658,635 658,635 SCHEDULE OF DISCONTINUED OPERATIONS Summary reconciliation of Discontinued Operations December 31, 2023 December 31, 2022 Revenues $ 1,690,949 $ 1,048,014 Cost of sales 1,044,048 419,573 Gross profit 646,901 628,441 Operating expenses Selling, general, administrative expenses 250,899 1,336,176 Marketing and e-commerce expenses 988,399 515,673 Royalty expenses 1,269,556 1,273,105 Total operating expenses 2,508,854 3,125,451 Operating income (loss) (1,861,953 ) (2,497,513 ) Interest expense 456 13,181 Gain on settlement of debt (3,500 ) - Other expense 27,930 2,161 Total other expense 24,886 15,342 Net income (loss) $ (1,886,839 ) $ (2,512,855 ) Less: net income (loss) attributable to non-controlling interest (227,061 ) (294,411 ) Net income (loss) attributable to MGO stockholders $ (1,659,778 ) $ (2,217,444 ) The following table presents a reconciliation of the carrying amounts of major classes of assets and liabilities of the Company classified as discontinued operations as of December 31, 2023 and 2022: December 31, 2023 December 31, 2022 Current assets Cash $ 98,466 $ 81,677 Accounts receivable 39,121 101,837 Inventories 117,531 69,546 Other current assets 7,864 7,864 Prepaid royalties 147,769 Prepaid expenses 4,721 - Total current assets 267,703 408,693 Current liabilities Accounts payable 115,333 684,466 Accrued liabilities 264,534 802,251 Current portion of loan payable - 138,840 Total current liabilities 379,867 1,625,557

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 11 – SUBSEQUENT EVENTS On October 4, 2024, MGO filed a registration statement on Form S-1 with the SEC with the intention of raising additional equity capital to address costs and expenses associated with the proposed Business Combination with Heidmar and for general working capital purposes. The Company engaged Maxim Group, LLC to act as its exclusive placement agent in connection with the planned offering. As of the date of this report, registration statement has not been declared effective yet.	NOTE 14 – SUBSEQUENT EVENTS Departure of Principal Financial Officer On January 15, 2024, Vincent Ottomanelli resigned from his position as Chief Financial Officer of MGO. In connection with his resignation, on January 15, 2024, the independent contractor agreement between the Company and Mr. Ottomanelli, dated November 3, 2022, as amended, was terminated. Mr. Ottomanelli’s resignation did not result from any disagreement with the Company. In connection with Mr. Ottomanelli’s resignation, the Board of Directors of the Company (the “Board”) approved the acceleration of the vesting date of 10,000 January 15, 2024 13,500 5,000 Appointment of Principal Financial Officer Concurrently with Mr. Ottomanelli’s resignation, Dana Perez was appointed as the Chief Financial Officer of the Company effective as of January 15, 2024. Ms. Perez will be paid an annual base salary of $ 165,000 20 5,000 200,000 20 25 The Board also approved the immediate granting of 5,000 Loan Payable On January 24, 2024, the Company entered into a loan with PayPal with an interest rate of 12 %, principal balance of $ 85,000 and a monthly payment of $ 1,833 over the term of the loan, which is one year. Intercompany Demand Note On January 26, 2024, the MGO Global entered into a demand note with MGOTeam1 where MGOTeam1 promises to pay to MGO Global a principal amount of $ 2,658,635 5.07 Issuance of Restricted Stock Units On March 27, 2024, the Company issued to certain of its officers and consultants (in connection with services provided by such persons) stock options to purchase a total of 30,000 0.41 Between January 1 and August 13, 2024, stock options to purchase a total of 114,000 From January to August 13, 2024, the Company granted to certain of its directors, officers, employees and consultants (in connection with services provided by such persons) 58,487 32,500 From January to August 13, 2024, the Company canceled 6,668 From January to August 13, 2024, 59,491 Between January 1 and August 13, 2024, the Company issued 389,237 Between January 1 and August 13, 2024, the Company issued 69,000 Settlement Agreement with Former Chief Marketing Officer On February 6, 2024, the Company and Matthew Harward entered into a Settlement Agreement and Release (the “Settlement Agreement”). Mr. Harward was employed by the Company as its Chief Marketing Officer from approximately October 2022 until September 29, 2023, pursuant to an Executive Employment Agreement signed on October 13, 2022 (the “Employment Agreement”). In November 2023, Mr. Harward informally asserted certain claims against the Company based on the Company’s alleged failure to meet its obligations under the Employment Agreement. The Company disputed those claims and informally asserted other disputed claims against Mr. Harward. Pursuant to the Settlement Agreement, the parties have agreed to release all mutual claims related to the Employment Agreement and the dispute. In consideration for Mr. Harward’s release of claims, the Company agreed to pay Mr. Harward the total sum of $ 200,000 , comprised of $ 100,000 in cash and $ 100,000 in unregistered shares of the Company’s restricted common stock. The $ 200,000 is included in accrued liabilities as of December 31, 2023 and was subsequently paid out in February 2024. Registration Statement on Form S-3 On February 12, 2024, the U.S. Securities and Exchange Commission deemed the Company’s shelf registration statement on Form S-3 (registration file number: 333-276680) (“Shelf Registration”) effective. Originally filed on January 24, 2024, the Shelf Registration will provide MGO with the flexibility to issue and sell securities if and when deemed appropriate and in the best interest of our stockholders. This registration statement contains two prospectuses: ● a base prospectus that covers the potential offering, issuance, and sale from time to time of our common stock, preferred stock, warrants, debt securities, and units in one or more offerings with a total value of up to $ 100,000,000 ● a sales agreement prospectus covering the potential offering, issuance, and sale from time to time of shares of our common stock having an aggregate gross sales price of up to $ 1,650,000 On June 7, 2024, MGO entered into an Amendment No. 1 (“Amendment”) to the equity distribution agreement for the ATM, whereby the offering size was amended to reflect an increase in the aggregate gross sales price from $ 1,650,000 3,389,384 Reverse Stock Split On February 22, 2024, the Board of Directors of the Company unanimously authorized and approved a reverse split of the issued and outstanding shares of the Company’s common stock, par value $ 0.00001 (the “Shares” or “Common Stock”), at a ratio of any whole number within the range between one-for-ten (1:10) and one-for-twenty-five (1:25), with such ratio to be determined in the discretion of the Registrant’s Board of Directors and with such action to be effected at such time and date as determined by the Board of Directors (the “Reverse Split”). The Reverse Split was authorized and approved by the Unanimous Written Consent of the Board of Directors and by the Action by Written Consent of the Stockholders holding the majority of the voting power of the Company, dated February 22, 2024. Information Statement Pursuant to Section 14(c) of the Securities Exchange Act of 1934 was filed on March 11, 2024. On July 18, 2024, the reverse stock split became effective. Assignment of Messi Trademark License Agreement to Centric Brands On March 20, 2024, MGOTeam 1 LLC, a wholly owned subsidiary of MGO Global Inc., (together, “MGO” or the “Company”) entered into a term sheet with Centric Brands, LLC (“Centric”), providing for the terms and conditions for MGO to assign and Centric to assume the existing Trademark License Agreement (“License Agreement”), dated November 21, 2021 with an expiration date of December 31, 2024 (“Expiration Date”), between Leo Messi Management SL (“LMM”) and MGO. Pursuant to the term sheet, Centric will pay to MGO cash consideration of $ 2,000,000 and shall assume MGO’s minimum guarantee obligation to LMM under the License Agreement for payment due dates in 2024 amounting to € 1,500,000 . MGO received full payment of the $ 2,000,000 consideration on March 22, 2024. On March 21, 2024, MGO, Centric and LMM signed a Deed of Novation, Assignment and Assumption (the “Deed”) providing for MGO to assign all of its rights and obligations under the License Agreement to Centric, and Centric has agreed to assume all of MGO’s rights and obligations in respect of the License Agreement with effect on and from March 21, 2024. More specifically, in accordance with the Deed, MGO assigns to Centric all ownership of, and rights and benefits in and to the License Agreement, together with any and all collateral material used or useful in the exploitation of the rights granted under the License Agreement until the Expiration Date and the applicable sell-off period. This includes, non-exhaustively and without limitations, the (i) design files in illustrator/jpeg formats; (ii) tech packs; and (iii) email customer list and website sales and visitor data. Further, effective no later than March 30, 2024, or such other date as may be agreed by MGO and Centric, Centric undertakes to take over the online store operated under the domain www.themessistore.com Centric paid MGO the $ 2,000,000 Payment of Accrued Executive Compensation On March 22, 2024, the Company paid accrued executive compensation of $ 221,588 113,470 Amendments to Executive Employment Agreements On March 27, 2024, the Board approved and adopted the Company’s 2024 Executive Compensation Plan, which describes MGO’s compensation philosophy and policies as applicable to the named executive officers for 2024, and explains the structure and rationale associated with each material element of the executives’ compensation. In accordance with the 2024 Executive Compensation Plan, on March 27, 2024, the Board approved, and the Company entered into, amended executive employment agreements with Maximiano Ojeda, Chief Executive Officer; Virginia Hilfiger, Chief Brand Officer and Julian Groves, Chief Operating Officer, retroactively effective on January 1, 2024. Ojeda Employment Agreement On March 27, 2024, the Company entered into Amendment No. 1 to the Amended and Restated Executive Employment Agreement, dated October 13, 2022, with Mr. Ojeda, providing for Mr. Ojeda’s annual base salary to be increased to $ 325,000 180,000 1,000 five-year 10,000 110 10,000 Hilfiger Employment Agreement On March 27, 2024, the Company entered into Amendment No. 1 to the Amended and Restated Executive Employment Agreement, dated October 13, 2022, with Ms. Hilfiger providing for Ms. Hilfiger’s annual base salary to be increased to $ 250,000 144,000 1,000 five-year 10,000 110 10,000 Groves Employment Agreement On March 27, 2024, the Company entered into Amendment No. 1 to the Amended and Restated Executive Employment Agreement, dated October 13, 2022, with Mr. Groves providing for Mr. Groves’ annual base salary to be increased to $ 250,000 130,000 1,000 five-year 10,000 110 10,000 Amendment to 2022 Equity Incentive Plan On April 12, 2024, the Board unanimously authorized and approved an amendment (“Plan Amendment”) to MGO’s 2022 Equity Incentive Plan (the “2022 Plan”) to increase the number of shares of the Company’s common stock, par value $ 0.00001 per share, (“Common Stock”) reserved for issuance under the 2022 Plan by an additional 182,541 shares of Common Stock. Such increase will result in a total of 451,188 shares of Common Stock being reserved under the 2022 Plan, of which 205,071 will be available for future awards. On April 17, 2024 (the “Record Date”), a majority of our stockholders consented to the Plan Amendment. In accordance with Rule 14c-2 of the Exchange Act, corporate actions described above will be effective no earlier than twenty (20) days after a Schedule 14C Information Statement has been mailed to our stockholders, which was mailed on April 29, 2024. The amendment became effective May 19 th Nasdaq Deficiency Notices and Request for Hearing On April 17, 2024, the Company received a notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that 180 calendar day period that it had been provided by Nasdaq to regain compliance with Nasdaq Listing Rule 5550(a)(2) on April 16, 2024 did not result in the Company regaining compliance. As a consequence, the Company is not eligible for a second 180 day period, because the Company does not meet the $ 5,000,000 The Notice further stated unless the Company requests an appeal of the above determination by April 24, 2024, Nasdaq has determined that the Company’s securities will be scheduled for delisting from The Nasdaq Capital Market and will be suspended at the opening of business on April 26, 2024, and a Form 25-NSE will be filed with the SEC, which will remove the Company’s securities from listing and registration on The Nasdaq Stock Market. On April 18, 2024, the Company formally requested a hearing before Nasdaq’s Hearings Panel (the “Panel”) and such request was granted by Nasdaq on April 19, 2024. The hearing date is scheduled for May 30, 2024. On May 30, 2024, senior members of MGO’s executive team and the Company’s SEC counsel participated in the hearing before the Nasdaq’s Hearings Panel and endeavored to address all questions and concerns posed by the panelists relating to the Company’s plan to regain compliance with the continued listing standards (the “Plan”) – the Plan was formally submitted to the members of the Nasdaq Hearings Panel on May 8, 2024. In accordance with the Plan, MGO requested at least until August 15, 2024 to evidence compliance with the Equity Rule and Bid Price Rule for continued listing on The Nasdaq Capital Market through execution of the Plan. On June 14, 2024, MGO received notice from Nasdaq confirming that the Nasdaq Hearings Panel (the “Panel”) has determined to grant the request of MGO to continue its listing on The Nasdaq Stock Market subject to the following: 1. On or before July 15, 2024, the Company will effect a reverse stock split at a ratio of 1-for-10 See Note 1 and 11 2. On or before August 15, 2024, the Company will (a) complete the transactions described to the Panel to achieve compliance with Listing Rule 5550(b)(1) (or its alternatives) and (b) demonstrate compliance with Listing Rule 5550(a)(2) by evidencing a closing bid price of $1.00 or more per share for a minimum of ten (10) consecutive trading sessions; 3. On or before August 21, 2024, the Company must file a Form 8-K describing these transactions and indicating its post-transaction equity. The Company may do so with a balance sheet no older than 60 days containing pro forma adjustments for significant transactions or events occurring on or before the report date. Alternatively, the Company can provide an affirmative statement that, as of the date of the report, it believes it has regained compliance with the stockholders’ equity requirement based upon the specific transactions or events described; and 4. At the time of filing the Form 8-K, the Company must demonstrate compliance with all other applicable requirements for continued listing on the Nasdaq Capital Market. The Company filed an 8-K on August 12, 2024, stating its compliance with the minimum equity requirement on August 9, 2024. Business Combination Agreement with Heidmar, Inc. On June 18, 2024, MGO entered into a definitive Business Combination Agreement and Plan of Merger (the “Business Combination Agreement”) with Heidmar, Inc., (“HMI”), a company organized under the laws of the Republic of the Marshall Islands; Heidmar Maritime Holdings Corp., a company organized under the laws of the Republic of the Marshall Islands (“Holdings”); HMR Merger Sub Inc., a Delaware corporation and wholly-owned subsidiary of Holdings (“Merger Sub”); and Rhea Marine Ltd. and Maistros Shipinvest Corp (the “HMI Shareholders”). The Company, Merger Sub, Holdings, HMI and HMI Shareholders are sometimes referred to herein individually as a “Party” and, collectively, as the “Parties.” Pursuant to the Business Combination Agreement, the Parties will effect a business combination involving the following transactions (collectively, the “ Business Combination (a) Merger Sub will merge (the “ Merger (b) all of the issued and outstanding shares of common stock of MGO (the “ MGO Common Stock Holdings Common Shares (c) immediately after the effective time of the Merger, the HMI Shareholders will transfer all the outstanding shares of common stock of HMI (the “ HMI Shares HMI Share Acquisition (d) Holdings shall issue to the HMI Shareholders (i) at the closing of the Business Combination (the “ Closing the number of the Company’s outstanding shares of common stock on a fully diluted and as-converted basis immediately prior to the effective time of the Merger, times (y) 16.6667, divided by (z) the number of outstanding HMI Shares immediately prior to the HMI Share Acquisition and (ii) after the Closing and upon the satisfaction of certain earnout conditions set forth in the Business Combination Agreement, additional Holdings Common Shares equal to 10% of the shares issued to the Heidmar Shareholders on the Closing. MGO expects that the holders of MGO Common Stock and the Heidmar Shareholders will hold 5.66% and 94.34% (inclusive of shares to be distributed to advisors), respectively,

LEASES

LEASES	9 Months Ended
	Sep. 30, 2024
Leases
LEASES	NOTE 8 – LEASES In February 2023, we signed a renewable one-year lease for a building located at 813 NE 17 th 2,300

RISKS AND UNCERTAINTIES

RISKS AND UNCERTAINTIES	9 Months Ended
	Sep. 30, 2024
Risks and Uncertainties [Abstract]
RISKS AND UNCERTAINTIES	NOTE 9 – RISKS AND UNCERTAINTIES The Company is subject to credit, liquidity and market risks, as well as other payment-related risks, such as risks associated with the fraudulent use of credit or debit cards and customer banking information, which could have adverse effects on our business and revenues due to chargebacks from customers.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation These unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all information and footnotes required by accounting principles generally accepted in the United States of America for annual financial statements. The accompanying unaudited consolidated interim financial statements should be read in conjunction with the audited consolidated financial statements and related notes thereto for the year ended December 31, 2023 included in the Company’s Annual Report on Form 10-K, Form 10-K/A and Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission on April 1, 2024, June 3, 2024 and August 13, 2024, respectively. Interim results for the three and nine months ended September 30, 2024 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2024. In the opinion of the Company’s management, the accompanying unaudited consolidated financial statements contain all of the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of September 30, 2024 and the results of operations and cash flows for the periods presented. The results of operations for the three and nine months ended September 30, 2024 are not necessarily indicative of the operating results for the full fiscal year or any future period. Management acknowledges its responsibility for the preparation of the accompanying unaudited consolidated financial statements which reflect all adjustments, consisting of normal recurring adjustments, considered necessary in its opinion for a fair statement of its consolidated financial position and the consolidated results of its operations for the periods presented. MGOTeam1 was formed on October 11, 2018, and the Company entered into a Rollover Agreement by and among MGOTeam1 and members of MGOTeam1 on December 6, 2021. All of the members of MGOTeam1, except for one member who owns a 11.82 881,800 11.82 We account for the 11.82	Basis of Presentation These consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and include all adjustments necessary for the fair presentation of the Company’s financial position for the periods presented. MGOTeam1 was formed on October 11, 2018, and the Company entered into a Rollover Agreement by and among MGOTeam1 and members of MGOTeam1 on December 6, 2021. All of the members of MGOTeam1, except for one member who owns a 11.82 % membership interest in MGOTeam1, exchanged all of their membership interests in MGOTeam1 for 881,800 shares of the Company’s common stock. A sole MGOTeam1’s member did not rollover its 11.82 % membership interest in MGOTeam1 to the Company as of December 6, 2021, and remains a member in MGOTeam1. We account for the 11.82
Principles of Consolidation	Principles of Consolidation The unaudited consolidated financial statements include the financial statements of the Company and its subsidiaries. All significant inter-company transactions and balances have been eliminated in consolidation.	Principles of Consolidation The consolidated financial statements include the financial statements of the Company and its subsidiaries. All significant inter-company transactions and balances have been eliminated in consolidation.
Reclassifications	Reclassifications Certain amounts in prior periods have been reclassified to reflect the impact of the discontinued operations treatment in order to conform to the current period presentation. In addition, on July 18, 2024, the Company effected a reverse stock split at a ratio of 1-for-10	Reclassifications Certain amounts in prior periods have been reclassified to reflect the impact of the discontinued operations treatment in order to conform to the current period presentation. In addition, on July 18, 2024, the Company effected a reverse stock split at a ratio of 1-for-10. Accordingly, the financial statements presented in this Form 10-K/A have been adjusted to reflect the reverse stock split historically.
Use of Estimates	Use of Estimates The preparation of the unaudited consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Our most critical estimates include those related to stock-based compensation, inventory and inventory allowance valuation. On an ongoing basis, we evaluate our estimates and assumptions. We base our estimates on historical experience and on various other factors that we believe are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results could differ from those estimates.	Estimates The preparation of the consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Our most critical estimates include those related to stock-based compensation, inventory and inventory allowance valuation. On an ongoing basis, we evaluate our estimates and assumptions. We base our estimates on historical experience and on various other factors that we believe are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash equivalents consist of highly liquid investments with maturities of three months or less when purchased. The Company maintains its cash with high credit quality financial institutions; at times, such balances with any one financial institution may exceed Federal Deposit Insurance Corporation (“FDIC”) insured limits. As of September 30, 2024 and December 31, 2023, the Company had $ 1,177,368 586,446	Cash and Cash Equivalents Cash equivalents consist of highly liquid investments with maturities of three months or less when purchased. The Company maintains its cash with high credit quality financial institutions; at times, such balances with any one financial institution may exceed the Federal Deposit Insurance Corporation (“FDIC”) insured limit of $ 250,000 . As of December 31, 2023 and 2022, the Company had $ 586,013 and $ 0 in excess of the federal insurance limit, respectively.
Accounts Receivable	Accounts Receivable Accounts receivables are carried at their estimated collectible amounts, net of any estimated allowances for credit losses. We grant unsecured credit to our wholesale customers who are deemed creditworthy. Ongoing credit evaluations are performed, and potential credit losses estimated by management are charged to operations on a regular basis. At the time any particular account receivable is deemed uncollectible, the balance is charged to the allowance for doubtful accounts. As of September 30, 2024 and December 31, 2023, the Company had no	Accounts Receivable Accounts receivables are carried at their estimated collectible amounts, net of any estimated allowances for credit losses. We grant unsecured credit to our wholesale customers which are deemed creditworthy. Ongoing credit evaluations are performed and potential credit losses estimated by management are charged to operations on a regular basis. At the time any particular account receivable is deemed uncollectible, the balance is charged to the allowance for credit losses. As of December 31, 2023 and December 31, 2022, the Company had no
Inventory	Inventory Inventory consists of raw materials and finished goods ready for sale and is stated at the lower of cost or net realizable value. We value inventories using the weighted average costing method. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. We regularly review inventory and consider forecasts of future demand, market conditions and product obsolescence. If the estimated realized value of our inventory is less than cost, we make provisions in order to reduce its carrying value to its estimated net realizable value. The write downs are recognized as a component of cost of sales. As of September 30, 2024 and December 31, 2023, the Company had no	Inventory Inventory consists of raw materials and finished goods ready for sale and is stated at the lower of cost or net realizable value. We value inventories using the weighted average costing method. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. We regularly review inventory and consider forecasts of future demand, market conditions and product obsolescence. If the estimated realized value of our inventory is less than cost, we make provisions in order to reduce its carrying value to its estimated net realizable value. The write downs are recognized as a component of cost of sales. As of December 31, 2023 and December 31, 2022, the Company had no allowances for inventory obsolescence.
Property and Equipment, Net	Property and Equipment, Net Property and equipment is recorded at cost. Expenditures for renewals and improvements that significantly add to the productivity capacity or extend the useful life of an asset are capitalized. Expenditures for maintenance and repairs are expensed. When equipment is retired or sold, the cost and related accumulated depreciation are eliminated from the accounts and the resultant gain or loss is reflected in income. Depreciation is provided using the straight-line method, based on useful lives of the assets which is three years for computers, equipment and software. Depreciation expense from continuing operations for the nine months ended September 30, 2024 and 2023 was $ 81,590 38,321 SCHEDULE OF PROPERTY AND EQUIPMENT, NET USEFUL LIFE Classification Useful Life September 30, 2024 (unaudited) December 31, 2023 Computer equipment and software 3 $ 309,286 $ 308,774 Furniture 3 17,191 17,191 Property and equipment, gross 325,965 Less: Accumulated depreciation (88,903 ) (6,503 ) Property and equipment, net $ 238,384 $ 319,462	Property and Equipment, Net Property and equipment is recorded at cost. Expenditures for renewals and improvements that significantly add to the productivity capacity or extend the useful life of an asset are capitalized. Expenditures for maintenance and repairs are expensed. When equipment is retired or sold, the cost and related accumulated depreciation are eliminated from the accounts and the resultant gain or loss is reflected in income. Depreciation is provided using the straight-line method, based on useful lives of the assets which is three years for computers, equipment and software. Depreciation expense from continuing operations for the years ended December 31, 2023 and 2022, was $ 6,502 and $ 0 , respectively. Accumulated depreciation from continuing operations as of December 31, 2023 and 2022 was $ 6,503 and $ 0 , respectively. SCHEDULE OF PROPERTY AND EQUIPMENT, NET USEFUL LIFE Useful Life December 31, 2023 December 31, 2022 Computer equipment and software 3 $ 308,774 $ - Furniture 3 17,191 - Total property and equipment 325,965 Less: Accumulated depreciation (6,503 ) - Property and equipment, net $ 319,462 $ -
Leases		Leases The Company determines if an arrangement is or contains a lease at inception or modification of the arrangement. An arrangement is or contains a lease if there are identified assets and the right to control the use of an identified asset is conveyed for a period of time in exchange for consideration. Control over the use of the identified asset means the lessee has both the right to obtain substantially all of the economic benefits from the use of the asset and the right to direct the use of the asset. The Company executed a one-year office lease in February 2023. Due to the short-term nature of the lease, the Company did not account for the lease as a right of use asset. Subsequent to December 31, 2023, the Company renewed the office lease for an additional one-year term.
Accounts Payable		Accounts Payable The composition of accounts payable and accrued expenses from continuing operations are as follows: SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES December 31, 2023 December 31, 2022 Accounts payable $ 184,677 $ - Accounts payable, related party 5,678 - Accounts payable 5,678 - Accrued liabilities 216,297 9,972 Accrued payroll 533,643 - Total accounts payable and accrued expenses $ 940,295 $ 9,972
Warrants		Warrants The Company accounts for a warrant as an equity instrument, liability or share-based compensation in accordance with ASC 480, Distinguishing Liabilities from Equity, and/or ASC 718, Compensation – Stock Compensation, depending on the specific terms of the agreement.
Stock-Based Compensation		Stock-Based Compensation Stock-based compensation expense reflects the fair value of stock-based awards measured at the grant date and recognized over the requisite service period. The Company estimates the fair value of each stock-based option award on the measurement date using the Black-Scholes option valuation model which incorporates assumptions as to stock price volatility, the expected life of the options, risk-free interest rate and dividend yield. For restricted stock awards, the Company records the value of the Company stock at the date of the grant as stock-based compensation expense.
Revenue Recognition	Revenue Recognition The Company recognizes revenues when its customer obtains control of promised goods or services, in an amount that reflects the consideration which it expects to receive in exchange for those goods. The Company recognizes revenues following the five step model prescribed under ASU No. 2014-09: (i) identify contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenues when (or as) we satisfy the performance obligation. Revenue transactions associated with the sale of Stand Flagpoles www.standflagpoles.com For the three and nine months ended September 30, 2024 and 2023, the Company generated revenues of $ 565,400 2,661,253 1,054,161 2,823,601	Revenue Recognition The Company recognizes revenues when its customer obtains control of promised goods or services, in an amount that reflects the consideration which it expects to receive in exchange for those goods. The Company recognizes revenues following the five step model prescribed under ASU No. 2014-09: (i) identify contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenues when (or as) we satisfy the performance obligation. Revenue transactions associated with the sale of Messi Brand Stand Flagpoles www.themessistore.com www.standflagpole.com For the years ended December 31, 2023 and 2022, the Company generated revenues of $ 3,668,926 and $ 0 , respectively, directly from consumers via our website. The following table presents net revenue by geographic location which is recognized at a point in time: SCHEDULE OF NET REVENUE BY GEOGRAPHIC LOCATION Year Ended December 31, 2023 Total United States $ 3,667,176 Rest of the World 1,750 Total Revenues $ 3,668,926 Year Ended December 31, 2022 Total United States $ - Rest of the World - Total Revenues $ -
Non-Controlling Interest	Non-Controlling Interest As of December 6, 2021, one shareholder did not rollover its 11.82 Consolidation 5,229 (62,800) 229,073 (185,556)	Non-Controlling Interest As of December 6, 2021, one shareholder did not rollover its 11.82 Consolidation 227,061 294,411
Foreign Currency	Foreign Currency The Company’s functional and reporting currency is the U.S. dollar. Transactions in foreign currencies are recorded at the exchange rate prevailing on the date of the transaction. The resulting monetary assets and liabilities are translated into U.S. dollars at exchange rates prevailing on the subsequent balance sheet date. Revenue and expense components are translated to U.S. dollars at weighted-average exchange rates in effect during the period. Foreign currency transaction gains and losses resulting from remeasurement are recognized in other income, net within the consolidated statements of operations.	Foreign currency The Company’s functional and reporting currency is the U.S. dollar. Transactions in foreign currencies are recorded at the exchange rate prevailing on the date of the transaction. The resulting monetary assets and liabilities are translated into U.S. dollars at exchange rates prevailing on the subsequent balance sheet date. Revenue and expense components are translated to U.S. dollars at weighted-average exchange rates in effect during the period. Foreign currency transaction gains and losses resulting from remeasurement are recognized in other income, net within the consolidated statements of operations.
Segment Reporting	Segment Reporting On March 21, 2024, the Company discontinued operations of The Messi Store	Segment Reporting On March 21, 2024, the Company discontinued operations of The Messi Store due to the Deed executed with Centric, LMM and the Company. As such, the Company is no longer required to provide segment reporting, as the Company has only one reportable segment as of June 30, 2024.
Income Taxes	Income Taxes The Company accounts for income taxes using the asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the Company’s financial statements or tax returns. In estimating future tax consequences, the Company generally considers all expected future events other than enactments of changes in the tax law. For deferred tax assets, management evaluates the probability of realizing the future benefits of such assets. The Company establishes valuation allowances for its deferred tax assets when evidence suggests it is unlikely that the assets will be fully realized. The Company recognizes the tax effects of an uncertain tax position only if it is more likely than not to be sustained based solely on its technical merits as of the reporting date and then only in an amount more likely than not to be sustained upon review by the tax authorities. Income tax positions that previously failed to meet the more likely than not threshold is recognized in the first subsequent financial reporting period in which that threshold is met. Previously recognized tax positions that no longer meet the more likely than not threshold is derecognized in the first subsequent financial reporting period in which that threshold is no longer met. The Company classifies potential accrued interest and penalties related to unrecognized tax benefits within the accompanying consolidated statements of operations as income tax expense.	Income Taxes The Company accounts for income taxes using the asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the Company’s financial statements or tax returns. In estimating future tax consequences, the Company generally considers all expected future events other than enactments of changes in the tax law. For deferred tax assets, management evaluates the probability of realizing the future benefits of such assets. The Company establishes valuation allowances if it is more likely than not that some portion or all of the deferred assets will not be realized. The Company has evaluated the positive and negative evidence bearing upon its ability to realize the deferred tax assets. Management has considered the Company’s history of cumulative net losses incurred and has concluded that it is more likely than not that the Company will not realize the benefits of the deferred tax assets. Accordingly, a full valuation allowance has been established against the deferred tax assets as of December 31, 2023 and 2022 The Company recognizes the tax effects of an uncertain tax position only if it is more likely than not to be sustained based solely on its technical merits as of the reporting date and then only in an amount more likely than not to be sustained upon review by the tax authorities. Income tax positions that previously failed to meet the more likely than not threshold are recognized in the first subsequent financial reporting period in which that threshold is met. Previously recognized tax positions that no longer meet the more likely than not threshold are derecognized in the first subsequent financial reporting period in which that threshold is no longer met. The Company classifies potential accrued interest and penalties related to unrecognized tax benefits within the accompanying consolidated statements of operations as income tax expense. As of the year ended December 31, 2023 there was no income tax expense reported by the Company.
Net Loss Per Share		Net Loss Per Share Basic net loss per share is calculated by dividing net loss available to ordinary shareholders by the weighted-average number of common shares outstanding during the period excluding the effects of any potentially dilutive securities. Diluted net loss per share is computed similar to basic loss per share, except that the denominator is increased to include the number of additional common shares that would have been outstanding if potential common shares had been issued if such additional common shares were dilutive. Since the Company had net losses for all the periods presented, basic and diluted loss per share are the same, and additional potential common shares have been excluded, as their effect would be anti-dilutive. At December 31, 2023 and 2022, total stock options of 114,000 and 0 , respectively, and warrants of 15,978 and 70,000 , respectively, were not included in the net loss per share calculation as their effect would have been anti-dilutive.
Fair Value Measurements		Fair Value Measurements The Company has determined the fair value of certain assets and liabilities in accordance with generally accepted accounting principles, which provides a framework for measuring fair value. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques should maximize the use of observable inputs and minimize the use of unobservable inputs. A fair value hierarchy has been established, which prioritizes the valuation inputs into three broad levels. Level 1 inputs consist of quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the related asset or liability. Level 3 inputs are unobservable inputs related to the asset or liability.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In November 2023, the FASB issued Accounting Standards Update 2023-07 – Segment Reporting (Topic ASC 280) Improvements to Reportable Segment Disclosures. The ASU improves reportable segment disclosure requirements, primarily through enhanced disclosure about significant segment expenses. The enhancements under this update require disclosure of significant segment expenses that are regularly provided to the Chief Operating Decision Maker (“CODM”) and included within each reported measure of segment profit or loss, require disclosure of other segment items other segment items	Recently Adopted Accounting Pronouncements In June 2016 and subsequently amended in March 2022, the FASB issued ASC 326, Financial Instruments – Credit Losses (Topic 326): Measurements of Credit Losses on Financial Instruments (“ASC 326”), which replaces the existing incurred loss model with a current expected credit loss (“CECL”) model that requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The Company would be required to use a forward-looking CECL model for accounts receivables, guarantees and other financial instruments. The Company adopted ASC 326 on January 1, 2023 and ASC 326 did not have a material impact on its consolidated financial statements.
Recently Issued Accounting Pronouncements Not Yet Adopted	Recently Issued Accounting Pronouncements Not Yet Adopted In December 2023, the FASB issued Accounting Standards Update 2023-09 – Income Taxes (Topic ASC 740) Income Taxes. The ASU improves the transparency of income tax disclosures by requiring (1) consistent categories and greater disaggregation of information in the rate reconciliation and (2) income taxes paid disaggregated by jurisdiction. It also includes certain other amendments to improve the effectiveness of income tax disclosures. The amendments in ASU 2023-09 will become effective at the beginning of our 2025 fiscal year. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. We do not expect that this guidance will have a material impact upon our financial position and results of operations.	Recently Issued Accounting Pronouncements Not Yet Adopted In November 2023, the FASB issued Accounting Standards Update 2023-07 – Segment Reporting (Topic ASC 280) Improvements to Reportable Segment Disclosures. The ASU improves reportable segment disclosure requirements, primarily through enhanced disclosure about significant segment expenses. The enhancements under this update require disclosure of significant segment expenses that are regularly provided to the Chief Operating Decision Maker (“CODM”) and included within each reported measure of segment profit or loss, require disclosure of other segment items other segment items In December 2023, the FASB issued Accounting Standards Update 2023-09 – Income Taxes (Topic ASC 740) Income Taxes. The ASU improves the transparency of income tax disclosures by requiring (1) consistent categories and greater disaggregation of information in the rate reconciliation and (2) income taxes paid disaggregated by jurisdiction. It also includes certain other amendments to improve the effectiveness of income tax disclosures. The amendments in ASU 2023-09 will become effective beginning of our 2025 fiscal year. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. We do not expect that this guidance will have a material impact upon our financial position and results of operations.
Discontinued Operations	Discontinued Operations On March 20, 2024, MGOTeam1 entered into a term sheet with Centric, providing for the terms and conditions for MGOTeam1 to assign and Centric to assume the existing Trademark License Agreement (“License Agreement”), dated November 21, 2021, with an expiration date of December 31, 2024 (“Expiration Date”), between Leo Messi Management SL (“LMM”) and MGOTeam1. Pursuant to the term sheet, Centric assumed the Company’s minimum guarantee obligation to LMM under the License Agreement for payment due dates in 2024 amounting to € 1,500,000 2,000,000 On March 21, 2024, the Company, Centric and LMM signed a Deed of Novation, Assignment and Assumption (the “Deed”) providing for MGOTeam1 to assign all of its rights and obligations under the License Agreement to Centric, and Centric agreed to assume all of MGO’s rights and obligations in respect of the License Agreement with effect on and from March 21, 2024. No other assets or liabilities were assumed. See Note 10.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
SCHEDULE OF PROPERTY AND EQUIPMENT, NET USEFUL LIFE	SCHEDULE OF PROPERTY AND EQUIPMENT, NET USEFUL LIFE Classification Useful Life September 30, 2024 (unaudited) December 31, 2023 Computer equipment and software 3 $ 309,286 $ 308,774 Furniture 3 17,191 17,191 Property and equipment, gross 325,965 Less: Accumulated depreciation (88,903 ) (6,503 ) Property and equipment, net $ 238,384 $ 319,462	SCHEDULE OF PROPERTY AND EQUIPMENT, NET USEFUL LIFE Useful Life December 31, 2023 December 31, 2022 Computer equipment and software 3 $ 308,774 $ - Furniture 3 17,191 - Total property and equipment 325,965 Less: Accumulated depreciation (6,503 ) - Property and equipment, net $ 319,462 $ -
SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES		The composition of accounts payable and accrued expenses from continuing operations are as follows: SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES December 31, 2023 December 31, 2022 Accounts payable $ 184,677 $ - Accounts payable, related party 5,678 - Accounts payable 5,678 - Accrued liabilities 216,297 9,972 Accrued payroll 533,643 - Total accounts payable and accrued expenses $ 940,295 $ 9,972
SCHEDULE OF NET REVENUE BY GEOGRAPHIC LOCATION		The following table presents net revenue by geographic location which is recognized at a point in time: SCHEDULE OF NET REVENUE BY GEOGRAPHIC LOCATION Year Ended December 31, 2023 Total United States $ 3,667,176 Rest of the World 1,750 Total Revenues $ 3,668,926 Year Ended December 31, 2022 Total United States $ - Rest of the World - Total Revenues $ -

INVENTORY (Tables)

INVENTORY (Tables)	12 Months Ended
	Dec. 31, 2023
Inventory Disclosure [Abstract]
SCHEDULE OF INVENTORY	SCHEDULE OF INVENTORY December 31, 2023 December 31, 2022 Finished goods $ 607,022 $ - Total $ 607,022 $ -

BALANCE SHEET ITEMS (Tables)

BALANCE SHEET ITEMS (Tables)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SCHEDULE OF PREPAID EXPENSES	SCHEDULE OF PREPAID EXPENSES September 30, 2024 (unaudited) December 31, 2023 Prepaid expenses $ 49,479 $ 5,577 Prepaid rent 7,500 7,500 Prepaid inventories - 165,348 Total $ 56,979 $ 178,425	SCHEDULE OF PREPAID EXPENSES December 31, 2023 December 31, 2022 Prepaid expenses $ 178,425 $ - Prepaid rent 7,500 - Total $ 185,925 $ -
SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES September 30, 2024 (unaudited) December 31, 2023 Accounts payable $ 51,170 $ 184,677 Accounts payable, related party 2,769 5,678 Accounts payable 2,769 5,678 Accrued liabilities 40,340 216,297 Accrued payroll 58,648 533,643 Total $ 152,927 $ 940,295

STOCKHOLDERS_ EQUITY (Tables)

STOCKHOLDERS’ EQUITY (Tables)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
SCHEDULE OF FAIR VALUE ASSUMPTIONS		The Company utilizes the Black-Scholes model to value its warrants. The Company utilized the following assumptions for the warrants issued for the year ended December 31, 2022: SCHEDULE OF FAIR VALUE ASSUMPTIONS For the Year Ended December 31, 2022 Expected term 5 Expected average volatility 328 339 % Expected dividend yield - Risk-free interest rate 1.76 2.89 %
SUMMARY OF WARRANT ACTIVITY		The following is a summary of warrant activity for the year ended December 31, 2023: SUMMARY OF WARRANT ACTIVITY Number of Warrants Weighted Average Exercise Price Weighted Average Remaining Contractual Life Aggregate Intrinsic Outstanding, December 31, 2022 70,000 $ 10.00 4.70 $ - Granted 8,625 10.00 - - Forfeited - - - - Exercised (78,625 ) 10.00 - - Outstanding, December 31, 2023 - $ - - $ - Exercisable, December 31, 2023 - $ - - $ - The following is a summary of warrant activity for the year ended December 31, 2022: Number of Warrants Weighted Average Exercise Price Weighted Average Remaining Contractual Life Aggregate Intrinsic Value Outstanding, December 31, 2021 5,425 $ 10.00 3.98 $ - Granted 88,375 10.00 4.74 - Forfeited (23,800 ) - - - Exercised - - - - Outstanding, December 31, 2022 70,000 $ 10.00 4.70 $ - Exercisable, December 31, 2022 70,000 $ 10.00 4.70 $ -
SUMMARY OF STOCK OPTION ACTIVITY	The following is a summary of stock option activity for the nine months ended September 30, 2024: SUMMARY OF STOCK OPTION ACTIVITY Number of Stock Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Outstanding, December 31, 2023 114,000 $ 50.00 4.04 Granted 30,000 4.10 Forfeited (114,000 ) 50.00 Canceled (30,000 ) 4.10 Outstanding, September 30, 2024 - - - Exercisable, September 30, 2024 - - -	The following is a summary of stock option activity for the year ended December 31, 2023: SUMMARY OF STOCK OPTION ACTIVITY Number of Stock Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life Aggregate Intrinsic Value Outstanding, December 31, 2022 - $ - - $ - Granted 135,500 50.00 5.00 - Forfeited (21,500 ) - - - Exercised - - - - Outstanding, December 31, 2023 114,000 $ 50.00 4.04 $ - Exercisable, December 31, 2023 74,000 $ 50.00 4.04 $ -
SCHEDULE OF FAIR VALUE OF STOCK BASED COMPENSATION ASSUMPTION INPUTS	The Company estimated the fair value of the stock-based compensation using the Black Scholes Model with the following assumption inputs: SCHEDULE OF FAIR VALUE OF STOCK BASED COMPENSATION ASSUMPTION INPUTS For the Nine Months Expected life of the options 2.88 5.00 Share price of the issuance date $ 4.10 Expected volatility 95 147.18 % Expected dividend rate 0 % Risk-free interest rate 4.38 %	The Company estimated the fair value of the stock-based compensation using the Black Scholes Model with the following assumption inputs: SCHEDULE OF FAIR VALUE OF STOCK BASED COMPENSATION ASSUMPTION INPUTS Expected life of the options 4.35 5.0 Fair value of Common Stock on grant date $ 9.8 10.70 Expected volatility 95 % Expected dividend rate 0 % Risk-free interest rate 4.24 4.41 %
SUMMARY OF RESTRICTED STOCK UNITS ACTIVITY	The following is a summary of RSU activity for the nine months ended September 30, 2024: SUMMARY OF RESTRICTED STOCK UNITS ACTIVITY Shares Weighted Outstanding as of December 31, 2023 40,172 $ 14.10 Granted 524,730 3.63 Canceled (39,166 ) 5.60 Vested and issued (525,736 ) 4.14 Outstanding and unvested as of September 30, 2024 - $ -	The following is a summary of RSU activity for the year ended December 31, 2023: SUMMARY OF RESTRICTED STOCK UNITS ACTIVITY Number of Shares Weighted Average Grant Date Fair Value Outstanding as of December 31, 2022 - $ - Granted 50,604 1.41 Cancelled (7,973 ) - Vested (2,458 ) - Outstanding as of December 31, 2023 40,172 $ 1.41
Consultant [Member]
SCHEDULE OF FAIR VALUE ASSUMPTIONS		SCHEDULE OF FAIR VALUE ASSUMPTIONS For the Year Ended December 31, 2022 Expected term 5 Expected average volatility 328 339 % Expected dividend yield - Risk-free interest rate 1.76 2.89 %

STOCK COMPENSATION (Tables)

STOCK COMPENSATION (Tables)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
SUMMARY OF STOCK OPTION ACTIVITY	The following is a summary of stock option activity for the nine months ended September 30, 2024: SUMMARY OF STOCK OPTION ACTIVITY Number of Stock Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Outstanding, December 31, 2023 114,000 $ 50.00 4.04 Granted 30,000 4.10 Forfeited (114,000 ) 50.00 Canceled (30,000 ) 4.10 Outstanding, September 30, 2024 - - - Exercisable, September 30, 2024 - - -	The following is a summary of stock option activity for the year ended December 31, 2023: SUMMARY OF STOCK OPTION ACTIVITY Number of Stock Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life Aggregate Intrinsic Value Outstanding, December 31, 2022 - $ - - $ - Granted 135,500 50.00 5.00 - Forfeited (21,500 ) - - - Exercised - - - - Outstanding, December 31, 2023 114,000 $ 50.00 4.04 $ - Exercisable, December 31, 2023 74,000 $ 50.00 4.04 $ -
SCHEDULE OF FAIR VALUE OF STOCK BASED COMPENSATION ASSUMPTION INPUTS	The Company estimated the fair value of the stock-based compensation using the Black Scholes Model with the following assumption inputs: SCHEDULE OF FAIR VALUE OF STOCK BASED COMPENSATION ASSUMPTION INPUTS For the Nine Months Expected life of the options 2.88 5.00 Share price of the issuance date $ 4.10 Expected volatility 95 147.18 % Expected dividend rate 0 % Risk-free interest rate 4.38 %	The Company estimated the fair value of the stock-based compensation using the Black Scholes Model with the following assumption inputs: SCHEDULE OF FAIR VALUE OF STOCK BASED COMPENSATION ASSUMPTION INPUTS Expected life of the options 4.35 5.0 Fair value of Common Stock on grant date $ 9.8 10.70 Expected volatility 95 % Expected dividend rate 0 % Risk-free interest rate 4.24 4.41 %
SUMMARY OF RESTRICTED STOCK UNITS ACTIVITY	The following is a summary of RSU activity for the nine months ended September 30, 2024: SUMMARY OF RESTRICTED STOCK UNITS ACTIVITY Shares Weighted Outstanding as of December 31, 2023 40,172 $ 14.10 Granted 524,730 3.63 Canceled (39,166 ) 5.60 Vested and issued (525,736 ) 4.14 Outstanding and unvested as of September 30, 2024 - $ -	The following is a summary of RSU activity for the year ended December 31, 2023: SUMMARY OF RESTRICTED STOCK UNITS ACTIVITY Number of Shares Weighted Average Grant Date Fair Value Outstanding as of December 31, 2022 - $ - Granted 50,604 1.41 Cancelled (7,973 ) - Vested (2,458 ) - Outstanding as of December 31, 2023 40,172 $ 1.41

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2023
Income Taxes
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES	At December 31, 2023 and 2022, the Company’s deferred income tax assets and liabilities were as follows: SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES December 31, 2023 December 31, 2022 Deferred tax asset Net operating loss carry forwards $ 2,549,650 $ 632,385 Total deferred tax asset 2,549,650 632,385 Less: valuation allowance (2,549,650 ) (632,385 ) Total deferred tax asset - - Total deferred tax liabilities - - Net deferred tax asset (liabilities) $ - $ -
SCHEDULE OF EFFECTIVE INCOME TAX RATE	SCHEDULE OF EFFECTIVE INCOME TAX RATE Amount Percent Amount Percent Year Ended December 31, 2023 2022 Amount Percent Amount Percent Federal provision at statutory rate $ (1,409,660 ) 21.0 % $ (604,245 ) 21.0 % State income taxes (390,684 ) 5.5 % - - Non-deductible expenses (116,921 ) - 21,226 (0.7 )% Change in valuation allowance 1,917,265 - 583,019 (20.3 )% Effective tax rate $ - 0 % $ - 0.0 %

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]
SCHEDULE OF DISCONTINUED OPERATIONS	SCHEDULE OF DISCONTINUED OPERATIONS Summary reconciliation of Discontinued Operations September 30, 2024 (unaudited) September 30, 2023 (unaudited) Revenues $ 74,939 $ 931,839 Cost of sales 48,840 576,217 Gross profit 26,099 355,622 Operating expenses Selling, general, administrative expenses 31,161 200,945 Marketing and e-commerce expenses 62,528 778,723 Royalty expenses (55,194 ) 931,959 Total operating expenses 38,495 1,911,627 Operating income (loss) (12,396 ) (1,556,005 ) Interest expense 7,059 456 Gain on transfer of licensing rights (1,882,469 ) - Gain on settlement of debt (60,323 ) (3,500 ) Other (income) expense (14,671 ) 21,143 Total other (income) expense (1,950,404 ) 18,099 Net income (loss) $ 1,938,008 $ (1,574,104 ) Less: net income (loss) attributable to non-controlling interest 229,073 (185,556 ) Net income (loss) attributable to MGO stockholders $ 1,708,935 $ (1,388,548 ) The following table presents a reconciliation of the carrying amounts of major classes of assets and liabilities of the Company classified as discontinued operations as of September 30, 2024 and December 31, 2023: September 30, 2024 (unaudited) December 31, 2023 Current assets Cash $ 2,176 $ 98,466 Accounts receivable 95 39,121 Inventories - 117,531 Other current assets 7,864 7,864 Prepaid expenses - 4,721 Total current assets 10,135 267,703 Current liabilities Accounts payable - 115,333 Accrued liabilities 1,529 264,534 Total current liabilities 1,529 379,867	SCHEDULE OF DISCONTINUED OPERATIONS Summary reconciliation of Discontinued Operations December 31, 2023 December 31, 2022 Revenues $ 1,690,949 $ 1,048,014 Cost of sales 1,044,048 419,573 Gross profit 646,901 628,441 Operating expenses Selling, general, administrative expenses 250,899 1,336,176 Marketing and e-commerce expenses 988,399 515,673 Royalty expenses 1,269,556 1,273,105 Total operating expenses 2,508,854 3,125,451 Operating income (loss) (1,861,953 ) (2,497,513 ) Interest expense 456 13,181 Gain on settlement of debt (3,500 ) - Other expense 27,930 2,161 Total other expense 24,886 15,342 Net income (loss) $ (1,886,839 ) $ (2,512,855 ) Less: net income (loss) attributable to non-controlling interest (227,061 ) (294,411 ) Net income (loss) attributable to MGO stockholders $ (1,659,778 ) $ (2,217,444 ) The following table presents a reconciliation of the carrying amounts of major classes of assets and liabilities of the Company classified as discontinued operations as of December 31, 2023 and 2022: December 31, 2023 December 31, 2022 Current assets Cash $ 98,466 $ 81,677 Accounts receivable 39,121 101,837 Inventories 117,531 69,546 Other current assets 7,864 7,864 Prepaid royalties 147,769 Prepaid expenses 4,721 - Total current assets 267,703 408,693 Current liabilities Accounts payable 115,333 684,466 Accrued liabilities 264,534 802,251 Current portion of loan payable - 138,840 Total current liabilities 379,867 1,625,557

ORGANIZATION AND OPERATIONS (De

ORGANIZATION AND OPERATIONS (Details Narrative)

2 Months Ended

9 Months Ended

12 Months Ended

Jul. 18, 2024

Jul. 15, 2024

Mar. 21, 2024 USD ($)

Mar. 20, 2024 USD ($)

Feb. 22, 2024

Jan. 31, 2024 shares

Jan. 10, 2024 USD ($)

Sep. 30, 2023 USD ($)

May 11, 2023 shares

Nov. 20, 2021 EUR (€)

Aug. 19, 2024 shares

Sep. 30, 2024 USD ($) $ / shares

Sep. 30, 2023 USD ($)

Dec. 31, 2023 USD ($) shares

Dec. 31, 2022 USD ($)

Mar. 13, 2023 $ / shares

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Payments of cash for license

$ 2,000,000

Share price | $ / shares

$ 4.10

$ 1

Restricted stock units, shares | shares

9,500

Stock-based compensation

$ 1,976,962

$ 673,624

$ 1,226,420

$ 141,731

Reverse stock split

1-for-10

reverse stock split at a ratio of 1-for-10.

MGO [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Ownership percentage

5.66%

Heidmar Shareholders [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Ownership percentage

94.34%

HMI Shareholders [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Business combination description

a number of Holdings Common Shares equal to (x) the number of the Company’s outstanding shares of common stock on a fully diluted and as-converted basis immediately prior to the effective time of the Merger, times (y) 16.6667, divided by (z) the number of outstanding HMI Shares immediately prior to the HMI Share Acquisition and (ii) after the Closing and upon the satisfaction of certain earnout conditions set forth in the Business Combination Agreement, additional Holdings Common Shares equal to 10% of the shares issued to the Heidmar Shareholders on the Closing.

Subsequent Event [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Payments of cash for license

$ 2,000,000

$ 2,000,000

Reverse stock split

1-for-10

the range between one-for-ten (1:10) and one-for-twenty-five (1:25), with such ratio to be determined in the discretion of the Registrant’s Board of Directors and with such action to be effected at such time and date as determined by the Board of Directors (the “Reverse Split”).

Trademark License Agreement [Member] | November 15, 2024 [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Amount of minimum guaranteed royalties | €

€ 4,000,000

Consulting Agreement [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Cash paid for consulting service

$ 200,000

$ 150,000

150,000

Restricted stock units, shares | shares

15,000

15,000

Stock-based compensation

$ 51,587

$ 123,914

Consulting Agreement [Member] | Restricted Stock Units (RSUs) [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Restricted stock units, shares | shares

15,000

Stock-based compensation

$ 51,587

$ 109,679

Consulting Agreement [Member] | Subsequent Event [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Cash paid for consulting service

$ 200,000

SCHEDULE OF PROPERTY AND EQUIPM

SCHEDULE OF PROPERTY AND EQUIPMENT, NET USEFUL LIFE (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property and equipment, gross		$ 325,965
Less: Accumulated depreciation	$ (88,903)	(6,503)
Property and equipment, net	238,384	319,462
Computer Equipment and Software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 309,286	$ 308,774
Useful Life	3 years	3 years
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 17,191	$ 17,191
Useful Life	3 years	3 years

SCHEDULE OF ACCOUNTS PAYABLE AN

SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Accrued liabilities	$ 216,297	$ 9,972
Accrued payroll	533,643
Total accounts payable and accrued expenses	940,295	9,972
Nonrelated Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Accounts payable	184,677
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Accounts payable	$ 5,678

SCHEDULE OF NET REVENUE BY GEOG

SCHEDULE OF NET REVENUE BY GEOGRAPHIC LOCATION (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Total Revenues	$ 565,400	$ 1,054,161	$ 2,661,253	$ 2,823,601	$ 3,668,926
UNITED STATES
Total Revenues					3,667,176
Rest Of The World [Member]
Total Revenues					$ 1,750

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)						3 Months Ended		9 Months Ended		12 Months Ended
	Jul. 18, 2024	Jul. 15, 2024	Jul. 11, 2024 shares	Mar. 22, 2024 USD ($)	Dec. 06, 2021 shares	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($) shares	Mar. 20, 2024 EUR (€)
Shares new issues | shares			2,000
Cash, FDIC Insured Amount										$ 250,000
Cash, Uninsured Amount										586,013	$ 0
Allowance for credit losses						$ 0		$ 0		0	0
Depreciation								81,590	$ 38,321	6,502
Accumulated depreciation						88,903		88,903		6,503
Revenues						565,400	$ 1,054,161	2,661,253	2,823,601	3,668,926
Net income (loss) of non-controlling interest						5,229	(62,800)	229,073	(185,556)	227,061	(294,411)
Net loss of non-controlling interest						(5,229)	$ 62,800	(229,073)	$ 185,556	(227,061)	294,411
Reverse stock split	1-for-10	reverse stock split at a ratio of 1-for-10.
Payment received from related party										4,197	$ 45,556
Excess of FDIC insurance limit						1,177,368		1,177,368		586,446
Inventory adjustments						$ 0		$ 0		$ 0
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | shares										114,000	0
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | shares										15,978	70,000
Customers Via Website [Member]
Revenues										$ 3,668,926	$ 0
Rollover Agreement [Member] | MGO Team LLC [Member]
Non-controlling interest, percentage					11.82%
Shares new issues | shares					881,800
Rollover Agreement [Member] | MGO Team 1 LLC [Member]
Non-controlling interest, percentage					11.82%
Shares new issues | shares					881,800
License Agreement [Member]
Payment due | €												€ 1,500,000
Payment received from related party				$ 2,000,000

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)			3 Months Ended		9 Months Ended		12 Months Ended
	Apr. 16, 2024	Feb. 08, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Jun. 07, 2024
Working capital surplus							$ 602,286
Operating Income (Loss)			$ 1,357,731	$ 2,031,500	$ 5,663,490	$ 3,626,215	5,520,907	$ 177,742
Operating activities					4,715,475	6,396,563	6,978,788	1,683,273
Net proceeds from sales of our common stock					3,215,752		1,665,533
Working capital			$ 2,393,015		2,393,015
Loss from continuing operations					5,663,027	$ 3,596,339
Sale of stock, description of transaction	on April 16, 2024 did not result in the Company regaining compliance. As a consequence, the Company is not eligible for a second 180 day period, because the Company does not meet the $5,000,000 minimum
Maxim Group LLC [Member]
Net proceeds from sales of our common stock					$ 3,215,752
Sale of stock, description of transaction		The S-3 contained two prospectuses: i) a base prospectus that covers the potential offering, issuance and sale from time to time of our common stock, preferred stock, warrants, debt securities and units in one or more offerings with a total value of up to $100,000,000; and ii) a sales agreement prospectus covering the potential offering, issuance and sale from time to time of shares of our common stock having an aggregate gross sales price of up to $1,650,000 pursuant to an equity distribution agreement entered into with the New York-based investment banking firm, Maxim Group LLC (“At-the-Market Offering” or “ATM”).
Minimum [Member]
Gross sales price									$ 1,650,000
Maximum [Member]
Gross sales price									$ 3,389,384
Reclassification [Member]
Operating Income (Loss)							5,483,626	364,502
Operating activities							$ 7,244,305	$ 1,675,571

SCHEDULE OF INVENTORY (Details)

SCHEDULE OF INVENTORY (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Finished goods		$ 607,022
Total	$ 1,049,359	$ 607,022

INVENTORY (Details Narrative)

INVENTORY (Details Narrative) - USD ($)	Sep. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Inventory, Net	$ 1,049,359	$ 607,022

SCHEDULE OF PREPAID EXPENSES (D

SCHEDULE OF PREPAID EXPENSES (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Prepaid expenses	$ 56,979	$ 178,425
Prepaid rent	7,500	7,500
Total		185,925
Prepaid expenses	49,479	5,577
Prepaid inventories		165,348
Total	$ 56,979	$ 178,425

BALANCE SHEET ITEMS (Details Na

BALANCE SHEET ITEMS (Details Narrative) - USD ($)					1 Months Ended
	Aug. 07, 2024	Jul. 18, 2024	Jul. 15, 2024	Apr. 16, 2024	Jan. 31, 2024	Sep. 30, 2024	Mar. 22, 2024	Dec. 31, 2023	Dec. 31, 2022
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Prepaid Expense and Other Assets, Current								$ 185,925
Inventory net						$ 1,049,359		607,022
Prepaid expenses						56,979		178,425
Accounts payable and accrued liabilities						$ 152,929		$ 940,296
Debt Instrument, Face Amount							$ 2,658,635
Sale of stock description				on April 16, 2024 did not result in the Company regaining compliance. As a consequence, the Company is not eligible for a second 180 day period, because the Company does not meet the $5,000,000 minimum
Reverse stock split		1-for-10	reverse stock split at a ratio of 1-for-10.
Financing Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Debt Instrument, Interest Rate During Period					7.58%
Debt Instrument, Face Amount					$ 225,185
Debt Instrument, Periodic Payment					$ 23,308
Debt maturity date					Oct. 12, 2024
Loan Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Long-Term Line of Credit	$ 250,000
Line of Credit Facility, Commitment Fee Percentage	8.15%
Line of Credit Facility, Expiration Date	Aug. 07, 2026

LOAN PAYABLE (Details Narrative

LOAN PAYABLE (Details Narrative) - USD ($)			9 Months Ended		12 Months Ended
	Jan. 24, 2024	May 25, 2022	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Mar. 22, 2024
Short-Term Debt [Line Items]
Principal amount							$ 2,658,635
Repayments of Notes Payable			$ 57,212			$ 48,822
Interest Paid, Excluding Capitalized Interest, Operating Activities			14,364		456	6,514
Loan payble						$ 10,793
Pay Pal [Member]
Short-Term Debt [Line Items]
Principal amount	$ 85,000
Loan payble	95,312		$ 27,788
Fixed loan fee	10,312
Periodic payment	$ 1,833
Reclassification [Member]
Short-Term Debt [Line Items]
Repayments of Notes Payable					$ 10,793
Loans Payable [Member]
Short-Term Debt [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		6.51%
Principal amount		$ 25,000
Debt Instrument, Periodic Payment, Principal		$ 539
Debt Instrument, Maturity Date		May 25, 2023

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)						2 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Apr. 02, 2024	Jan. 31, 2024	Jan. 10, 2024	Sep. 30, 2023	May 11, 2023	Aug. 19, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Proceeds from related party											$ 4,197	$ 45,556
Repayment of loans payable related party												25,931
Balance loans payable							$ 27,788		$ 27,788
Imputed interest												13,420
Accrued payroll							58,648		58,648		533,643
Selling, General and Administrative Expense							1,386,146	$ 1,827,926	5,711,978	$ 3,325,737	5,080,417	177,742
Share based compensation									1,976,962	$ 673,624	1,226,420	141,731
Restricted stock units						9,500
Consulting Agreement [Member]
Related Party Transaction [Line Items]
Payment for Administrative Fees			$ 200,000	$ 150,000							150,000
Selling, General and Administrative Expense											70,000
Share based compensation									51,587		123,914
Restricted stock units		15,000			15,000
Consulting fee					$ 350,000
Consulting Agreement [Member] | Restricted Stock Units (RSUs) [Member]
Related Party Transaction [Line Items]
Share based compensation									51,587		$ 109,679
Restricted stock units											15,000
CEO COO Chief Brand Officer And Employees Contractors [Member]
Related Party Transaction [Line Items]
Accrued payroll											$ 367,230	764,050
Chief Financial Officer [Member] | Minimum [Member]
Related Party Transaction [Line Items]
Base salary	$ 165,000
Chief Financial Officer [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Base salary	$ 200,000
Board of Directors Chairman [Member] | Restricted Stock Units (RSUs) [Member]
Related Party Transaction [Line Items]
Restricted stock units	5,000
Restricted stock vesting period	1 year
Maximiliano Ojeda [Member]
Related Party Transaction [Line Items]
Proceeds from related party											0	39,642
Repayment of loans payable related party											52,404	21,976
Balance loans payable											0	123,850
Accounts payable											423	0
Virginia Hilfiger [Member]
Related Party Transaction [Line Items]
Proceeds from related party												5,914
Repayment of loans payable related party											47,602	3,000
Balance loans payable											0	123,850
Julian Groves [Member]
Related Party Transaction [Line Items]
Repayment of loans payable related party											23,844
Balance loans payable											0	123,850
Chief Brand Officer [Member]
Related Party Transaction [Line Items]
Accounts payable											0
Director [Member]
Related Party Transaction [Line Items]
Accounts payable												11,600
Chief Operating Officer [Member]
Related Party Transaction [Line Items]
Accounts payable											0	10,933
Board of Directors [Member]
Related Party Transaction [Line Items]
Accounts payable											32,547	0
Employees [Member]
Related Party Transaction [Line Items]
Accounts payable											17,911
Consultants [Member]
Related Party Transaction [Line Items]
Accounts payable												0
Related Party [Member]
Related Party Transaction [Line Items]
Accounts payable							$ 2,769		$ 2,769		$ 5,678

SCHEDULE OF FAIR VALUE ASSUMPTI

SCHEDULE OF FAIR VALUE ASSUMPTIONS (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Expected term			5 years
Expected average volatility, minimum			328%
Expected average volatility, maximum			339%
Expected dividend yield	0%	0%
Risk-free interest rate, minimum			1.76%
Risk-free interest rate, maximum			2.89%
Warrant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Expected term			5 years
Expected average volatility, minimum			328%
Expected average volatility, maximum			339%
Expected dividend yield
Risk-free interest rate, minimum			1.76%
Risk-free interest rate, maximum			2.89%

SUMMARY OF WARRANT ACTIVITY (De

SUMMARY OF WARRANT ACTIVITY (Details) - Warrant [Member] - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of warrants, Beginning balance	70,000	5,425
Weighted average exercise price, Beginnning balance	$ 10	$ 10
Weighted average remining contractual life, Beginning balance		4 years 8 months 12 days
Aggregate Intrinsic Value, Beginning balance
Number of warrants, Granted	8,625	88,375
Weighted average exercise price, Granted	$ 10	$ 10
Weighted average remining contractual life, Granted	0 years	4 years 8 months 26 days
Number of warrants, Forfeited		(23,800)
Weighted average exercise price, Forfeited
Number of warrants, Exercised	(78,625)
Weighted average exercise price, Exercised	$ 10
Number of warrants, Ending balance		70,000	5,425
Weighted average exercise price, Ending balance		$ 10	$ 10
Weighted average remining contractual life, Ending balance		4 years 8 months 12 days	3 years 11 months 23 days
Aggregate Intrinsic Value, Ending balance
Number of warrants, Exercisable		70,000
Weighted average exercise price, Exercisable		$ 10
Weighted average remining contractual life, Exercisable		4 years 8 months 12 days
Aggregate Intrinsic Value, Exercisable

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)													1 Months Ended			2 Months Ended	3 Months Ended				9 Months Ended		12 Months Ended
	Jul. 18, 2024	Jul. 15, 2024	Jul. 11, 2024	Jun. 05, 2024	Jun. 04, 2024	Apr. 16, 2024	Apr. 12, 2024	Apr. 12, 2024	Jan. 20, 2023	Jan. 18, 2023	Jan. 12, 2023	Jan. 12, 2023	Feb. 29, 2024	Dec. 31, 2023	Jan. 31, 2023	Aug. 19, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Jan. 19, 2024	Mar. 13, 2023	Nov. 30, 2022
Number of new stock issued			2,000
Common stock, par value														$ 0.00001			$ 0.00001				$ 0.00001		$ 0.00001	$ 0.00001
Number of stock options, granted																					30,000		135,500
Share price																	$ 4.10				$ 4.10						$ 1
Sale of stock description						on April 16, 2024 did not result in the Company regaining compliance. As a consequence, the Company is not eligible for a second 180 day period, because the Company does not meet the $5,000,000 minimum
Shares sold																					781,438
Stock Issued During Period, Value, Issued for Services																							$ 5,281
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures																	$ 285,861	$ 1,295,995	$ 192,516				6,666
Reverse stock split, description	1-for-10	reverse stock split at a ratio of 1-for-10.
Share based compensation																					$ 1,976,962	$ 673,624	$ 1,226,420	$ 141,731
Issued restricted stock awards, vested																9,500
Number of shares issued														114,000									114,000
Net proceeds received																					$ 3,215,752		$ 1,665,533
Stock compensation expense																					202,597		867,110	$ 0
Unrecognized compensation cost														$ 251,256			$ 0				$ 0		$ 251,256
Minimum [Member]
Share price														$ 9.8									$ 9.8
Shares price																	$ 2.18				$ 2.18
Maximum [Member]
Share price														$ 10.70									$ 10.70
Shares price																	$ 10.16				$ 10.16
2022 Plan [Member]
Number of new stock issued							205,071
Sale of stock description							On April 12, 2024, the Board unanimously authorized and approved an amendment (“Plan Amendment”) to MGO’s 2022 Equity Incentive Plan (the “2022 Plan”) to increase the number of shares of the Company’s common stock, par value $0.00001 per share	On April 12, 2024, the Board unanimously authorized and approved an amendment (“Plan Amendment”) to MGO’s 2022 Equity Incentive Plan (the “2022 Plan”) to increase the number of shares of the Company’s common stock, par value $0.00001 per share
Consultants [Member]
Payments of Stock Issuance Costs																								$ 212,436
Stock Issued During Period, Shares, Issued for Services																								14,123
Stock Issued During Period, Value, Issued for Services																								$ 141,731
Consultant [Member]
Stock Issued During Period, Shares, Issued for Services																								3,000
Stock Issued During Period, Value, Issued for Services																								$ 30,000
Former Chief Marketing Officer [Member]
Number of new stock issued													23,202
Share price																										$ 4.31
Share based compensation																							$ 99,999
Directors and Officers [Member]
Issued restricted stock awards, vested				22,000	182,869
Chief Executive Officer [Member]
Number of new stock issued				4,986	41,633
Chief Brand Officer [Member]
Number of new stock issued				4,987	41,633
Chief Operating Officer [Member]
Number of new stock issued				4,987	41,633
Chief Financial Officer [Member]
Number of new stock issued				2,640	22,297
Nonemployee Director [Member]
Number of new stock issued				1,100	8,919
Directors Officers and Consultants [Member]
Issued restricted stock awards, vested																					502,529
Pre-IPO [Member]
Number of new stock issued																								192,500
Proceeds from offering																								$ 1,712,564
Restricted Stock Units (RSUs) [Member]
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures														1,334
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures														$ 6,666
Options held																					524,730		50,604
Stock compensation expense																					$ 1,774,372		$ 359,311
Unrecognized compensation cost														$ 166,111			$ 0				0		$ 166,111
Sharebased compensation arrangement by sharebased payment award other than options grants																					$ 1,903,130
Consulting Services [Member]
Stock Issued During Period, Shares, Issued for Services														1,125
Stock Issued During Period, Value, Issued for Services														$ 5,281
Common Stock [Member]
Number of new stock issued																	522,757	100,698	157,983	172,500			172,500	192,500
Cashless exercise of warrants																				12,731			12,731
Stock Issued During Period, Shares, Issued for Services																							1,125
Stock Issued During Period, Value, Issued for Services
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures																	110,500	345,786	46,243				1,334
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures																	$ 1	$ 4	$ 1
Options held			2,000
Number of shares issued			2,000
Common Stock [Member] | 2022 Plan [Member]
Number of new stock issued							182,451
Number of new stock increased							451,188
Warrant [Member]
Number of new stock issued															70,000
Exercise price															$ 10									$ 10
Class of Warrant or Right, Number of Securities Called by Warrants or Rights																								88,375
Warrants and Rights Outstanding, Term																								5 years
Boustead Securities, LLC [Member] | Warrant [Member]
Number of new stock issued															12,731
Exercise price									$ 10					$ 10	$ 62.50								$ 10		$ 10
Cashless exercise of warrants									8,625						16,448
Class of Warrant or Right, Number of Securities Called by Warrants or Rights															8,625									18,375	5,425
Warrants and Rights Outstanding, Term															3 years										5 years
Fair Value Adjustment of Warrants																								$ 183,686	$ 54,217
Class of Warrant or Right, Unissued																												23,800
Class of Warrant or Right, Outstanding														70,000									70,000
Underwriting Agreement [Member] | Boustead Securities, LLC [Member]
Number of new stock issued											172,500
Common stock, par value											$ 0.00001	$ 0.00001
Number of stock options, granted											22,500
Share price											$ 50	$ 50
Sale of stock description											Pursuant to the Underwriting Agreement, in exchange for the Representative’s firm commitment to purchase the Shares, the Company agreed to sell the Shares to the Representative at a purchase price of $46.50 (93% of the public offering price per Share of $50.00) and issue the underwriters three-year warrants to purchase an aggregate of 8,625 shares of the Company’s common stock, which is equal to five percent (5%) of the Shares sold in the Offering. Such warrants have an exercise price of $6.25, which is equal to 125% of the Offering price (the “Warrant”).	Pursuant to the Underwriting Agreement, in exchange for the Representative’s firm commitment to purchase the Shares, the Company agreed to sell the Shares to the Representative at a purchase price of $46.50 (93% of the public offering price per Share of $50.00) and issue the underwriters three year warrants to purchase an aggregate of 8,625 shares of the Company’s common stock, which is equal to five percent (5%) of the Shares sold in the Offering. Such warrants have an exercise price of $62.50, which is equal to 125% of the Offering price (the “Warrant”).
Proceeds from offering										$ 7,560,354
Payments of Stock Issuance Costs										$ 1,064,646
Shares sold										22,500
Underwriting Agreement [Member] | Boustead Securities, LLC [Member] | Common Stock [Member]
Number of new stock issued											172,000

SUMMARY OF STOCK OPTION ACTIVIT

SUMMARY OF STOCK OPTION ACTIVITY (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Number of Stock Options, Outstanding, Beginning balance	114,000
Weighted Average Exercise Price, Beginnning balance	$ 50
Weighted Average Remining Contractual Life, Outstanding		4 years 14 days
Aggregate Intrinsic Value, Outstanding, Beginning Balance
Number of Stock Options, Granted	30,000	135,500
Weighted Average Exercise Price, Granted	$ 4.10	$ 50
Weighted Average Remining Contractual Life, Granted		5 years
Number of Stock Options, Forfeited	(114,000)	(21,500)
Weighted Average Exercise Price, Forfeited	$ 50
Number of Stock Options, Exercised
Weighted Average Exercise Price, Exercised
Number of Stock Options, Outstanding, Ending balance		114,000
Weighted Average Exercise Price, Ending balance		$ 50
Aggregate Intrinsic Value, Outstanding, Ending Balance
Number of Stock Options, Exercisable		74,000
Weighted Average Exercise Price, Exercisable		$ 50
Weighted Average Remining Contractual Life, Exercisable		4 years 14 days
Aggregate Intrinsic Value, Outstanding, Exercisable
Number of Stock Options, Canceled	(30,000)
Weighted Average Exercise Price, Canceled	$ 4.10

SCHEDULE OF FAIR VALUE OF STOCK

SCHEDULE OF FAIR VALUE OF STOCK BASED COMPENSATION ASSUMPTION INPUTS (Details) - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023	Dec. 31, 2022	Mar. 13, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expected life of the options			5 years
Share price of the issuance date	$ 4.10			$ 1
Expected volatility		95%
Expected dividend rate	0%	0%
Risk-free interest rate	4.38%
Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expected life of the options	2 years 10 months 17 days	4 years 4 months 6 days
Share price of the issuance date		$ 9.8
Expected volatility	95%
Risk-free interest rate		4.24%
Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expected life of the options	5 years	5 years
Share price of the issuance date		$ 10.70
Expected volatility	147.18%
Risk-free interest rate		4.41%

SUMMARY OF RESTRICTED STOCK UNI

SUMMARY OF RESTRICTED STOCK UNITS ACTIVITY (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares, Outstanding Beginning	40,172
Weighted Average Grant Date Fair Value, Outstanding Beginnning	$ 14.10
Number of shares, Granted	524,730	50,604
Weighted Average Grant Date Fair Value, Granted	$ 3.63	$ 1.41
Number of shares, Canceled	(39,166)	(7,973)
Weighted Average Grant Date Fair Value, Canceled	$ 5.60
Number of shares, Vested	(525,736)	(2,458)
Weighted Average Grant Date Fair Value, Vested	$ 4.14
Number of shares, Outstanding Endiing		40,172
Weighted Average Grant Date Fair Value, Outstanding Ending		$ 1.41
Weighted Average Grant Date Fair Value, Outstanding Ending		$ 14.10

STOCK COMPENSATION (Details Nar

STOCK COMPENSATION (Details Narrative) - USD ($)

3 Months Ended

9 Months Ended

12 Months Ended

Jul. 11, 2024

Apr. 16, 2024

Apr. 12, 2024

Apr. 12, 2024

Aug. 01, 2023

Aug. 15, 2022

Sep. 30, 2024

Jun. 30, 2024

Mar. 31, 2024

Mar. 31, 2023

Sep. 30, 2024

Dec. 31, 2023

Dec. 31, 2022

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Sale of stock description

on April 16, 2024 did not result in the Company regaining compliance. As a consequence, the Company is not eligible for a second 180 day period, because the Company does not meet the $5,000,000 minimum

Number of new stock issued

2,000

Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross

30,000

135,500

Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price

$ 4.10

$ 50

Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term

4 years 14 days

Stock option compensation expenses

$ 202,597

$ 867,110

$ 0

Unrecognized compensation cost

$ 0

0

251,256

Restricted Stock Units (RSUs) [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Stock option compensation expenses

1,774,372

359,311

Unrecognized compensation cost

$ 0

$ 0

166,111

RSU granted fair value

$ 630,864

Directors and Consultants [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross

135,500

Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price

$ 50

Common Stock [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Number of new stock issued

522,757

100,698

157,983

172,500

172,500

192,500

2022 Equity Incentive Plan [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Purchased for Award

218,647

Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights

4%

2022 Plan [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Sale of stock description

On April 12, 2024, the Board unanimously authorized and approved an amendment (“Plan Amendment”) to MGO’s 2022 Equity Incentive Plan (the “2022 Plan”) to increase the number of shares of the Company’s common stock, par value $0.00001 per share

On April 12, 2024, the Board unanimously authorized and approved an amendment (“Plan Amendment”) to MGO’s 2022 Equity Incentive Plan (the “2022 Plan”) to increase the number of shares of the Company’s common stock, par value $0.00001 per share

Number of new stock issued

205,071

2022 Plan [Member] | Common Stock [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Number of new stock issued

182,451

Number of new stock increased

451,188

SCHEDULE OF DEFERRED TAX ASSETS

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Income Taxes
Net operating loss carry forwards	$ 2,549,650	$ 632,385
Total deferred tax asset	2,549,650	632,385
Less: valuation allowance	(2,549,650)	(632,385)
Total deferred tax asset
Total deferred tax liabilities
Net deferred tax asset (liabilities)

SCHEDULE OF EFFECTIVE INCOME TA

SCHEDULE OF EFFECTIVE INCOME TAX RATE (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Taxes
Federal provision at statutory rate	$ (1,409,660)	$ (604,245)
Federal provision at statutory rate, percent	21%	21%
State income taxes	$ (390,684)
State income taxes, percent	5.50%
Non-deductible expenses	$ (116,921)	$ 21,226
Non-deductible expenses, percent		(0.70%)
Change in valuation allowance	$ 1,917,265	$ 583,019
Change in valuation allowance, percent		(20.30%)
Effective tax rate
Effective tax rate, percent	0%	0%

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Tax Paid, by Individual Jurisdiction [Line Items]
Change in valuation allowance	$ 1,917,265	$ 583,019
Federal statutory income tax rate, percent	21%
State income tax rate, percent	5.50%
Accrued interest and penalties	$ 0	$ 0
Foreign Tax Jurisdiction [Member]
Income Tax Paid, by Individual Jurisdiction [Line Items]
Net operating loss carryforwards	10,059,777
State and Local Jurisdiction [Member]
Income Tax Paid, by Individual Jurisdiction [Line Items]
Net operating loss carryforwards	$ 10,059,777

SCHEDULE OF DISCONTINUED OPERAT

SCHEDULE OF DISCONTINUED OPERATIONS (Details) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Revenues	$ 74,939	$ 931,839	$ 1,690,949	$ 1,048,014
Cost of sales	48,840	576,217	1,044,048	419,573
Gross profit	26,099	355,622	646,901	628,441
Selling, general, administrative expenses	31,161	200,945	250,899	1,336,176
Marketing and e-commerce expenses	62,528	778,723	988,399	515,673
Royalty expenses	(55,194)	931,959	1,269,556	1,273,105
Total operating expenses	38,495	1,911,627	2,508,854	3,125,451
Operating income (loss)	(12,396)	(1,556,005)	(1,861,953)	(2,497,513)
Interest expense	7,059	456	456	13,181
Gain on settlement of debt	(60,323)	(3,500)	(3,500)
Other (income) expense	(14,671)	21,143	27,930	2,161
Total other (income) expense	(1,950,404)	18,099	24,886	15,342
Net income (loss)	1,938,008	(1,574,104)	(1,886,839)	(2,512,855)
Less: net income (loss) attributable to non-controlling interest	229,073	(185,556)	(227,061)	(294,411)
Net income (loss) attributable to MGO stockholders	1,708,935	(1,388,548)	(1,659,778)	(2,217,444)
Current assets
Cash	2,176	88,271	98,466	81,677
Accounts receivable	95		39,121	101,837
Inventories			117,531	69,546
Other current assets	7,864		7,864	7,864
Prepaid royalties				147,769
Prepaid expenses			4,721
Total current assets	10,135		267,703	408,693
Current liabilities
Accounts payable			115,333	684,466
Accrued liabilities	1,529		264,534	802,251
Current portion of loan payable				138,840
Total current liabilities	1,529		$ 379,867	$ 1,625,557
Gain on transfer of licensing rights	$ (1,882,469)

DISCONTINUED OPERATIONS (Detail

DISCONTINUED OPERATIONS (Details Narrative)	Mar. 22, 2024 USD ($)
Debt face amount	$ 2,658,635
Long term debt gross	658,635
Centric Brands LLC [Member]
Procceds from divestiture	2,000,000
MGO Global Inc [Member]
Procceds from divestiture	$ 2,000,000

SCHEDULE OF ACCOUNTS PAYABLE _2

SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Accrued liabilities	$ 40,340	$ 216,297	$ 9,972
Accrued payroll	58,648	533,643
Total	152,927	940,295
Nonrelated Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Accounts payable	51,170	184,677
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Accounts payable	$ 2,769	$ 5,678

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative)

1 Months Ended

2 Months Ended

7 Months Ended

8 Months Ended

9 Months Ended

12 Months Ended

Apr. 02, 2025 shares

Aug. 13, 2024 shares

Aug. 08, 2024

Jul. 18, 2024

Jul. 15, 2024

Jun. 18, 2024

Jun. 07, 2024 USD ($)

Jun. 06, 2024 USD ($)

Apr. 12, 2024 $ / shares shares

Apr. 02, 2024 USD ($)

Mar. 27, 2024 USD ($) $ / shares shares

Mar. 22, 2024 USD ($)

Mar. 21, 2024 USD ($)

Mar. 20, 2024 USD ($)

Feb. 22, 2024 $ / shares

Feb. 12, 2024 USD ($)

Jan. 26, 2024 USD ($)

Jan. 24, 2024 USD ($)

Jan. 16, 2024 USD ($) shares

Jan. 15, 2024 USD ($) shares

Jan. 01, 2024 shares

May 25, 2022 USD ($)

Nov. 30, 2023 USD ($)

Aug. 19, 2024 shares

Aug. 13, 2024 shares

Aug. 31, 2024 shares

Sep. 30, 2024 USD ($) $ / shares shares

Dec. 31, 2024 shares

Dec. 31, 2023 USD ($) $ / shares shares

Dec. 31, 2022 USD ($) $ / shares

Apr. 17, 2024 USD ($)

Mar. 20, 2024 EUR (€)

Subsequent Event [Line Items]

Restricted stock units, shares | shares

9,500

Number of stock options, granted | shares

30,000

135,500

Principal amount

$ 2,658,635

Shares canceled | shares

114,000

21,500

Unregistered shares of restricted common stock, value

$ 1,214,473

$ 141,731

Accrued liabilities

$ 40,340

216,297

$ 9,972

Gross sales price

$ 3,215,752

$ 1,665,533

Common stock par value | $ / shares

$ 0.00001

$ 0.00001

$ 0.00001

Reverse stock split

1-for-10

reverse stock split at a ratio of 1-for-10.

Payments of cash for license

$ 2,000,000

Maxim Group LLC [Member]

Subsequent Event [Line Items]

Gross sales price

$ 3,215,752

Settlement Agreement [Member]

Subsequent Event [Line Items]

Total sum cash

$ 200,000

Cash compensation

100,000

Unregistered shares of restricted common stock, value

$ 100,000

Accrued liabilities

$ 200,000

2023 Executive Compensation Plan [Member]

Subsequent Event [Line Items]

Payment of bonus compensation for achievement of milestones

113,470

Loans Payable [Member]

Subsequent Event [Line Items]

Interest rate

6.51%

Principal amount

$ 25,000

Payment of principal amount

$ 539

Restricted Stock Units (RSUs) [Member]

Subsequent Event [Line Items]

Number of restricted stock units granted vest and converted into shares of common stock | shares

524,730

50,604

Stock option exercise price per shares | $ / shares

$ 3.63

$ 1.41

Stock options purchase, shares | shares

39,166

7,973

Subsequent Event [Member]

Subsequent Event [Line Items]

Offerings cost

$ 100,000,000

Gross sales price

$ 3,389,384

$ 1,650,000

Common stock par value | $ / shares

$ 0.00001

Reverse stock split

1-for-10

the range between one-for-ten (1:10) and one-for-twenty-five (1:25), with such ratio to be determined in the discretion of the Registrant’s Board of Directors and with such action to be effected at such time and date as determined by the Board of Directors (the “Reverse Split”).

Payments of cash for license

$ 2,000,000

$ 2,000,000

Minimum guarantee obligation payments due | €

€ 1,500,000

Payment of consideration received

2,000,000

Payment of compensation

$ 221,588

Minimum stockholders equity requirement

$ 5,000,000

Shareholders common stock holding percentage, description

MGO expects that the holders of MGO Common Stock and the Heidmar Shareholders will hold 5.66% and 94.34% (inclusive of shares to be distributed to advisors), respectively,

Subsequent Event [Member] | HMI [Member]

Subsequent Event [Line Items]

Business acquisition, description of acquired entity

the number of the Company’s outstanding shares of common stock on a fully diluted and as-converted basis immediately prior to the effective time of the Merger, times (y) 16.6667, divided by (z) the number of outstanding HMI Shares immediately prior to the HMI Share Acquisition and (ii) after the Closing and upon the satisfaction of certain earnout conditions set forth in the Business Combination Agreement, additional Holdings Common Shares equal to 10% of the shares issued to the Heidmar Shareholders on the Closing.

Subsequent Event [Member] | Maxim Group LLC [Member]

Subsequent Event [Line Items]

Offerings cost

$ 1,650,000

Subsequent Event [Member] | Ojeda Employment Agreement [Member]

Subsequent Event [Line Items]

Number of restricted stock units granted vest and converted into shares of common stock | shares

10,000

Annual base salary

$ 325,000

Monthly automobile allowance

$ 1,000

Option term

5 years

Number of option to purchase shares of common stock | shares

10,000

Percentage of exercise price equal to closing price of common stock

110%

Subsequent Event [Member] | Hilfiger Employment Agreement [Member]

Subsequent Event [Line Items]

Number of restricted stock units granted vest and converted into shares of common stock | shares

10,000

Annual base salary

$ 250,000

Monthly automobile allowance

$ 1,000

Option term

5 years

Number of option to purchase shares of common stock | shares

10,000

Percentage of exercise price equal to closing price of common stock

110%

Subsequent Event [Member] | Groves Employment Agreement [Member]

Subsequent Event [Line Items]

Number of restricted stock units granted vest and converted into shares of common stock | shares

10,000

Annual base salary

$ 250,000

Monthly automobile allowance

$ 1,000

Option term

5 years

Number of option to purchase shares of common stock | shares

10,000

Percentage of exercise price equal to closing price of common stock

110%

Subsequent Event [Member] | Forecast [Member]

Subsequent Event [Line Items]

Shares canceled | shares

32,500

Subsequent Event [Member] | Board of Directors Chairman [Member]

Subsequent Event [Line Items]

Stock options purchase, shares | shares

114,000

114,000

Subsequent Event [Member] | Director [Member]

Subsequent Event [Line Items]

Stock options purchase, shares | shares

389,237

Subsequent Event [Member] | 2022 Equity Incentive Plan [Member]

Subsequent Event [Line Items]

Common stock par value | $ / shares

$ 0.00001

Additional shares | shares

182,541

Shares available for future | shares

205,071

Subsequent Event [Member] | Loans Payable [Member]

Subsequent Event [Line Items]

Interest rate

12%

Principal amount

$ 85,000

Payment of principal amount

$ 1,833

Subsequent Event [Member] | Intercompany Demand Note [Member]

Subsequent Event [Line Items]

Interest rate

5.07%

Payment of principal amount

$ 2,658,635

Subsequent Event [Member] | Restricted Stock Units (RSUs) [Member]

Subsequent Event [Line Items]

Number of stock options, granted | shares

5,000

Stock options purchase, shares | shares

59,491

Conversion of shares | shares

6,668

Subsequent Event [Member] | Restricted Stock Units (RSUs) [Member] | 2022 Equity Incentive Plan [Member]

Subsequent Event [Line Items]

Number of restricted stock units granted vest and converted into shares of common stock | shares

30,000

69,000

Stock option exercise price per shares | $ / shares

$ 0.41

Stock options purchase, shares | shares

58,487

Subsequent Event [Member] | Minimum [Member] | Ojeda Employment Agreement [Member]

Subsequent Event [Line Items]

Annual base salary

$ 180,000

Subsequent Event [Member] | Minimum [Member] | Hilfiger Employment Agreement [Member]

Subsequent Event [Line Items]

Annual base salary

144,000

Subsequent Event [Member] | Minimum [Member] | Groves Employment Agreement [Member]

Subsequent Event [Line Items]

Annual base salary

$ 130,000

Subsequent Event [Member] | Maximum [Member] | 2022 Equity Incentive Plan [Member]

Subsequent Event [Line Items]

Additional shares | shares

451,188

Subsequent Event [Member] | Vincent Ottomanelli [Member]

Subsequent Event [Line Items]

Vesting shares | shares

10,000

Vesting date

Jan. 15, 2024

Cash bonus

$ 13,500

Monthly cash fee

$ 5,000

Subsequent Event [Member] | Ms Perez [Member]

Subsequent Event [Line Items]

Annual base salary

$ 200,000

$ 165,000

Cash bonus percentage

20%

Restricted stock units, shares | shares

5,000

Subsequent Event [Member] | Ms Perez [Member] | Minimum [Member]

Subsequent Event [Line Items]

Cash bonus percentage

20%

Subsequent Event [Member] | Ms Perez [Member] | Maximum [Member]

Subsequent Event [Line Items]

Cash bonus percentage

25%

LEASES (Details Narrative)

LEASES (Details Narrative)	Feb. 20, 2023 ft²
Leases
Space for office	2,300