Company: GMER
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023550
Chunk: 30

Company: GOOD GAMING, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 4
Chunk 30
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Evaluation
of Disclosure Controls and Procedures

Based
on the evaluation of our disclosure controls and procedures (as defined in Rule 13a-15e under the Securities Exchange Act of 1934 the
“Exchange Act”), our principal executive officer and principal financial officer have concluded that as of the end of the
three-month period ended June 30, 2025 covered by this quarterly report on Form 10-Q, such disclosure controls and procedures were not
effective due to the lack of segregation of duties and lack of a formal review process that includes multiple levels of review to ensure
that information required to be disclosed by us in reports that we file or submit under the Exchange Act is recorded, processed, summarized
and reported within the time periods specified in Securities and Exchange Commission rules and forms because of the identification of
a material weakness in our internal control over financial reporting which we view as an integral part of our disclosure controls and
procedures. The material weakness relates to the lack of segregation of duties in financial reporting, as our financial reporting and
accounting functions were performed by an external consultant with no oversight by a professional with accounting expertise. Our Chief
Executive Officer and Chief Financial Officer did not possess accounting expertise and our company does not have an audit committee.
This weakness was due to the Company’s lack of working capital to hire additional staff. Subsequently, with the completion of transition
in the management and Board, the financial management will be led by a certified public accountant with extensive accounting experience
who follows the standards of U.S. generally accepted accounting principles and internal controls procedures to ensure the faithful representation
of the financial statements, including the results of operations, financial position, and cash flows of the reporting entity.

Changes
in Internal Control over Financial Reporting

Except
as noted above, there have been no changes in our internal control over financial reporting identified in connection with the evaluation
required by paragraph (d) of Exchange Act Rules 13a-15 or 15d-15 that occurred during our first quarter of 2025 that have materially
affected, or are reasonably likely to materially affect, our internal control over financial reporting.

6

PART
II - OTHER INFORMATION

Item
1. Legal proceedings

To
our best knowledge, we are not currently a party to any legal proceedings that, individually or in the aggregate, are deemed to be material
to our financial condition or results of operations. None of our directors, officers or affiliates is involved in a proceeding adverse
to our business or has a material interest adverse