Company: GMER
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023350
Chunk: 22

Company: GOOD GAMING, INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 22
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2024 were $181,949 and $703,997, respectively, which reflects a decrease of
$522,048 or 74.15%. During the third quarter 2024, the Company decided to cease operations and separate with some employees and contractors
that were working on certain projects. The project was not profitable. The Company has not been actively developing or maintaining any
projects since the third quarter of 2024 which has resulted in a decrease of all related advertising, software, consulting, payroll,
PR & legal expenses.

During
the nine months ended September 30, 2025 and 2024, the Company recorded a net loss of $184,957 and $853,317, respectively, which reflects
a decrease of $668,360 or 78.32%. The decrease in net loss was attributed to the Company ceasing operation on a project in 2024. The Company has not
commenced on any projects since 2024.

●
Liquidity and Capital Resources

Working
Capital

    September 30,  
    December 31, 

    2025  
    2024 
  
    Current Assets 
    $44,179  
    $91,857 

    Current Liabilities 
     1,101,153  
     977,539 

    Working Capital (Deficit) 
    $(1,056,974) 
    $(885,682)

As
of September 30, 2025 and December 31, 2024, the Company’s cash balance consisted of $22,798 and $14,499, respectively. The
decrease in the cash balance was attributed to the expenses paid for day to day activities. As of September 30, 2025 and December
31, 2024, the Company had $44,179 and $91,857 in total assets, respectively. The decrease in total assets was mostly attributed to
the amortization of prepaid expenses.

As
of September 30, 2025 and December 31, 2024, the Company had total liabilities of $1,101,153 and $977,539, respectively. The increase
in liabilities was attributable to the operating expenses to be paid in coming months.

As
of September 30, 2025 and December 31, 2024, the Company has a working capital of ($1,056,974) and ($885,682), respectively. The increase
in working