Company: GMER
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001868
Chunk: 11

Company: GOOD GAMING, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 11
---
  
    Net Deferred Tax Asset 
    $-  
    $- 

The
income tax benefit has been computed by applying the weighted average income tax rates of Canada (federal and provincial statutory rates)
and of the United States (federal and state rates) of 21% to a net loss before income taxes calculated for each jurisdiction. The tax
effects of significant temporary differences, which comprise future tax assets and liabilities, are as follows:

Schedule of Components of Income Tax Expense  

    2024  
    2023 
  
    Income tax recovery at statutory rate 
    $202,139  
    $181,786 
  
    Valuation allowance change 
     (202,139) 
    $(181,786)
  
    Provision for income taxes 
    $-  
    $- 

11.
Commitments and Contingencies

None.

12.
Acquisition and Discontinued Operations

None.

13.
Subsequent Events

From
January 1, 2025 to March 31, 2025, the Company issued a total of 1,190,243 shares of common stock to employees.

ITEM
9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

None.

26

ITEM
                                            9A. CONTROLS AND PROCEDURES

Disclosure
Controls and Procedures

We
maintain disclosure controls and procedures, as defined in Rule 13a-15(e) promulgated under the Securities Exchange Act of 1934 (the
“Exchange Act”), that are designed to ensure that information required to be disclosed by us in the reports that we file
or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities
and Exchange Commission’s rules and forms and that such information is accumulated and communicated to our management, including
our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

We
carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer
and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures as of December
31, 2024. Based on the evaluation of these disclosure controls and procedures, and in light of the material weaknesses found in our internal
controls over financial reporting, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and
procedures