Company: GVSE
Filing Date: 2025-03-24
Form Type: S-1
Source: 0001641172-25-000381
Chunk: 85

Company: Gameverse Interactive Corp
Filing Date: 2025-03-24
Form: S-1
Chunk 85
---
      |            |   |
| Proceeds                                           
 from the issuance of common stock                  |     |      | 1,024,000 |   |     |      |    422,760 |   |
| Net cash provided by financing                     
 activities                                         |     |      | 1,024,000 |   |     |      |    422,760 |   |
| Net increase in cash                               |     |      |   650,247 |   |     |      |    343,086 |   |
| Cash, beginning of year                            |     |      |   343,086 |   |     |      |          - |   |
| Cash, end of year                                  |     | $    |   993,333 |   |     | $    |    343,086 |   |
| Supplemental Disclosures of Cash Flow Information: |     |      |           |   |     |      |            |   |
| Cash Paid for Income Taxes                         |     |      |         - |   |     |      |          - |   |
| Cash paid for Interest                             |     |      |         - |   |     |      |          - |   |

| F-7 |

Note 1 – Organization and Line of Business

Gameverse Interactive Corp (“Gameverse” or the “Company”) was incorporated in the State of Nevada on September 13, 2022, and is based in Boca Raton, Florida. The Company is a software and video game development company that specializes in cutting-edge technologies such as virtual reality and artificial intelligence, with a focus on creating immersive and engaging experiences for players and developers of all ages around the world.

Going Concern

The accompanying Financial Statements have been prepared on a going concern basis of accounting, which contemplates continuity of operations, realization of assets and liabilities and commitments in the normal course of business. Since inception on September 13, 2022, we have reported net losses and negative cash flows from operations. We also expect to incur a net loss and negative cash flows from operations in 2025 as we continue to focus on the build out of our platform, which raises substantial doubt about the Company’s ability to continue as a going concern. During the year ended December 31, 2024, the Company raised capital from investors through sales of common stock and plans to raise additional capital during 2025. Based upon the existing cash balance and uncertainty regarding our ability to raise additional capital, management determined that the