Company: GMER
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010826
Chunk: 15

Company: GOOD GAMING, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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183 or 100%. The decrease in revenue was attributed to
the decision to halt Minecraft development.

● Operating Expenses
and Net Loss

Operating expenses for the three months ended March
31, 2025 and 2024 were $80,005 and $282,984, respectively, which reflects a decrease of $202,979 or 253.71%. The decrease in expenses was
attributable to a change in general administrative fees and professional fees.

During the three months ended March 31, 2025 and 2024,
the Company recorded a net loss of $81,000 and $355,165, respectively, which reflects a decrease of $274,165 or 338.48%. The decrease
in net loss was attributed to a decrease in operating expenses.

● Liquidity and Capital
Resources

As of March 31, 2025 and 2024, the Company’s
cash balance consisted of $2,159 and $158,316, respectively. The decrease in the cash balance was attributed to the expenses paid for
day to day activities. As of March 31, 2025 and 2024, the Company had $55,530 and $332,936 in total assets, respectively. The decrease
in total assets was attributed to cash paid for daily operations.

As of March 31, 2025 and 2024, the Company had total
liabilities of $1,008,547 and $716,217, respectively. The increase in liabilities was attributable to the operating expenses to be paid
in coming months.

As of March 31, 2025 and 2024, the Company has a working
capital of ($953,017) and ($492,996), respectively. The increase in working capital is due to a decline in cash expended for day to day
activity resulting in an increase in accounts payable.

Cash flow from Operating Activities

During the three months ended March 31, 2025 and 20244,
the Company used $12,340 and $119,789 of cash for operating activities, respectively, which reflects a decrease of $107,449 or 89.70%.
The decrease in the use of cash for operating activities was attributed to the company’s decrease in operating expenses.

Cash flow from Investing Activities

The Company used $0 and $26,860 in cash in investing
activities during the quarter ended March 31, 2025 and 2024, respectively. The decrease of $26,380 in cash