Company: GMER
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023350
Chunk: 16

Company: GOOD GAMING, INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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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 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 nine months ended September 30, 2025 and 2024, the Company provided $8,299 and used $285,631 of cash for operating activities, respectively,
which reflects an increase of $293,930 or 102.91%. The increase 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 $16,639 cash in investing activities during the nine months ended September 30, 2025 and 2024, respectively. The
decrease of $16,639 in cash used in investing activities was attributed to the Company’s acquisition of intangible assets and sale
of digital assets in 2024.

Going
Concern

We
have not attained profitable operations and are dependent upon obtaining financing to pursue any extensive acquisitions and activities.
For these reasons, our auditors stated in their report on our audited financial statements that they have substantial doubt that we will
be able to continue as a going concern for a period of one year from the issuance of these financial statements without further financing.

5

Off-Balance
Sheet Arrangements

As
of September 30, 2025, we had no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future
effect on our financial condition, changes in financial condition