Company: GMER
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010826
Chunk: 22

Company: GOOD GAMING, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 22
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 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 used in investing activities
was attributed to the Company’s acquisition of intangible assets in 2024.

Cash flow from Financing Activities

During the quarters ended March 31, 2025 and 2024,
the Company received $0 and $740 of proceeds from financing activities, respectively, which reflects a decrease of $740. The decrease
was due to the lack of financing activity in 2025.

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 March 31, 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, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to stockholders.

Future Financings

We will continue to rely on equity sales of our preferred
shares in order to continue to fund