Company: GVSE
Filing Date: 2025-03-24
Form Type: S-1
Source: 0001641172-25-000381
Chunk: 31

Company: Gameverse Interactive Corp
Filing Date: 2025-03-24
Form: S-1
Chunk 31
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 exchange for 500,000 shares of
restricted common stock in an unrelated third-party, SRM Enterprises. In aggregate through the first quarter of 2025, the Company issued
1,000,000 shares of common stock through the friends and family round and received $1,736,000 in cash and 500,000 shares of restricted
stock in SRM Enterprises, for a total value received of $2,000,000.

In anticipation of the initial public offering,
we enhanced our capabilities in the gaming sector by adding new board members who bring expertise to our company with their unique perspectives
on how to launch gaming platforms on a global scale and we have begun to build management team with extensive industry experience to
assist the Company in preparing for the initial public offering and to operate and function as a public company. We will also continue
to utilize consultants to supplement our management team as needed. Through 2024, the Company primarily operated with only two full-time
employees and a small number of consultants. During this period the primary activities included: technology evaluation, creation, and
programming of the TruWorlds platform, capital raising, and business development activities which, in aggregate, support the eventual
launch of the TruWorlds platform.

| 21 |

Through December 31, 2024, the Company has an
accumulated deficit of approximately $2.5 million and has funded its operations through the sale of common stock as described above.
We anticipate that our expenses will increase in the future to support our operations, development activities, marketing of our TruWorlds
platform, and the increased costs of operating as a public company. These increases will likely include increased costs related to the
hiring of additional personnel and fees for outside consultants, lawyers and accountants, among other expenses. Additionally, we anticipate
increased costs associated with being a public company including expenses related to services associated with maintaining compliance
with exchange listing and Securities and Exchange Commission requirements, insurance, and investor relations costs.

We will need additional funds while we accelerate
the development of our platform. The Company’s continued existence is dependent upon management’s ability to obtain additional
funding, including but not limited to the proceeds from this offering, and to ultimately achieve profitable operations, of which there
can be no guarantee. These factors raise substantial doubt about our ability to continue as a going concern.

To fund our operations for at least the next twelve
months, we anticipate that we need approximately $1.3 million. With the Company’s