Company: GMER
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023550
Chunk: 15

Company: GOOD GAMING, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 in net loss was attributed to a decrease in operating expenses.

4

The
six months ended June 30, 2025 as compared to June 30, 2024

●
Operating Revenues

We
have generated $0 and $331 in revenue in the six months ended June 30, 2025 and 2024, respectively which reflects a decrease of $331
or 100%. The decrease in revenue was attributed to the decision to halt Minecraft development.

●
Operating Expenses and Net Loss

Operating
expenses for the six months ended June 30, 2025 and 2024 were $132,280 and $680,671, respectively, which reflects a decrease of $548,391
or 414.57%. The decrease in expenses was attributable to a change in general administrative fees and professional fees.

During
the six months ended June 30, 2025 and 2024, the Company recorded a net loss of $134,282 and $675,048, respectively, which reflects a
decrease of $540,766 or 402.71%. The decrease in net loss was attributed to a decrease in operating expenses.

●
Liquidity and Capital Resources

Working
Capital

    June 30,  
    December 31, 

    2025  
    2024 
  
    Current Assets 
    $34,764  
    $91,857 

    Current Liabilities 
     1,041,063  
     977,539 

    Working Capital (Deficit) 
    $(1,006,299) 
    $(885,682)

As
of June 30, 2025 and December 31, 2024, the Company’s cash balance consisted of $5,381 and $14,499, respectively. The decrease
in the cash balance was attributed to the expenses paid for day to day activities. As of June 30, 2025 and December 31, 2024, the Company
had $34,764 and $91,857 in total assets, respectively. The decrease in total assets was attributed to cash paid for daily operations.

As
of June 30, 2025 and December 31, 2024, the Company had total liabilities of $1,041,063 and $977,539, respectively. The increase in liabilities
was attributable to the operating expenses to be paid in coming months.

As
of June 30,