Company: GVSE
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0001493152-25-003624
Chunk: 90

Company: Gameverse Interactive Corp
Filing Date: 2025-01-24
Form: DRS/A
Chunk 90
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 $         | 3 |     |             |   |     | $         | — |
| Exercisable at December 
 31, 2023                |     |        |       — |     | $         | — |     |             | — |     | $         | — |

During the year ended December 31, 2023, the Company issued 193,500 warrants through eight agreements, which are exercisable at a $3.00 strike price.

Note 8– Income Taxes

The provision (benefit) for income taxes for the years ended December 31, 2023 and 2022 were as follows, assuming a 21% and 21% effective tax rate, respectively:

| Deferred               
 tax provision:         
 Federal                |     | As       
 of       
 December 
 31,      
 2023     |         |   |     | 2022 |         |   |
|:-----------------------|:----|:---------|--------:|:--|:----|:-----|--------:|:--|
| Deferred               
 tax asset              |     | $        |  70,223 |   |     | $    |  13,115 |   |
| Valuation              
 allowance              |     |          | (70,223 | ) |     |      | (13,115 | ) |
| Total                  
 deferred tax provision |     | $        |       - |   |     | $    |       - |   |

Note 8– Income Taxes, continued

As of December 31, 2023, the Company had approximately $271,942 in tax loss carryforwards that can be utilized in future periods to reduce taxable income through 2040. The deferred tax liability balances as of December 31, 2023 and 2022 were zero and zero, respectively.

Note 9 – Subsequent Event

The Company has evaluated subsequent events
through July 5, 2024. The Company has determined that there are no other such events that warrant disclosure or recognition in the financial
statements other than as set forth below.

On January 24, 2024, the Company issued 25,000 common shares of stock, par value $0.001 and 25,000 warrants at a $3.00 strike price under a subscription agreement.

On February 28,2024, the Company issued 5,000 common shares of stock, par value $0.001 and 5,000 warrants at