Company: GVSE
Filing Date: 2025-03-24
Form Type: S-1
Source: 0001641172-25-000381
Chunk: 29

Company: Gameverse Interactive Corp
Filing Date: 2025-03-24
Form: S-1
Chunk 29
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 and 2023, and the selected balance sheet data, have been derived from our audited financial statements included elsewhere in this prospectus. You should read the following selected financial data below in conjunction with the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and financial statements included elsewhere in this prospectus. The selected financial data in this section are not intended to replace, and are qualified in their entirety by, the financial statements and related notes.

Statements of Operations, Balance Sheet and Cash Flow Data

|                                       |     | Year Ended December 31, 
 2024                    |          |   |     | 2023 |            |   |
|:--------------------------------------|:----|:------------------------|---------:|:--|:----|:-----|-----------:|:--|
| Revenue                               |     | $                       |        - |   |     | $    |          - |   |
| Net loss                              |     | $                       | (421,262 | ) |     | $    | (2,016,070 | ) |
| Net cash used in operating activities |     | $                       | (369,515 | ) |     | $    |    (79,674 | ) |
| Ending cash balance                   |     | $                       |  993,333 |   |     | $    |    343,086 |   |

| 20 |

<div align='center'>MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</div>

The following discussion and analysis of our financial condition and results of operations should be read in conjunction with the section titled “Selected Consolidated Financial and Other Data” and the consolidated financial statements and related notes thereto included elsewhere in this prospectus. This discussion contains forward-looking statements that involve risks and uncertainties. Our actual results could differ materially from those discussed below. Factors that could cause or contribute to such differences include, but are not limited to, those identified below and those discussed in the section titled “Risk Factors” included elsewhere in this prospectus.

The story of Gameverse Interactive Corp (“the
Company”) began in 2022 when our founders, Jared Thau and Jordan Thau, were inspired by their experiences as developers on existing
platforms and their passion for creating a more inclusive, innovative, and empowering gaming environment. This vision has shaped our
approach to building the groundwork for the Company.

The Company was incorporated in the State of Nevada
on September