Company: GMER
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010826
Chunk: 23

Company: GOOD GAMING, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 23
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 our business operations. Issuances of additional shares will result in dilution to existing stockholders.

There is no assurance that we will achieve any additional
sales of the equity securities or arrange for debt or other financing to fund our operations and other activities.

Critical Accounting Policies

Our financial statements and accompanying notes have
been prepared in accordance with United States generally accepted accounting principles applied on a consistent basis. The preparation
of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities as of the date of the
financial statements and the reported amounts of revenues and expenses during the reporting periods.

We regularly evaluate the accounting policies and
estimates we use to prepare our consolidated financial statements. Management’s estimates are based on historical experience, on
information from third party professionals, and on various other assumptions that are believed to be reasonable under the facts and circumstances.
Actual results could differ from those estimates made by management.

ITEM 3. QUANTITATIVE AND
QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Not required for smaller reporting companies.

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Based on the evaluation of our disclosure controls
and procedures (as defined in Rule 13a-15e under the Securities Exchange Act of 1934 the “Exchange Act”), our principal executive
officer and principal financial officer have concluded that as of the end of the three-month period ended March 31, 2025 covered by this
quarterly report on Form 10-Q, such disclosure controls and procedures were not effective due to the lack of segregation of duties and
lack of a formal review process that includes multiple levels of review to ensure that information required to be disclosed by us in reports
that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in Securities
and Exchange Commission rules and forms because of the identification of a material weakness in our internal control over financial reporting
which we view as an integral part of our disclosure controls and procedures. The material weakness relates to the lack of segregation
of duties in financial reporting, as our financial reporting and accounting functions were performed by an external consultant with no
oversight by a professional with accounting expertise. Our Chief Executive Officer and Chief Financial Officer did not possess accounting
expertise and our company does not have an audit committee. This weakness was due to the Company