Company: GMER
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023350
Chunk: 9

Company: GOOD GAMING, INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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 the lowest fair value of the digital assets.

    F-7

On
July 2, 2024 all USDC digital assets were sold at their carrying value of $5,654. All remaining digital assets were sold to a former
employee on July 24, 2024 for $12,500.

As
of September 30, 2025, the carrying value of the Company’s digital assets was $0. As of December 31, 2024, the carrying value of
the Company’s digital assets was $0, reflecting a $30 impairment charge.

4.
Intangible assets

Good
Gaming Inc. initiated the development of a new game, Galactic Acres, in 2023 eventually launching it on Google Play on February 17, 2024.
During the preliminary development phase, expenses were recorded as incurred. Subsequently, in the development phase, the Company incurred
costs from third-party services. These expenses were reclassified as Intangible Assets under ASC 350-40-30-1, permitting the capitalization
of costs associated with obtaining computer software from third parties. The capitalized costs are being amortized over an estimated
useful life of 5 years. The Company has not been able to generate advertising revenue associated with the game developed and as such,
Management has deemed the intangible assets to be impaired, resulting in an impairment charge of $88,819 during the year ended December
31, 2024.

The
following summarizes the activity related to Intangible Assets during the three months ended September 30, 2025 and the year ended December
31, 2024:

 Schedule of Intangible Assets  

    September 30,  
    December 31, 

    2025  
    2024 
  
    Intangible Assets 
    $-  
    $108,660 
  
    Accumulated Amortization 
          -  
     (19,841)
  
    Impairment 
     -  
     (88,819)
  
    Intangible Assets, Net 
    $-  
    $- 

5.
Common Stock

Share
Transactions for the nine months ended September 30, 2025:

On
January 3, 2025, the Company issued 594,121 Company’s common stock to ViaOne employees as stock based compensation.

On
February 3, 2025, the Company issued 594,121 Company