Company: GVSE
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0001493152-25-003624
Chunk: 34

Company: Gameverse Interactive Corp
Filing Date: 2025-01-24
Form: DRS/A
Chunk 34
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 Where Creativity Meets Technology, participation becomes accessible to people of all ages, from novice teens to seasoned developers. Integration within the Where Creativity Meets Technology environment enables meaningful and profound immersion in virtual environments using virtual reality technology. Witness the birth of a brave new world where the boundaries between fantasy and reality, imagination and inventiveness, the inner and outer spheres of human experience become blurred by the advent of innovative technologies. Our business model further highlights the emphasis on user experience in three primary ways that will put Gameverse ahead of its peers.

| 1. | Retaining Ownership - Unlike platforms that may strip creators of ownership and control over                                      
 their content, TruWorlds ensures that creators retain full ownership of their creations. This empowers developers to              
 maintain control over their projects, fostering a sense of autonomy and creative freedom.                                         |
| 2. | Reducing Entry Barriers - Developing games and applications often demands momentous time,                                         
 resources, and expertise. TruWorlds lowers these entry barriers by providing accessible tools that allow users to create engaging 
 content without significant upfront expenses.                                                                                     |
| 3. | VR Integration - While many platforms lack seamless integration with virtual reality (VR),                                        
 TruWorlds is committed to incorporating VR technology. This enables us to provide players with more immersive and engaging        
 experiences, enhancing the overall gameplay.                                                                                      |

Results of Operations

For the years ended December 31, 2023 and 2022

Through the end of 2023, the Company has not recorded any revenues and has an accumulated deficit of approximately $2,078,524. Net loss from operations in 2023 was approximately $2,016,070 versus $62,454 in 2022. The 2023 increase reflects the costs of programmers utilized in the design and creation of the TruWorlds platform, as well as engaging advisors and consultants and other costs associated with readying the Company for the IPO including the costs related to auditing the Company’s past and current financial statements. $1,744,128
of the loss in 2023 is due to a family and friends direct offering. Cash used in operations in 2023 was approximately $79,674 versus approximately $0 in 2022 and cash inflows from financing
activities in 2023 was approximately $422,760 versus approximately $0 in 2022.

For the periods ended March 31, 2024 and 2023

Through March 31, 2024, the