Company: GVSE
Filing Date: 2025-04-17
Form Type: S-1/A
Source: 0001641172-25-005196
Chunk: 36

Company: Gameverse Interactive Corp
Filing Date: 2025-04-17
Form: S-1/A
Chunk 36
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 December 31, 2024, the Company has an
accumulated deficit of approximately $2.5 million and has funded its operations through the sale of common stock as described above.
We anticipate that our expenses will increase in the future to support our operations, development activities, marketing of our TruWorlds
platform, and the increased costs of operating as a public company. These increases will likely include increased costs related to the
hiring of additional personnel and fees for outside consultants, lawyers and accountants, among other expenses. Additionally, we anticipate
increased costs associated with being a public company including expenses related to services associated with maintaining compliance
with exchange listing and Securities and Exchange Commission requirements, insurance, and investor relations costs.

We will need additional funds while we accelerate
the development of our platform. The Company’s continued existence is dependent upon management’s ability to obtain additional
funding, including but not limited to the proceeds from this offering, and to ultimately achieve profitable operations, of which there
can be no guarantee. These factors raise substantial doubt about our ability to continue as a going concern.

To fund our operations for at least the next twelve
months, we anticipate that we need approximately $1.3 million. With the Company’s available cash at December 31, 2024 of $993,333
plus the additional proceeds from stock sales in the first quarter of 2025, the Company anticipates that it can conduct planned operations
for approximately eleven months without raising additional funds. The anticipated net proceeds from this offering will provide further
runway for the Company to launch, market and grow the TruWorlds platform, which may also include ramping up our development efforts to
accelerate the timing of our initiatives.

Critical Accounting Policies

In Footnote 2 of our Audited Financial Statements
for the years ended December 31, 2024, and 2023, found elsewhere in this filing, we include a discussion of the most critical accounting
policies used in the preparation of our financial statements. There has been no material change in the policies and estimates used in
the preparation of our financial statements since the completion of the 2024 and 2023 audits.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements
as such term is defined in Item 303(a)(4) of Regulation S-K.

Financial operations overview

Revenue

We have not generated any revenue through December
31, 2024 and we currently do anticipate generating any