Company: GMER
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001868
Chunk: 12

Company: GOOD GAMING, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 12
---
 were not effective as of December 31, 2024.

We
believe we have applied procedures and processes as necessary to ensure the reliability of our financial reporting regarding this annual
report. Accordingly, the Company believes, based on its knowledge, that: (i) this annual report does not contain any untrue statement
of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which
they were made, not misleading with respect to the period covered by this report; and (ii) the financial statements, and other financial
information included in this annual report, fairly present in all material respects our financial condition, results of operations and
cash flows as of and for the periods presented in this annual report.

Management’s
Report on Internal Control Over Financial Reporting

Management
is responsible for establishing and maintaining adequate internal control over financial reporting, as defined in Exchange Act Rule 13a-15(f).
The Company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability
of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally
accepted in the United States of America.

Because
of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of
any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions,
or that the degree of compliance with the policies or procedures may deteriorate.

Under
the supervision and with the participation of management, including the Chief Executive Officer and Chief Financial Officer, the Company
conducted an evaluation of the effectiveness of the Company’s internal control over financial reporting as of December 31, 2024
using the criteria established in “Internal Control - Integrated Framework (2013)” issued by the Committee of Sponsoring
Organizations of the Treadway Commission (“COSO”).

27

A
material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a
reasonable possibility that a material misstatement of the Company’s annual or interim financial statements will not be prevented
or detected on a timely basis. In its assessment of the effectiveness of internal control over financial reporting as of December 31,
2024, the Company determined that there were control deficiencies that constituted material weaknesses, as described below.

    1.
    We
    do not have an Audit Committee – While not being legally obligated to have an audit committee,