Company: GMER
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010826
Chunk: 21

Company: GOOD GAMING, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 21
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 pre-installed on tens of thousands of devices.

Limited operating history and need for additional
capital

There is limited historical financial information
about us upon which to base an evaluation of our performance relating to our new business direction. We have generated little revenue.
We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of
a new business enterprise, including limited capital resources and possible cost overruns due to price and cost increases in services
and products.

Results of Operations

The three months ended March 31, 2025 as compared
to March 31, 2024

● Working Capital

    March 31, 

    2025  
    2024 
  
    Current Assets 
    $55,530  
    $223,221 

    Current Liabilities 
     1,008,547  
     716,217 

    Working Capital (Deficit) 
    $(953,017) 
    $(492,996)

4

● Operating Revenues

We have generated $0 and $183 in revenue in the three
months ended March 31, 2025 and 2024, respectively which reflects a decrease of $183 or 100%. The decrease in revenue was attributed to
the decision to halt Minecraft development.

● Operating Expenses
and Net Loss

Operating expenses for the three months ended March
31, 2025 and 2024 were $80,005 and $282,984, respectively, which reflects a decrease of $202,979 or 253.71%. The decrease in expenses was
attributable to a change in general administrative fees and professional fees.

During the three months ended March 31, 2025 and 2024,
the Company recorded a net loss of $81,000 and $355,165, respectively, which reflects a decrease of $274,165 or 338.48%. The decrease
in net loss was attributed to a decrease in operating expenses.

● Liquidity and Capital
Resources

As of March 31, 2025 and 2024, the Company’s
cash balance consisted of $2,159 and $158,316, respectively. The decrease in the cash balance was attributed to the expenses paid for
day to day activities. As of March 31, 2025 and 2024, the Company had $55,530 and $332,936 in total assets, respectively. The decrease
in total assets was