Good Gaming, Inc.

GMER: 10-Q · periodic report

Good Gaming, Inc. filed its 10-Q for the quarter ended June 30, 2026 reporting zero revenue and a net loss of $45,039 for the quarter and $108,056 for the six-month period, against just $25,042 in cash and $1,270,242 in total current liabilities. The filing carries explicit going-concern language: management states there is substantial doubt about the company's ability to continue for one year absent additional financing, citing a $1,215,747 working capital deficit and an $11.9 million accumulated deficit. Disclosure controls were concluded to be not effective due to a material weakness — accounting was performed by an external consultant with no oversight, officers lack accounting expertise, and the company has no audit committee, though a transition to CPA-led financial management is underway. The company is heavily entangled with related party ViaOne Services, which is owed $1,238,309 and controls 51% of voting power via its Series C preferred share, while 84,064,205 potentially dilutive shares from preferred stock and warrants loom over the 129.1 million shares outstanding.

SEC 10-Q•2mo ago

GMER: 10-Q · periodic report

Good Gaming, Inc. reported zero revenue for the quarter ended March 31, 2026, resulting in a net loss of $63,017 and a cash balance of just $24,802. The company faces substantial doubt about its ability to continue as a going concern, citing a working capital deficit of $1.17 million and an accumulated deficit of nearly $11.9 million. Management disclosed a material weakness in internal controls over financial reporting, noting a lack of segregation of duties and the absence of an audit committee. The company relies heavily on related-party transactions, owing $1.19 million to ViaOne Services, which is controlled by the CEO. With no current revenue generation and limited capital resources, the company states it must raise additional equity or debt financing to survive. The filing highlights the high risk associated with this micro-cap entity, which has exited previous business lines and is in the early stages of a new mobile game distribution strategy.

SEC 10-Q•5mo ago