Quarterly ResultAug 7, 2026, 04:10 PM
Good Gaming H1 Net Loss $(108K); Zero Revenue; Going Concern Warning
AI Summary
Good Gaming, Inc. reported a net loss of $(108,056) for the six months ended June 30, 2026, a decrease from $(134,282) in the prior year, but continued to generate zero revenue. The company faces significant financial challenges, including a working capital deficit of $(1,215,747) and an accumulated deficit of $(11,918,532), leading auditors to issue a going concern warning. Management also identified a material weakness in internal controls due to a lack of segregation of duties.
Key Highlights
- Auditors issued a going concern opinion due to minimal revenues and dependence on financing.
- Net loss for the six months ended June 30, 2026, was $(108,056), a 24.27% decrease YoY.
- Company reported zero revenue for both the three and six months ended June 30, 2026.
- Working capital deficit worsened to $(1,215,747) as of June 30, 2026.
- Cash from operating activities was $11,565 for the six months ended June 30, 2026.
- Material weakness in internal controls identified due to lack of segregation of duties.
- Owed ViaOne Services, a related party, $1,238,309 as of June 30, 2026.
Price Impact