Fri, Jun 27, 10:03 AM (17 days ago)
**Summary of BestGofer Inc. (BESTG) 10-K/A** **Financial Performance:** - **Revenue:** $0 for both 2024 and 2023. - **Net Income:** Net loss of $27,562,000 in 2024 and $43,792,000 in 2023. - **Operating Expenses:** $33,016,000 in 2024 and $43,792,000 in 2023. - **Earnings per Share:** Basic and diluted loss per common share of $0.005 in 2024 and $0.007 in 2023. **Strategic Overview:** - BestGofer focuses on the delivery industry, aiming to provide consumers with on-demand delivery services via a smartphone app. - The company plans to launch its website and app by the fiscal year ending November 30, 2025. **Future Outlook:** - The company has not yet generated any revenue and anticipates substantial losses for the foreseeable future. - Plans to fund operations through debt and securities sales until generating enough revenue. **Risk Factors:** - The company is a smaller reporting company and does not have an established source of revenues sufficient to cover its operating costs. - There is substantial doubt about the company's ability to continue as a going concern. **Financial Condition:** - **Total Assets:** $12,500,000 in both 2024 and 2023. - **Total Liabilities:** $111,047,000 in 2024 and $83,485,000 in 2023. - **Accumulated Deficit:** $179,653,000 in 2024 and $152,091,000 in 2023. **Market Position Changes:** - No public market currently exists for shares of BestGofer's Common Stock. - The company has 31 shareholders of record as of November 30, 2024. **Changes in 10-K/A:** - The amendment includes updated financial statements and notes, reflecting the company's ongoing operations and financial condition. - The company has received additional funding from related parties to cover operating expenses and audit fees. **Note:** Amounts are in thousands, 000s.