Wed, Jul 2, 3:13 PM (12 days ago)
**Summary of BestGofer Inc. (BESTG) Q1 2025 Financial Health** BestGofer Inc. (BESTG) filed an amendment (10-Q/A) to its Q1 2025 report, updating Exhibits 31.1 and 31.2 without altering the original financial statements. Key financial metrics for Q1 2025 include: - **Revenue**: $0 (no revenue generated). - **Expenses**: $10,800, up from $9,517 in Q1 2024, consisting of general and administrative expenses ($4,800) and professional fees ($6,000). - **Net Loss**: $10,800, widening from a net loss of $9,517 in Q1 2024. - **Cash Flow**: Net cash used in operating activities was $44,500, compared to $1,375 in Q1 2024. Cash flows from financing activities were $44,500, up from $1,375 in Q1 2024. - **Liquidity**: Total assets remained at $12,500, with liabilities increasing to $121,847, including $61,425 due to related parties and $60,422 in accounts payable. - **Stockholders' Deficit**: Worsened to $109,347, up from $98,547 in Q1 2024. **Trends and Uncertainties**: - The company continues to operate without revenue, relying on related party funding. - Significant uncertainties include the ability to secure additional funding and achieve profitable operations. - Management plans to seek additional capital through private placements and public offerings. **Future Operations Impact**: - The company's ability to continue as a going concern is dependent on raising sufficient capital. - Failure to secure additional funding could have a material adverse effect on the company and its shareholders. **Ticker**: BESTG