Wed, Jul 17, 3:15 PM (52 days ago)
BestGofer Inc. reported a net loss of $24,424 for Q2 2024, an increase from the $14,935 loss in Q2 2023. The company has no revenue and continues to incur expenses primarily in general administration and professional fees. As of May 31, 2024, total assets were $12,500, unchanged from November 30, 2023, while liabilities increased to $107,909 from $83,485, primarily due to higher accounts payable. The accumulated deficit rose to $176,515 from $152,091. The company’s operations are funded by related party loans, with $1,375 received in the current period. The financial statements raise substantial doubt about the company's ability to continue as a going concern, with plans to seek additional capital through debt and equity offerings. The company's internal controls over financial reporting were deemed ineffective as of May 31, 2024.