BestGofer Inc. Files Annual Report on Form 10-K for Fiscal Year Ended November 30, 2023

TL;DR

<b>BestGofer Inc. has submitted its 2023 annual report on Form 10-K, detailing its financial performance and operations for the fiscal year ending November 30, 2023.</b>

AI Summary

BestGofer Inc. (BGFR) filed a Annual Report (10-K) with the SEC on January 18, 2024. BestGofer Inc. filed its annual report on Form 10-K for the fiscal year ended November 30, 2023. The filing covers the period from December 1, 2022, to November 30, 2023. The company's principal executive offices are located at Hagai 24, Diamona, L3, 80600. BestGofer Inc. was incorporated in Nevada. The filing was made on January 18, 2024.

Why It Matters

For investors and stakeholders tracking BestGofer Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of BestGofer Inc.'s financial health, operational activities, and strategic direction for the fiscal year 2023, which is crucial for investors to assess the company's performance and future prospects. The detailed financial information and risk factors disclosed in this report are essential for stakeholders to make informed investment decisions and understand potential challenges the company may face.

Risk Assessment

Risk Level: low — BestGofer Inc. shows low risk based on this filing. The risk level is assessed as low because the provided text is a standard 10-K filing header and does not contain specific financial performance data, forward-looking statements, or disclosed risks that would indicate a higher risk profile.

Analyst Insight

Review the full 10-K filing for BestGofer Inc. to understand its financial performance, operational details, and any disclosed risks for the fiscal year ended November 30, 2023.

Key Numbers

• 2023-11-30 — Fiscal Year End (The end date of the reporting period.)
• 2024-01-18 — Filing Date (The date the 10-K was filed with the SEC.)

Key Players & Entities

• BestGofer Inc. (company) — Filer of the 10-K report.
• November 30, 2023 (date) — Fiscal year end date.
• January 18, 2024 (date) — Date the filing was made.
• Hagai 24, Diamona, L3, 80600 (address) — Business and mailing address of BestGofer Inc.
• Nevada (location) — State of incorporation for BestGofer Inc.

FAQ

Industry Context

BestGofer Inc. operates within the Services-Personal Services sector, as indicated by its SIC code 7200.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, which governs the reporting requirements for public companies in the United States.

What Investors Should Do

1. Access and thoroughly review the complete BestGofer Inc. 2023 Form 10-K filing.
2. Analyze the financial statements, management's discussion and analysis, and risk factors sections for key insights.
3. Compare the 2023 performance and disclosures with previous filings to identify trends and changes.

Key Dates

• 2023-11-30: Fiscal Year End — Marks the end of the reporting period for the 10-K.
• 2024-01-18: 10-K Filing Date — The date BestGofer Inc. submitted its annual report.

Year-Over-Year Comparison

This is the initial filing provided, so a comparison to a previous filing is not possible with the given data.

Key Financial Figures

• $400 — , marijuana etc.), orders exceeding the $400 limit, delivery of persons. Gofers may
• $43,792 — ended November 30, 2023, and 2022 were $43,792 and $33,343 respectively. Operating exp
• $33,343 — ber 30, 2023, and 2022 were $43,792 and $33,343 respectively. Operating expenses consis
• $14,089 — general and administrative expenses of $14,089 and professional fees of $29,703 for th
• $29,703 — ses of $14,089 and professional fees of $29,703 for the year ended November 30, 2023. O
• $10,213 — general and administrative expenses of $10,213 and professional fees of $23,130 for th
• $23,130 — ses of $10,213 and professional fees of $23,130 for the year ended November 30, 2022.
• $12,500 — s of November 30, 2023, the Company has $12,500 in total assets. These assets are in th
• $83,485 — s of November 30, 2023, the Company has $83,485 in liabilities. These liabilities are i
• $43,535 — es are in the form of accounts payable, $43,535, accrued expenses, $24,400 and amounts
• $24,400 — nts payable, $43,535, accrued expenses, $24,400 and amounts due to the related party, $
• $15,550 — 0 and amounts due to the related party, $15,550. As of November 30, 2022, the Company
• $39,693 — s of November 30, 2022, the Company has $39,693 in liabilities. These liabilities are i
• $12,800 — in the form of due to the related party $12,800, and accounts payable, $26,893. Accum
• $26,893 — ed party $12,800, and accounts payable, $26,893. Accumulated deficit as of November 3

Filing Documents

• gofr-20231130.htm (10-K) — 318KB
• bgof_ex31z1.htm (EX-31.1) — 7KB
• bgof_ex31z2.htm (EX-31.2) — 7KB
• bgof_ex32z1.htm (EX-32.1) — 3KB
• bgof_ex32z2.htm (EX-32.2) — 4KB
• bestgofer10kxbrl_1.jpg (GRAPHIC) — 18KB
• bestgofer10kxbrl_2.jpg (GRAPHIC) — 4KB
• 0001558891-24-000004.txt (&nbsp;) — 1688KB
• gofr-20231130_cal.xml (EX-101.CAL) — 16KB
• gofr-20231130_def.xml (EX-101.DEF) — 36KB
• gofr-20231130_lab.xml (EX-101.LAB) — 95KB
• gofr-20231130_pre.xml (EX-101.PRE) — 90KB
• gofr-20231130.xsd (EX-101.SCH) — 17KB
• gofr-20231130_htm.xml (XML) — 114KB

Business

Business 3 ITEM 1A.

Risk Factors

Risk Factors 6 ITEM 1B. Unresolved Staff Comments 6 ITEM 2.

Properties

Properties 6 ITEM 3.

Legal Proceedings

Legal Proceedings 6 ITEM 4. Safety Disclosures 6 PART II ITEM 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 6 ITEM 6.

Selected Financial Data

Selected Financial Data 7 ITEM 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 7 ITEM 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 8 ITEM 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 9 ITEM 9. Changes In and Disagreements with Accountants on Accounting and Financial Disclosure 20 ITEM 9A.

Controls and Procedures

Controls and Procedures 21 ITEM 9B. Other Information 21 PART III ITEM 10. Directors, Executive Officers, and Corporate Governance 22 ITEM 11.

Executive Compensation

Executive Compensation 22 ITEM 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 22 ITEM 13. Certain Relationships and Related Transactions, and Director Independence 22 ITEM 14. Principal Accounting Fees and Services 24 PART IV ITEM 15. Exhibits, Financial Statement Schedules 24

Forward-Looking Statements

Forward-Looking Statements This report includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. All statements other than statements of historical facts are "forward-looking statements" for purposes of these provisions, including any projections of earnings, revenues or other financial items, any statement of the plans and objectives of management for future operations, any statements concerning proposed new products or strategic arrangements, any statements regarding future economic conditions or performance, and any statement of assumptions underlying any of the foregoing. In some cases, forward-looking statements can be identified by the use of terminology such as "may," "will," "expects," "plans," "anticipates," "estimates," "potential," "intends", or "continue" or the negative thereof or other comparable terminology. Although the Company and its management believe that the expectations reflected in the forward-looking statements contained herein are reasonable, there can be no assurance that such expectations or any of the forward-looking statements will prove to be correct, and actual results could differ materially from those projected or assumed in the forward-looking statements. The Company's future financial condition and results of operations, as well as any forward-looking statements, are subject to inherent risks and uncertainties, including but not limited to the Risk Factors set forth under Item 1A, and for the reasons described elsewhere in this report. All forward-looking statements and reasons why results may differ included in this report are made as of the date hereof, and we assume no obligation to update these forward-looking statements or reasons why actual results might differ. PART I

Business

Item 1. Business Overview BestGofer (or the "Company") intends to focus on the delivery industry by providing consumers with the ability of having any desired retail item purchased on their behalf delivered directly to their door at any given time. The Company plans on serving consumers through the convenience of a smart phone app by notifying local delivery staff (called "Gofers") through an online communication system of a desired pick up or delivery request, such as groceries, business packages, personal items etc. The consumer must state a maximum dollar amount at the time of notification, restricting Gofers from unauthorized spending on behalf of the consumer. Consumers may be retailers, businesses or individuals who need assistance, or those who simply wish to enjoy the advantage of door step delivery for any convenience item. Eligible consumers must be over the age of 18 and own a valid credit card. Credit cards of consumers will be linked through the app and charged at the time of delivery. Deliveries are subject to a fee; an amount agreed upon by Gofer and consumer. Items of delivery must meet our criteria including weight limit of 40 lbs per delivery, no prescription drugs, etc. Items of delivery must be accessible retail items. Prohibited items of purchase include pornographic content, controlled substances (i.e. drugs, marijuana etc.), orders exceeding the $400 limit, delivery of persons. Gofers may exercise their right to refuse service should the item criteria not be met. There are no specific privacy regulations that effect our, however credit card users have certain rights as defined in such statutes as the Fair Credit Billing Act of 1986 (FCBA). Under the FCBA, a customer can dispute charges and we may have to refund any payments if the credit card company agrees with the customer. 3 Description of Business Product and Services BestGofer App: Qualified consumers will be required to open an online account using the Gofer app on their

Risk Factors

Item 1A. Risk Factors We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information under this item.

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments . Not applicable.

Properties

Item 2. Properties. BestGofer will maintain an executive office at 24 Hagai, Dimona 80600, Israel, 03-9117987. All marketing, sales and customer support will be managed from this office.

Legal Proceedings

Item 3. Legal Proceedings. There are no legal actions pending against us nor any legal actions contemplated by us at this time.

Safety Disclosures

Item 4. Safety Disclosures. Not Applicable PART II

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. Market for Common Equity No public market currently exists for shares of our Common Stock. Our Common Stock is not quoted and there have been no quotes of our Common Stock during the two most recent fiscal years and subsequent interim periods for which financial statements are included herein. Accordingly, there is no current quote price for our Common Stock. The Company has no equity compensation plans and there are no shares of common stock issuable upon the exercise of outstanding options or warrants to purchase, or securities convertible into, common stock of the Company. Holders As of November 30, 2023, the Company had thirty-one (31) shareholders of record of its Common Stock Dividend Policy We have not declared any dividends since incorporation and do not anticipate that we will do so in the foreseeable future. Although there are no restrictions that limit the ability to pay dividends on our Common shares, our intention is to retain future earnings for use in our operations and the expansion of our business. Securities Authorized for Issuance under Equity Compensation Plans: The Company does not have any equity compensation plans. Recent Sales of Unregistered Securities: None 6

Selected Financial Data

Item 6. Selected Financial Data. The Index to Condensed Financial Statements and Schedules appears on page 9. The Report of Independent Registered Public Accounting Firm appears on page 10, and the Condensed Financial Statements and Notes to Condensed Financial Statements appear beginning on 12.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations The following discussion of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes, and other financial information contained in this Annual Report on Form 10-K. Going Concern The Company's financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company does not have an established source of revenues sufficient to cover its operating costs and to allow it to continue as a going concern. Under the going concern assumption, an entity is ordinarily viewed as continuing in business for the foreseeable future with neither the intention nor the necessity of liquidation, ceasing trading, or seeking protection from creditors pursuant to laws or regulations. Accordingly, assets and liabilities are recorded on the basis that the entity will be able to realize its assets and discharge its liabilities in the normal course of business. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plan described in the Business paragraph and eventually attain profitable operations. The accompanying financial statements do not include any adjustments that may be necessary if the Company is unable to continue as a going concern. During the next year, the Company's foreseeable cash requirements will relate to continual development of the operations of its business, maintaining its good standing and making the requisite filings with the Securities and Exchange Commission, and the payment of expenses associated with app development. The Company may experience a cash shortfall and be required to raise additional capital. Historically, it has mos

Quantitative and Qualitative Disclosures about Market Risk

Item 7A. Quantitative and Qualitative Disclosures about Market Risk. Not Applicable to Smaller Reporting Companies. 8

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data. BestGofer Inc. TABLE OF CONTENTS NOVEMBER 30, 2023 PAGE Report of Independent Registered Public Accounting Firm Barton CPA PLLC (PCAOB, Firm ID 6968 ) 10 Report of Independent Registered Public Accounting Firm MICHAEL GILLESPIE & ASSOCIATES, PLLC Firm Id 6108 11 Condensed Balance Sheets at November 30, 2023 and 2022 12 Condensed Statements of Operations for the years ended November 30, 2023 and 2022 13 Condensed Statements of Stockholders' Deficit for the years ended November 30, 2023 and 2022 14 Condensed Statements of Cash Flows for the years ended November 30, 2023 and 2022 15 Notes to Condensed Financial Statements 16 9 Certified Public Accountants and Advisors A PCAOB Registered Firm 817-721-0341 bartoncpafirm.com Cypress, Texas To the Board of Directors and Shareholders BestGofer, Inc. Opinion on the Financial Statements We have audited the accompanying balance sheets of BestGofer, Inc. as of November 30, 2023, and the related statements of operations, stockholders' equity, and cash flows for the year then ended, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of BestGofer, Inc. as of November 30, 2023, and the results of its operations and its cash flows for the year ended November 30, 2023, in conformity with accounting principles generally accepted in the United States of America. The balance sheets of BestGofer, Inc. as of November 30, 2022, and the related statements of operations, stockholders' equity, and cash flows for the year then ended were audited by other auditors. Those auditors expressed an unqualified opinion on those financial statements in their report dated January 10, 2023. Basis for Opinion These financial statements are the responsibility of the entity's management. Our responsibility is to express an opinion on

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