BestGofer Inc. Files Quarterly Report (10-Q) for Period Ended February 29, 2024

TL;DR

<b>BestGofer Inc. has submitted its quarterly report (10-Q) for the period ending February 29, 2024, detailing its financial activities and corporate information.</b>

AI Summary

BestGofer Inc. (BGFR) filed a Quarterly Report (10-Q) with the SEC on April 19, 2024. BestGofer Inc. filed a Form 10-Q for the quarterly period ended February 29, 2024. The filing covers the period from December 1, 2023, to February 29, 2024. The company's principal executive offices are located at 10 Nisan Beck St., Jerusalem, Israel. The filing is pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. BestGofer Inc. is incorporated in Nevada and has an IRS Employer Identification Number of 82-5296245.

Why It Matters

For investors and stakeholders tracking BestGofer Inc., this filing contains several important signals. This 10-Q filing provides investors and stakeholders with an update on BestGofer Inc.'s financial performance and operational status for the first quarter of fiscal year 2024. The report is crucial for understanding the company's financial health, any recent developments, and its compliance with SEC regulations.

Risk Assessment

Risk Level: low — BestGofer Inc. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate financial results or significant disclosures that would indicate high risk.

Analyst Insight

Monitor future filings for detailed financial statements and management's discussion and analysis to assess BestGofer Inc.'s performance.

Key Numbers

• 2024-02-29 — Quarterly Period End Date (Form 10-Q)
• 2023-12-01 — Quarterly Period Start Date (Form 10-Q)
• 0001722556 — Central Index Key (Registrant Identifier)
• 7200 — SIC Code (Primary standard industrial classification code)

Key Players & Entities

• BestGofer Inc. (company) — Registrant name
• February 29, 2024 (date) — Quarterly period ended
• 10 Nisan Beck St. (address) — Principal executive offices
• Jerusalem, Israel (location) — Principal executive offices
• 82-5296245 (identifier) — IRS employer identification number
• Nevada (location) — State of incorporation
• Securities Exchange Act of 1934 (regulation) — Filing pursuant to

FAQ

Industry Context

BestGofer Inc. operates within the Services - Personal Services sector (SIC code 7200). This filing is a standard quarterly report.

Regulatory Implications

The filing is made pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, which mandates regular reporting for public companies.

What Investors Should Do

1. Review the full 10-Q document for detailed financial statements and disclosures.
2. Analyze management's discussion and analysis (MD&A) for insights into performance drivers and risks.
3. Compare the reported period's performance against prior periods and industry benchmarks.

Key Dates

• 2024-02-29: Quarterly period ended — End of the reporting period for the 10-Q filing.
• 2024-04-19: Filing Date — Date the 10-Q was officially filed with the SEC.

Year-Over-Year Comparison

This is the initial 10-Q filing for the period ending February 29, 2024, following the company's fiscal year end on November 30, 2023.

Key Financial Figures

• $12,500 — s of February 29, 2024, the company has $12,500 in total assets. These assets are in th
• $93,002 — s of February 29, 2024, the company has $93,002 in liabilities. These liabilities are i
• $16,925 — are in the form of due to related party $16,925, accrued expenses $22,000 and accounts
• $22,000 — related party $16,925, accrued expenses $22,000 and accounts payable $54,077. As of No
• $54,077 — d expenses $22,000 and accounts payable $54,077. As of November 30, 2023, the company
• $83,485 — s of November 30, 2023, the company has $83,485 in liabilities. These liabilities are i
• $15,550 — are in the form of due to related party $15,550, accrued expenses $24,400 and accounts
• $24,400 — related party $15,550, accrued expenses $24,400 and accounts payable $43,535. Accumulat
• $43,535 — d expenses $24,400 and accounts payable $43,535. Accumulated deficit as of February 29,
• $1,375 — ry 29, 2024, and February 28, 2023, was $1,375 and $1,250. We have no material commit
• $1,250 — , and February 28, 2023, was $1,375 and $1,250. We have no material commitments for t
• $9,517 — y 29, 2024, and February 28, 2023, were $9,517 and $6,668. Operating expenses consiste
• $6,668 — and February 28, 2023, were $9,517 and $6,668. Operating expenses consisted of genera
• $3,916 — of general and administration expenses $3,916 and professional fees 13 $5,601 for
• $5,601 — nses $3,916 and professional fees 13 $5,601 for the three months ended February 29,

Filing Documents

• bgof-20240229.htm (10-Q) — 196KB
• bgof_ex311.htm (EX-31.1) — 7KB
• bgof_ex312.htm (EX-31.2) — 7KB
• bgof_ex321.htm (EX-32.1) — 4KB
• bgof_ex322.htm (EX-32.2) — 4KB
• 0001393905-24-000145.txt (&nbsp;) — 1227KB
• bgof-20240229_cal.xml (EX-101.CAL) — 12KB
• bgof-20240229_def.xml (EX-101.DEF) — 20KB
• bgof-20240229_lab.xml (EX-101.LAB) — 75KB
• bgof-20240229_pre.xml (EX-101.PRE) — 69KB
• bgof-20240229.xsd (EX-101.SCH) — 15KB
• bgof-20240229_htm.xml (XML) — 81KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION 4

Financial Statements

Item 1. Financial Statements 4

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

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 13

Quantitative and Qualitative Disclosures about Market Risk

Item 3. Quantitative and Qualitative Disclosures about Market Risk 14

Controls and Procedures

Item 4. Controls and Procedures 15

- OTHER INFORMATION

PART II - OTHER INFORMATION 16

Legal Proceedings

Item 1. Legal Proceedings 16

Risk Factors

Item 1A. Risk Factors 16

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 16

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 16

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 16

Other Information

Item 5. Other Information 16

Exhibits

Item 6. Exhibits 16

Signatures

Signatures 17 3 BESTGOFER INC.

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements INDEX TO UNAUDITED FINANCIAL STATEMENTS PAGE Condensed Balance Sheets at February 29, 2024 and November 30, 2023 (Unaudited) 4 Condensed Statement of Operations for the three months ended February 29, 2024 and February 28, 2023 (Unaudited) 5 Condensed Statement of Stockholders' Equity for the three months ended February 29, 2024 and February 28, 2023 (Unaudited) 6 Condensed Statement of Cash Flows for the three months ended February 29,2024 and February 28, 2023 (Unaudited) 7 Notes to Condensed Financial Statements (Unaudited) 8 4 BESTGOFER INC. CONDENSED BALANCE SHEETS (Unaudited) February 29, 2024 November 30, 2023 ASSETS Non-Current assets Advance to vendor $ 12,500 $ 12,500 Total non-current assets 12,500 12,500 Total assets $ 12,500 $ 12,500 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities Accounts payable 54,077 43,535 Accrued expenses 22,000 24,400 Due to related party 16,925 15,550 Total current liabilities 93,002 83,485 Stockholders' deficit Preferred stock $ 0.001 par value, 10,000,000 shares authorized, 0 issued and outstanding as of February 29, 2024 and November 30, 2023 respectively - - Common stock: $ 0.001 par value, 190,000,000 shares authorized, 5,880,000 shares issued and outstanding as of February 29, 2024 and November 30, 2023 respectively 5,880 5,880 Additional paid-in capital 75,226 75,226 Accumulated deficit ( 161,608 ) ( 152,091 ) Total stockholders' deficit ( 80,502 ) ( 70,985 ) Total liabilities and stockholders' deficit $ 12,500 $ 12,500 The accompanying notes are an integral part of these unaudited financial statements. 5 BESTGOFER INC. CONDENSED STATEMENTS OF OPERATIONS (Unaudited) For the three months ended February 29, 2024 February 28, 2023 Revenue $ - $ - Expenses General and administration 3,916 3,090 Professional fees 5,601 3,578 Total expenses 9,51

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

Item 2. 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 (i) our unaudited financial statement as of February 29, 2024, that appears elsewhere in this registration statement. This registration statement contains certain forward-looking statements, and our future operating results could differ materially from those discussed herein. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. We disclaim any obligation to update any such factors or to announce publicly the results of any revisions of the forward -looking statements contained herein to reflect future events or developments. Going Concern The future of our company is dependent upon its ability to obtain financing and upon future profitable operations from the sale of products and services through our websites. Management has plans to seek additional capital through a private placement and public offering of its common stock, if necessary. Our auditors have expressed a going concern opinion which raises substantial doubts about the Issuers ability to continue as a going concern. Plan of Operation Liquidity and Capital Resources As of February 29, 2024, the company has $12,500 in total assets. These assets are in the form of prepaid expenses of $12,500, As of February 29, 2024, the company has $93,002 in liabilities. These liabilities are in the form of due to related party $16,925, accrued expenses $22,000 and accounts payable $54,077. As of November 30, 2023, the company has $12,500 in total assets.

Quantitative and Qualitative Disclosures about Market Risk

Item 3. Quantitative and Qualitative Disclosures about Market Risk. Not Applicable to Smaller Reporting Companies. 14

Controls and Procedures

Item 4. Controls and Procedures. EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES As required by Rule 13a-15/15d-15 under the Securities and Exchange Act of 1934, as amended (the "Exchange Act"), as of February 29, 2024, we have carried out an evaluation of the effectiveness of the design and operation of our Company's disclosure controls and procedures. This evaluation was carried out under the supervision and with the participation of our Company's management, our President (Principal Executive Officer) and Treasurer (Principal Accounting Officer). Based upon the results of that evaluation, our management has concluded that, as of February 29, 2024, our Company's disclosure controls and procedures were not effective and do not provide reasonable assurance that material information related to our Company required to be disclosed in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms, and that such information is accumulated and communicated to management to allow timely decisions on required disclosure. MANAGEMENT'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING Management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act. Our internal control system is designed to provide reasonable assurance to our management and board of directors regarding the reliability of financial reporting and the preparation of financial statements for external reporting purposes in accordance with generally accepted accounting principles. Our inte

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