BestGofer Inc. Files Q2 2024 10-Q with Financials

TL;DR

BestGofer Inc. 10-Q filed. Financials for Q2 2024 out. Check it.

AI Summary

BestGofer Inc. filed its 10-Q for the period ending May 31, 2024. The company, headquartered in Jerusalem, operates in the personal services sector. Financial details for the quarter and year-to-date are presented, with specific figures for common stock, preferred stock, additional paid-in capital, and retained earnings as of various dates in 2022, 2023, and 2024.

Why It Matters

This filing provides investors with the latest financial performance and position of BestGofer Inc., crucial for understanding the company's health and future prospects.

Risk Assessment

Risk Level: low — This is a routine quarterly filing with no immediate red flags or significant new disclosures that would indicate elevated risk.

Key Numbers

• 2024-05-31 — Reporting Period End Date (Indicates the end of the financial quarter being reported.)
• 2024-07-17 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
• 1130 — Fiscal Year End (Indicates the company's fiscal year concludes on November 30th.)

Key Players & Entities

• BestGofer Inc. (company) — Filer of the 10-Q
• 20240531 (date) — End of the reporting period
• Jerusalem (location) — Company headquarters
• 7200 (number) — Standard Industrial Classification code for Personal Services

FAQ

Key Financial Figures

• $12,500 — s As of May 31, 2024, the company has $12,500 in total assets. These assets are in th
• $107,909 — 00, As of May 31, 2024, the company has $107,909 in liabilities. These liabilities are i
• $16,925 — are in the form of due to related party $16,925, and accounts payable $90,984. As of N
• $90,984 — ted party $16,925, and accounts payable $90,984. 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 May 31, 2024
• $1,375 — ded May 31, 2024, and May 31, 2023, was $1,375 and $2,750. We have no material commit
• $2,750 — 2024, and May 31, 2023, was $1,375 and $2,750. We have no material commitments for t
• $24,424 — ed May 31, 2024, and May 31, 2023, were $24,424 and $14,935. Operating expenses consist
• $14,935 — 024, and May 31, 2023, were $24,424 and $14,935. Operating expenses consisted of genera
• $7,415 — of general and administration expenses $7,415 and professional fees $17,009 13 for
• $17,009 — n expenses $7,415 and professional fees $17,009 13 for the six months ended May 31,
• $7,320 — of general and administrative expenses $7,320 and professional fees $7,615 for the si

Filing Documents

• bgof-20240531.htm (10-Q) — 244KB
• 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
• 0001393905-24-000255.txt ( ) — 1317KB
• bgof-20240531_cal.xml (EX-101.CAL) — 13KB
• bgof-20240531_def.xml (EX-101.DEF) — 20KB
• bgof-20240531_lab.xml (EX-101.LAB) — 76KB
• bgof-20240531_pre.xml (EX-101.PRE) — 69KB
• bgof-20240531.xsd (EX-101.SCH) — 15KB
• bgof-20240531_htm.xml (XML) — 101KB

- 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 May 31, 2024 and November 30, 2023 (Unaudited) 4 Condensed Statement of Operations for the three and six months ended May 31, 2024 and May 31, 2023 (Unaudited) 5 Condensed Statement of Stockholders' Deficit for the three and six months ended May 31, 2024 and May 31, 2023 (Unaudited) 6 Condensed Statement of Cash Flows for the three and six months ended May 31,2024 and May 31, 2023 (Unaudited) 7 Notes to Condensed Financial Statements (Unaudited) 8 4 BESTGOFER INC. CONDENSED BALANCE SHEETS (Unaudited) May 31, 2024 November 30, 2023 ASSETS Current assets Prepaid expenses $ - $ 12,500 Total current assets - 12,500 Other advance 12,500 Total assets $ 12,500 $ 12,500 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities Accounts payable 90,984 43,535 Accrued expenses - 24,400 Due to related party 16,925 15,550 Total current liabilities 107,909 83,485 Stockholders' deficit Preferred stock $ 0.001 par value, 10,000,000 shares authorized, 0 issued and outstanding as of May 31, 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 May 31, 2024 and November 30, 2023 respectively 5,880 5,880 Additional paid-in capital 75,226 75,226 Accumulated deficit ( 176,515 ) ( 152,091 ) Total stockholders' deficit ( 95,409 ) ( 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 May 31, For the six months ended May 31, 2024 2023 2024 2023 Revenue $ - $ - $ - $ - Expenses General and administration 3,499 4,229 7,415 7,320 Professional fees

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 May 31, 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 May 31, 2024, the company has $12,500 in total assets. These assets are in the form of advance to vendors of $12,500, As of May 31, 2024, the company has $107,909 in liabilities. These liabilities are in the form of due to related party $16,925, and accounts payable $90,984. As of November 30, 2023, the company has $12,500 in total assets. These assets are in the form of prep

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 May 31, 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 May 31, 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 FINA

View Full Filing

View this 10-Q filing on SEC EDGAR