BestGofer Acquires Home Inspection Firm, Still Lacks Revenue
Ticker: BGFR · Form: 10-Q · Filed: Oct 21, 2025 · CIK: 1722556
Sentiment: bearish
Topics: Going Concern, Acquisition, No Revenue, Small Cap, Related Party Transactions, Financial Instability, Home Inspection Services
Related Tickers: BGFR
TL;DR
**BGFR made a questionable acquisition of a home inspection company, but without revenue, it's still a speculative bet on future funding.**
AI Summary
BestGofer Inc. (BGFR) reported no revenue for the three and nine months ended August 31, 2025, consistent with the prior year. The company's net loss for the nine months ended August 31, 2025, was $20,900, an improvement from a net loss of $28,322 for the same period in 2024. Total assets significantly increased to $112,500 as of August 31, 2025, from $12,500 at November 30, 2024, primarily due to the acquisition of Liberty Home Inspection Services LLC (LHIS) on August 31, 2025, which introduced $92,048 in goodwill. Stockholders' deficit improved to $(19,447) from $(98,547) over the same period, largely driven by an increase in additional paid-in capital from $75,226 to $175,206. The company issued 20,000 common shares valued at $100,000 for the LHIS acquisition. BestGofer Inc. continues to face significant risks related to its ability to secure additional funding to operationalize its consumer delivery system and attain profitable operations, as highlighted by its going concern disclosure.
Why It Matters
This filing reveals BestGofer Inc.'s strategic pivot into home inspection services with the acquisition of Liberty Home Inspection Services LLC, a significant move for a company that previously focused on a consumer delivery system and generated no revenue. For investors, this acquisition, valued at $100,000 in common stock, introduces a new business line and substantial goodwill, but also underscores the company's ongoing challenge of achieving profitability and securing external funding. Employees of LHIS now operate under a company with a history of financial instability and a stated going concern risk. The broader market will watch if this acquisition can finally generate revenue for BGFR, potentially signaling a new competitive entrant in the home inspection sector, or if it merely adds complexity to a struggling entity.
Risk Assessment
Risk Level: high — BestGofer Inc. explicitly states it 'does not have an established source of revenues sufficient to cover its operating costs and to allow it to continue as a going concern.' The company reported $0 revenue for both the three and nine months ended August 31, 2025, and relies on related party funding, having received $46,500 from a related party in the nine months ended August 31, 2025, to cover operating activities.
Analyst Insight
Investors should exercise extreme caution and avoid BestGofer Inc. given its explicit going concern warning, lack of revenue, and reliance on related party funding. The acquisition of Liberty Home Inspection Services LLC, while adding assets, does not immediately resolve the fundamental issue of generating sustainable income.
Financial Highlights
- debt To Equity
- N/A
- revenue
- $0
- operating Margin
- N/A
- total Assets
- $112,500
- total Debt
- N/A
- net Income
- $(20,900)
- eps
- $(0.004)
- gross Margin
- N/A
- cash Position
- $62
- revenue Growth
- 0.0%
Revenue Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Total Revenue | $0 | 0.0% |
Key Numbers
- $0 — Revenue (No revenue generated for the three and nine months ended August 31, 2025 and 2024)
- $(20,900) — Net Loss (Net loss for the nine months ended August 31, 2025, an improvement from $(28,322) in 2024)
- $112,500 — Total Assets (Increased from $12,500 at November 30, 2024, primarily due to acquisition)
- $(19,447) — Stockholders' Deficit (Improved from $(98,547) at November 30, 2024)
- 20,000 — Common Shares Issued (Issued for the acquisition of Liberty Home Inspection Services LLC)
- $92,048 — Goodwill (Recognized from the acquisition of Liberty Home Inspection Services LLC)
- $46,500 — Proceeds from Related Party (Cash flow from financing activities for the nine months ended August 31, 2025)
- 5,900,000 — Common Shares Outstanding (As of August 31, 2025)
Key Players & Entities
- BestGofer Inc. (company) — registrant
- Liberty Home Inspection Services LLC (company) — acquired subsidiary
- Mohammad Hasan Hamed (person) — President of BestGofer Inc. and related party lender
- SEC (regulator) — Securities and Exchange Commission
- $112,500 (dollar_amount) — Total assets as of August 31, 2025
- $12,500 (dollar_amount) — Total assets as of November 30, 2024
- $20,900 (dollar_amount) — Net loss for the nine months ended August 31, 2025
- $28,322 (dollar_amount) — Net loss for the nine months ended August 31, 2024
- $92,048 (dollar_amount) — Goodwill from acquisition
- $100,000 (dollar_amount) — Value of common shares issued for subsidiary acquisition
FAQ
What is BestGofer Inc.'s current revenue status?
BestGofer Inc. reported $0 in revenue for both the three months and nine months ended August 31, 2025, consistent with the prior year's periods.
Did BestGofer Inc. make any significant acquisitions recently?
Yes, on August 31, 2025, BestGofer Inc. acquired Liberty Home Inspection Services LLC (LHIS), a Washington-based provider of home inspection services, through the issuance of 20,000 shares of its common stock.
What is BestGofer Inc.'s net loss for the nine months ended August 31, 2025?
BestGofer Inc. reported a net loss of $20,900 for the nine months ended August 31, 2025, which is an improvement from the $28,322 net loss reported for the same period in 2024.
What is the primary risk factor for BestGofer Inc. according to the filing?
The primary risk factor is the company's ability to continue as a going concern, as it 'does not have an established source of revenues sufficient to cover its operating costs' and relies on securing additional funding.
How did BestGofer Inc.'s total assets change?
Total assets for BestGofer Inc. increased significantly to $112,500 as of August 31, 2025, from $12,500 at November 30, 2024, largely due to the acquisition of LHIS and the resulting $92,048 in goodwill.
Who is Mohammad Hasan Hamed and what is his relationship with BestGofer Inc.?
Mohammad Hasan Hamed is the President of BestGofer Inc. and a related party who has provided funding to the company, including $46,500 in proceeds during the nine months ended August 31, 2025.
What is BestGofer Inc.'s plan to address its going concern issue?
BestGofer Inc. plans to raise additional capital through future public or private offerings of its stock or through loans from private investors, and to fund operations through debt and securities sales until it generates sufficient revenues.
How many common shares does BestGofer Inc. have outstanding?
As of October 16, 2025, BestGofer Inc. has 5,900,000 shares of common stock outstanding.
What was the value of the common shares issued for the Liberty Home Inspection Services LLC acquisition?
The company issued 20,000 common shares at a value of $5 per share, totaling $100,000, for the acquisition of Liberty Home Inspection Services LLC.
Where is BestGofer Inc.'s principal office located?
BestGofer Inc.'s principal office is located at 10 Nisan Beck St., Jerusalem, Israel 91034.
Risk Factors
- Going Concern and Need for Financing [high — financial]: The company's future is dependent on its ability to obtain financing and achieve profitable operations. As of August 31, 2025, BestGofer Inc. has a stockholders' deficit of $(19,447) and reported no revenue. This highlights a significant risk that the company may not be able to continue as a going concern without additional funding.
- Operationalization of Delivery System [high — operational]: BestGofer Inc. faces significant risks related to its ability to operationalize its consumer delivery system. The lack of revenue and ongoing net losses indicate potential challenges in executing its business model and scaling operations effectively.
- Dependence on Related Party Transactions [medium — financial]: The company has significant balances due from and to related parties ($7,890 due from, $63,425 due to as of August 31, 2025). This reliance on related parties for funding or operations can introduce financial risks and potential conflicts of interest.
- Acquisition Integration Risk [medium — financial]: The recent acquisition of Liberty Home Inspection Services LLC introduced $92,048 in goodwill. Successful integration of this acquisition is critical for future performance, and any failure to realize expected synergies or manage integration challenges could negatively impact financial results.
Industry Context
BestGofer Inc. operates in a competitive landscape, likely within the logistics, delivery, or a related service sector. The industry often requires significant capital investment for infrastructure and technology. Trends such as e-commerce growth and demand for faster delivery times put pressure on companies to innovate and scale efficiently.
Regulatory Implications
As a company seeking to operationalize a consumer delivery system, BestGofer Inc. may face regulatory scrutiny related to labor laws, transportation safety, and data privacy. Compliance with these regulations is crucial for sustained operations and avoiding potential fines or legal challenges.
What Investors Should Do
- Monitor funding activities closely.
- Evaluate the integration of Liberty Home Inspection Services LLC.
- Assess progress towards profitable operations.
Key Dates
- 2025-08-31: Acquisition of Liberty Home Inspection Services LLC — Significantly increased total assets by $92,048 (goodwill) and introduced new operational and integration considerations. Funded by $100,000 in common stock.
- 2025-08-31: End of Nine-Month Period — Reported a net loss of $20,900, an improvement from the prior year, but still indicates ongoing operational losses.
- 2024-11-30: Prior Fiscal Year End — Total assets were $12,500 and stockholders' deficit was $(98,547), providing a baseline for the significant changes in the current period.
Glossary
- Goodwill
- An intangible asset that arises when one company acquires another for a price greater than the fair market value of its assets and liabilities. It represents the value of the acquired company's brand name, customer base, and other intangible assets. (Represents a significant portion of BestGofer's increased assets ($92,048) following the acquisition of Liberty Home Inspection Services LLC.)
- Stockholders' Deficit
- Occurs when a company's total liabilities exceed its total assets, resulting in a negative net worth for the shareholders. (BestGofer Inc. has a stockholders' deficit of $(19,447) as of August 31, 2025, indicating that liabilities exceed assets, though it has improved from $(98,547) at November 30, 2024.)
- Additional Paid-in Capital
- The amount of capital that shareholders have paid to the company for stock in excess of its par value. (Increased significantly from $75,226 to $175,206, largely contributing to the improvement in the stockholders' deficit.)
- Going Concern
- An accounting assumption that a business will continue to operate for the foreseeable future, typically at least 12 months. If there is substantial doubt about a company's ability to continue as a going concern, it must be disclosed. (BestGofer Inc. has a going concern disclosure, indicating significant doubts about its ability to meet its financial obligations without additional funding.)
Year-Over-Year Comparison
BestGofer Inc. has seen a substantial increase in total assets from $12,500 to $112,500, primarily due to the acquisition of Liberty Home Inspection Services LLC, which added $92,048 in goodwill. The stockholders' deficit has improved significantly from $(98,547) to $(19,447), driven by a $100,000 increase in additional paid-in capital. However, revenue remains at $0, and the company continues to operate at a net loss, albeit a reduced one for the nine-month period, reinforcing its going concern risks.
Filing Stats: 4,544 words · 18 min read · ~15 pages · Grade level 16.3 · Accepted 2025-10-21 14:58:22
Filing Documents
- bgof-20250831_10q.htm (10-Q) — 307KB
- bgof_ex311.htm (EX-31.1) — 8KB
- bgof_ex312.htm (EX-31.2) — 7KB
- bgof_ex321.htm (EX-32.1) — 4KB
- 0001722556-25-000005.txt ( ) — 1735KB
- bgof-20250831_cal.xml (EX-101.CAL) — 14KB
- bgof-20250831_def.xml (EX-101.DEF) — 32KB
- bgof-20250831_lab.xml (EX-101.LAB) — 94KB
- bgof-20250831_pre.xml (EX-101.PRE) — 91KB
- bgof-20250831.xsd (EX-101.SCH) — 22KB
- bgof-20250831_10q_htm.xml (XML) — 159KB
- 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 14
Quantitative and Qualitative Disclosures about Market Risk
Item 3. Quantitative and Qualitative Disclosures about Market Risk 16
Controls and Procedures
Item 4. Controls and Procedures 16
- OTHER INFORMATION
PART II - OTHER INFORMATION 18
Legal Proceedings
Item 1. Legal Proceedings 18
Risk Factors
Item 1A. Risk Factors 18
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 18
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 18
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 18
Other Information
Item 5. Other Information 18
Exhibits
Item 6. Exhibits 18
Signatures
Signatures 19 3 BESTGOFER INC.
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements INDEX TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS PAGE Condensed Consolidated Balance Sheets at August 31, 2025 (Unaudited) and November 30, 2024 5 Condensed Consolidated Statements of Operations for the three and nine months ended August 31, 2025 and 2024 (Unaudited) 6 Condensed Consolidated Statements of Stockholders' Deficit for the three and nine months ended August 31, 2025 and 2024 (Unaudited) 7 Condensed Consolidated Statements of Cash Flows for the nine months ended August 31, 2025 and 2024 (Unaudited) 8 Notes to Condensed Consolidated Financial Statements (Unaudited) 9 4 BESTGOFER INC. AND SUBSIDIARY CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) August 31, 2025 November 30, 2024 ASSETS Current assets Bank 62 - Due from related party 7,890 - Total current assets 7,952 - Goodwill 92,048 - Other advances 12,500 12,500 Total assets $ 112,500 $ 12,500 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities Accounts payable 65,522 94,122 Accrued expenses 3,000 - Due to related party 63,425 16,925 Total current liabilities 131,947 111,047 Stockholders' deficit Preferred stock $ 0.001 par value, 10,000,000 shares authorized, 0 issued and outstanding as of August 31, 2025 and November 30, 2024 respectively - - Common stock: $ 0.001 par value, 190,000,000 shares authorized, 5,900,000 and 5,880,000 shares issued and outstanding as of August 31, 2025 and November 30, 2024 respectively 5,900 5,880 Additional paid-in capital 175,206 75,226 Accumulated deficit ( 200,553 ) ( 179,653 ) Total stockholders' deficit ( 19,447 ) ( 98,547 ) - Total liabilities and stockholders' deficit $ 112,500 $ 12,500 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. 5 BESTGOFER INC. AND SUBSIDIARY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Fo
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 August 31, 2025, 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 h