GOOD GAMING, INC. Files 2023 Annual Report on Form 10-K

TL;DR

<b>GOOD GAMING, INC. (GMER) has filed its 2023 10-K report, detailing financial data and corporate history.</b>

AI Summary

GOOD GAMING, INC. (GMER) filed a Annual Report (10-K) with the SEC on April 1, 2024. GOOD GAMING, INC. (GMER) filed its annual report on Form 10-K for the fiscal year ended December 31, 2023. The company was formerly known as HDS INTERNATIONAL CORP. and GMV Wireless, Inc. The filing details financial information for the fiscal years ending December 31, 2023, 2022, and 2021. Key financial statement items such as preferred stock series (A, B, C, D, E), common stock, warrants, additional paid-in capital, and retained earnings are reported. The company's business address is located at 415 MCFARLAN ROAD, SUITE 108, KENNETT SQUARE, PA 19348.

Why It Matters

For investors and stakeholders tracking GOOD GAMING, INC., this filing contains several important signals. This 10-K filing provides a comprehensive overview of GOOD GAMING, INC.'s financial performance and position for the fiscal year 2023, crucial for investors assessing the company's stability and growth prospects. The report includes historical financial data from previous years, allowing for trend analysis and comparison of GOOD GAMING, INC.'s performance over time.

Risk Assessment

Risk Level: low — GOOD GAMING, INC. shows low risk based on this filing. The provided text is an excerpt from an SEC filing header and does not contain sufficient operational or financial detail to assess risk.

Analyst Insight

Review the full 10-K filing for detailed financial statements, management discussion and analysis, and risk factors to make an informed investment decision.

Key Numbers

• 2023-12-31 — Fiscal Year End (CONFORMED PERIOD OF REPORT)
• 2024-04-01 — Filed As Of Date (FILED AS OF DATE)
• 000-53949 — SEC File Number (SEC FILE NUMBER)
• 263988293 — IRS Number (IRS NUMBER)

Key Players & Entities

• GOOD GAMING, INC. (company) — CONFORMED NAME
• GMER (company) — TICKER SYMBOL
• HDS INTERNATIONAL CORP. (company) — FORMER COMPANY NAME
• GMV Wireless, Inc. (company) — FORMER COMPANY NAME
• 2023-12-31 (date) — CONFORMED PERIOD OF REPORT
• 2024-04-01 (date) — FILED AS OF DATE
• 415 MCFARLAN ROAD, SUITE 108, KENNETT SQUARE, PA 19348 (address) — BUSINESS ADDRESS
• 7372 (industry_code) — STANDARD INDUSTRIAL CLASSIFICATION

FAQ

Industry Context

GOOD GAMING, INC. operates within the prepackaged software industry, classified under SIC code 7372.

Regulatory Implications

The filing is a Form 10-K, an annual report required by the U.S. Securities and Exchange Commission (SEC) for public companies.

What Investors Should Do

1. Access and review the complete Form 10-K filing for GOOD GAMING, INC. for detailed financial statements and disclosures.
2. Analyze the company's historical financial performance, including revenue, net income, and debt levels, over the past three fiscal years.
3. Investigate the risk factors section within the 10-K to understand potential challenges and uncertainties facing GOOD GAMING, INC.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K.
• 2024-04-01: Filing Date — Date the 10-K was officially filed with the SEC.

Year-Over-Year Comparison

This filing is the annual report for the fiscal year ended December 31, 2023, and provides updated financial information compared to previous filings.

Key Financial Figures

• $1,000,000 — ny with the insurance coverage of up to $1,000,000. Employees We have three full-time
• $5 — ty securities with a market price below $5. Securities are registered on certain n
• $0.001 — to 100,000,000 shares of common stock, $0.001 par value. On May 3, 2018, the Company

Filing Documents

• form10-k.htm (10-K) — 847KB
• ex23-1.htm (EX-23.1) — 4KB
• ex31-1.htm (EX-31.1) — 18KB
• ex31-2.htm (EX-31.2) — 18KB
• ex32-1.htm (EX-32.1) — 5KB
• ex32-2.htm (EX-32.2) — 7KB
• form10-k_001.jpg (GRAPHIC) — 5KB
• form10-k_002.jpg (GRAPHIC) — 24KB
• form10-k_003.jpg (GRAPHIC) — 13KB
• ex23-1_002.jpg (GRAPHIC) — 44KB
• ex23-1_001.jpg (GRAPHIC) — 6KB
• ex23-1_003.jpg (GRAPHIC) — 19KB
• 0001493152-24-012092.txt (&nbsp;) — 3573KB
• gmer-20231231.xsd (EX-101.SCH) — 25KB
• gmer-20231231_cal.xml (EX-101.CAL) — 42KB
• gmer-20231231_def.xml (EX-101.DEF) — 93KB
• gmer-20231231_lab.xml (EX-101.LAB) — 205KB
• gmer-20231231_pre.xml (EX-101.PRE) — 167KB
• form10-k_htm.xml (XML) — 344KB

Business

Business Strategy In the past, our management team's business strategy was to be a full-service company providing best-in-class Esports gaming tournaments and Minecraft experiences. With the onset of the pandemic, the Esports industry has suffered a considerable amount of lost business opportunities. We were not immune to the effects of the pandemic on our Esports business. In addition, the size of the PC-based Minecraft gaming community has shrunk considerably. We have taken a hard look at both the Esports and Minecraft business verticals and determined that both strategies are no longer in the best interest of the company and our shareholders. We feel that both the Esports and Minecraft verticals do not have a significant upside in the future. As such, the Esports and Minecraft business verticals will not comprise a meaningful segment of our ongoing business strategy. We will not designate any future investment in either of these verticals for the foreseeable future. With the rise in the popularity of cryptocurrency and blockchain technologies, the Company has decided to invest in the creation of its new game, "MicroBuddies," which combines Ethereum ERC721 NFTs (Non-fungible tokens), non-standard ERC20 tokens (GOO), and strategic, long-tail web browser gameplay to replicate and create unique and collectible NFTs. ERC20 "GOO" tokens are limited to use as in-game currency only. This strategy will enable us to enter the emerging NFT and blockchain gaming space. Initial revenues from "MicroBuddies" will come from the sale of Nano Factory Tokens that will be used to synthesize generation 0 of "MicroBuddies." Ongoing "MicroBuddies" revenues will be generated from a 5% royalty on all sales of "MicroBuddy" NFTs in third-party marketplaces and a 0.01 MATIC per "MicroBuddy" replication. In 2022, we will introduce additional initiatives around the "MicroBuddies" intellectual property. We expect the ancillary "MicroBuddies" initiatives to create consistent, recurring reve

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS We are currently not aware of any such legal proceedings or claims that we believe will have a material adverse effect on our business, financial condition or operating results. From time to time, we may become involved in various lawsuits and legal proceedings, which arise in the ordinary course of business. Litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business. ITEM 4. MINE SAFETY DISCLOSURES Not Applicable. PART II ITEM 5. MARKET FOR THE REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Our common stock commenced trading on the over-the-counter Bulletin Board on October 7, 2009.On closing of the OTCBB, the Company has been trading on the OTCQB marketplace, and currently trades under the symbol "GMER". You should be aware that over-the-counter market quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not necessarily represent actual transactions. Following is a table of the high bid price and the low bid price for each quarter during the last two years. 2022 High Bid Low Bid First Quarter, Ending March 31 $ 0.1000 $ 0.0200 Second Quarter, Ending June 30 $ 0.0855 $ 0.0356 Third Quarter, Ending September 30 $ 0.0820 $ 0.0206 Fourth Quarter, Ending December 31 $ 0.0895 $ 0.0259 7 2023 High Bid Low Bid First Quarter, Ending March 31 $ 0.0505 $ 0.0251 Second Quarter, Ending June 30 $ 0.0450 $ 0.0166 Third Quarter, Ending September 30 $ 0.0270 $ 0.0140 Fourth Quarter, Ending December 31 $ 0.0155 $ 0.0087 Holders As of March 25, 2024, we have 120,539,109 shares of our common stock issued and outstanding held by 93 stockholders of record. As of March 25, 2024, we had 7,500 shares of Series A Preferred Stock issued and outstanding, 19,296 shares of Series B Preferred Stock issued and outstanding, 1 share of S

, Item 12 of this Annual Report on Form 10-K, and is incorporated herein by reference

Part III, Item 12 of this Annual Report on Form 10-K, and is incorporated herein by reference. Penny Stock Regulations and Restrictions on Marketability The SEC has adopted rules that regulate broker-dealer practices in connection with transactions in penny stocks. Penny stocks are generally equity securities with a market price below $5. Securities are registered on certain national securities exchanges or quoted on the NASDAQ system which provides the current price and volume information. The penny stock rules require a broker-dealer, prior to a transaction in a penny stock, to deliver a standardized risk disclosure document prepared by the SEC, that: (a) contains a description of the nature and level of risk in the market for penny stocks in both public offerings and secondary trading, (b) contains a description of the broker's or dealer's duties to the customer and of the rights and remedies available to the customer with respect to a violation of such duties or other requirements of the securities laws, (c) contains a brief, clear, narrative description of a dealer market, including bid and ask prices for penny stocks and the significance of the spread between the bid and ask price, (d) contains a toll-free telephone number for inquiries on disciplinary actions, (e) defines significant terms in the disclosure document or in the conduct of trading in penny stocks, and (f) contains such other information and is in such form, including language, type size and format, as the SEC shall require by rule or regulation. The broker-dealer must also provide, prior to effecting any transaction in a penny stock, the customer with (a) bid and offer quotations for the penny stock, (b) the compensation of the broker-dealer and its salesperson in the transaction, (c) the number of shares to which such bid and ask prices apply, or other comparable information relating to the depth and liquidity of the market for such stock, and (d) a monthly account statement showing the m

View Full Filing

View this 10-K filing on SEC EDGAR