Go Go Buyers' Losses Widen Amid Director Debt Forgiveness

TL;DR

**Go Go Buyers is a speculative bet, with a director's debt forgiveness masking deep operational losses and a precarious cash position.**

AI Summary

Go Go Buyers, Inc. reported a significant increase in net loss for the nine months ended September 30, 2025, reaching $(44,343) compared to $(32,774) for the same period in 2024. Revenue, however, saw an increase to $43,724 for the nine months ended September 30, 2025, up from $36,021 in 2024. The company's total assets grew substantially to $108,357 as of September 30, 2025, from $56,556 at December 31, 2024, primarily driven by an increase in intangible assets to $87,058. A key financial event was the forgiveness of a $196,479 loan from director Arturas Saladzius on September 24, 2025, which significantly boosted additional paid-in capital to $224,635 and reduced total liabilities from $101,394 to $1,059. Despite these changes, the company continues to operate at a loss and management acknowledges substantial doubt about its ability to continue as a going concern, anticipating reliance on additional investment capital for the next five years. Cash on hand remains critically low at $29 as of September 30, 2025.

Why It Matters

Go Go Buyers' widening net loss and reliance on external capital raise significant red flags for investors, indicating a lack of sustainable profitability despite revenue growth. The forgiveness of a $196,479 loan from director Arturas Saladzius, while improving the balance sheet, highlights the company's dependence on related-party financing, which can be a concern for corporate governance and independent valuation. For employees and customers, the 'going concern' warning signals potential instability, impacting job security and service continuity. In a competitive API integration market, Go Go Buyers' struggle to achieve profitability and its minimal cash reserves put it at a distinct disadvantage against more established and financially robust competitors.

Risk Assessment

Risk Level: high — The company explicitly states 'substantial doubt about the Company's ability to continue as a going concern' in Note 2, citing consistent losses and insufficient revenue to cover operating costs. Cash on hand is critically low at $29 as of September 30, 2025, down from $226 at December 31, 2024, indicating severe liquidity issues. The net loss for the nine months ended September 30, 2025, was $(44,343), further demonstrating a lack of profitability.

Analyst Insight

Investors should exercise extreme caution and avoid Go Go Buyers due to its 'going concern' warning, widening losses, and minimal cash reserves. The debt forgiveness, while positive for the balance sheet, does not address the fundamental operational unprofitability. This company is highly speculative and carries significant risk of failure.

Financial Highlights

debt To Equity

0.01

revenue

$43,724

operating Margin

-101.4%

total Assets

$108,357

total Debt

$1,059

net Income

$(44,343)

eps

$(0.01)

gross Margin

N/A

cash Position

$29

revenue Growth

+21.4%

Revenue Breakdown

Key Numbers

• $(44,343) — Net Loss (Increased from $(32,774) for the nine months ended September 30, 2024, indicating worsening profitability.)
• $43,724 — Revenue (Increased from $36,021 for the nine months ended September 30, 2024, showing some top-line growth.)
• $196,479 — Loan Forgiveness (Amount of debt forgiven by director Arturas Saladzius, significantly impacting liabilities and equity.)
• $29 — Cash (Critically low cash balance as of September 30, 2025, down from $226 at December 31, 2024.)
• $107,298 — Total Stockholders' Equity/(Deficit) (Turned positive from $(44,838) at December 31, 2024, primarily due to the debt forgiveness.)
• $87,058 — Intangible Assets, Net (Increased from $56,330 at December 31, 2024, representing a significant portion of total assets.)
• $(0.01) — Net Loss Per Common Share - Basic (Consistent for both nine-month periods, reflecting the ongoing losses.)
• 4,161,425 — Common Shares Outstanding (Consistent number of shares outstanding as of September 30, 2025 and December 31, 2024.)
• $1,059 — Total Liabilities (Significantly reduced from $101,394 at December 31, 2024, due to the director loan forgiveness.)
• $21,270 — Prepaid Expenses (Increased from $0 at December 31, 2024, indicating increased upfront payments for future services.)

Key Players & Entities

• Go Go Buyers, Inc. (company) — registrant
• Arturas Saladzius (person) — Company's director who forgave a $196,479 loan
• SEC (regulator) — Securities and Exchange Commission
• $44,343 (dollar_amount) — Net loss for the nine months ended September 30, 2025
• $32,774 (dollar_amount) — Net loss for the nine months ended September 30, 2024
• $43,724 (dollar_amount) — Revenue for the nine months ended September 30, 2025
• $196,479 (dollar_amount) — Loan amount forgiven by director Arturas Saladzius
• $29 (dollar_amount) — Cash on hand as of September 30, 2025
• $107,298 (dollar_amount) — Total Stockholders' Equity/(Deficit) as of September 30, 2025
• $87,058 (dollar_amount) — Intangible Assets, Net as of September 30, 2025

FAQ

Risk Factors

• Going Concern Uncertainty [high — financial]: Management acknowledges substantial doubt about the company's ability to continue as a going concern. The company has incurred net losses of $(44,343) for the nine months ended September 30, 2025, and relies on future investment capital for the next five years.
• Critically Low Cash Position [high — financial]: As of September 30, 2025, the company has only $29 in cash. This extremely low liquidity poses an immediate risk to the company's ability to meet its short-term obligations and fund operations.
• Dependence on Director Financing [high — financial]: The company's financial stability is heavily reliant on financing from its director, Arturas Saladzius. The forgiveness of a $196,479 loan significantly altered the balance sheet, highlighting a lack of diversified funding sources.
• Increasing Operating Expenses [medium — operational]: Total operating expenses increased to $88,067 for the nine months ended September 30, 2025, from $68,795 in the prior year period. This increase, particularly in amortization and professional fees, outpaced revenue growth, contributing to the widening net loss.
• Significant Increase in Intangible Assets [medium — financial]: Intangible assets, net, grew substantially to $87,058 as of September 30, 2025, from $56,330 at December 31, 2024. While this boosted total assets, the nature and valuation of these intangibles require scrutiny given the company's financial precariousness.
• Negative Operating Income [medium — financial]: The company reported a net loss from operations of $(44,343) for the nine months ended September 30, 2025, an increase from $(32,774) in the same period of 2024. This indicates a persistent inability to generate profit from core business activities.
• Increased Prepaid Expenses [low — operational]: Prepaid expenses rose to $21,270 from $0, indicating upfront payments for future services. While this could be strategic, it further strains the already critical cash position.

Industry Context

Go Go Buyers operates in the API integration services sector, focusing on flight and hotel price tracking, and global item delivery facilitation. The company faces competition from numerous providers of travel-related APIs and logistics platforms. The industry is characterized by rapid technological advancements, particularly in AI-driven pricing and data analytics, and a growing demand for seamless global connectivity.

Regulatory Implications

As a publicly reporting company, Go Go Buyers must adhere to SEC regulations, including timely and accurate financial reporting. The company's going concern disclosure indicates potential scrutiny from regulators and investors regarding its financial viability and disclosure practices.

What Investors Should Do

1. Monitor future funding rounds closely: The company's reliance on external capital for the next five years necessitates careful observation of its ability to secure necessary investments.
2. Scrutinize intangible asset valuation: Given the significant increase in intangible assets and the company's financial distress, investors should seek clarity on their valuation and recoverability.
3. Assess operational expense management: The rising operating expenses, particularly amortization and professional fees, should be monitored to understand if they are yielding commensurate revenue growth or strategic benefits.
4. Evaluate the sustainability of the business model: The persistent net losses and extremely low cash balance raise questions about the long-term viability of the current business model without significant strategic shifts or new capital infusions.

Key Dates

• 2025-09-30: Nine months ended September 30, 2025 — Reporting period showing increased revenue but a larger net loss, with a significant increase in intangible assets and a near-elimination of liabilities due to loan forgiveness.
• 2025-09-24: Director Loan Forgiveness — A $196,479 loan from director Arturas Saladzius was forgiven, substantially reducing total liabilities from $101,394 to $1,059 and boosting additional paid-in capital.
• 2025-12-31: December 31, 2024 — Prior year-end balance sheet figures used as a comparison point, showing higher liabilities and a deficit in stockholders' equity before the significant loan forgiveness.

Glossary

Intangible Assets, Net

Assets that lack physical substance but have value, such as patents, copyrights, and goodwill. 'Net' indicates accumulated amortization. (A significant portion of Go Go Buyers' assets ($87,058) consists of intangibles, which grew substantially, impacting the overall asset base.)

Additional Paid in Capital

The amount of money investors have paid for stock above its par or stated value. (This account increased dramatically to $224,635 due to the forgiveness of the director's loan, turning total stockholders' equity positive.)

Accumulated Deficit

The cumulative net losses of a company since its inception that have not been offset by net income. (Despite the equity boost from loan forgiveness, the company still carries a substantial accumulated deficit of $(121,498).)

Going Concern

An assumption that a company will continue to operate for the foreseeable future, typically at least 12 months. (Management has stated substantial doubt about Go Go Buyers' ability to continue as a going concern, highlighting significant financial risks.)

Amortization Expense

The expense recognized for the gradual expensing of the cost of intangible assets over their useful lives. (This expense increased significantly to $33,572 for the nine-month period, contributing to the overall net loss.)

Prepaid Expenses

Expenses paid in advance for goods or services to be received in the future. (The emergence of $21,270 in prepaid expenses, up from zero, indicates a new outflow of cash for future benefits, straining liquidity.)

Year-Over-Year Comparison

Compared to the prior year period, Go Go Buyers has seen revenue growth of 21.4% for the nine months ended September 30, 2025, reaching $43,724. However, this top-line improvement has been overshadowed by a widening net loss, which increased from $(32,774) to $(44,343). Total liabilities have been drastically reduced from $101,394 to $1,059 due to a significant loan forgiveness event, which also turned stockholders' equity positive. New risks include a critically low cash position of $29 and continued substantial doubt about the company's ability to continue as a going concern.

Key Financial Figures

• $250,000 — ederal depository insurance coverage of $250,000. The Company has not experienced losses
• $3,000 — retary and Director in consideration of $3,000. Loan Agreement – Related Party The
• $196,479 — advanced loans to the Company totaling $196,479. On September 24, 2025, the director ag
• $50,000 — ough verbal agreements in October 2019 ($50,000) and October 2020 ($50,000), and a subs
• $60,000 — t written loan agreement in March 2022 ($60,000) with an initial one-year term, later e
• $121,498 — ng loss carry forwards of approximately $121,498 that may be available to reduce future
• $25,515 — of September 30, 2025 was approximately $25,515. In assessing the realizability of defe
• $0.001 — shares of common stock at par value of $0.001 each. As of September 30, 2025, the Com
• $32,317 — s to its President and shareholders for $32,317. Warrants — The Company does not have

Filing Documents

• report10q_gogo09302025.htm (10-Q) — 321KB
• exhibit31.htm (EX-31.1) — 9KB
• exhibit32.htm (EX-32.1) — 5KB
• 0001842563-25-000022.txt ( ) — 1502KB
• ggby-20250930.xsd (EX-101.SCH) — 12KB
• ggby-20250930_cal.xml (EX-101.CAL) — 21KB
• ggby-20250930_def.xml (EX-101.DEF) — 15KB
• ggby-20250930_lab.xml (EX-101.LAB) — 104KB
• ggby-20250930_pre.xml (EX-101.PRE) — 77KB
• report10q_gogo09302025_htm.xml (XML) — 143KB

Financial Statements

Financial Statements. 5 Balance Sheets as of September 30, 2025 (Unaudited) and December 31, 2024 6 7 8 9 Notes to the Unaudited Financial Statements 10 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations. 16 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk. 19 Item 4.

Controls and Procedures

Controls and Procedures. 19 PART II OTHER INFORMATION: Item 1. Legal Proceedings. 19 Item 1A. Risk Factors. 19 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 20 Item 3. Defaults Upon Senior Securities. 20 Item 4. Mine Safety Disclosures. 20 Item 5. Other Information. 20 Item 6. Exhibits. 20

Signatures

Signatures 21 3 Special Note Regarding Forward—Looking Statements 10-Q that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate,", "approximate" or "continue", or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events. Financial information contained in this quarterly report and in our unaudited interim financial statements is stated in United States dollars and are prepared in accordance with United States generally accepted accounting principles. 4

—FINANCIAL

PART I—FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements. The accompanying interim

financial statements of GO GO BUYERS (the "Company", "we", "us" or "our"),

financial statements of GO GO BUYERS (the "Company", "we", "us" or "our"), have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission (the "SEC"). Certain information and footnote disclosures normally included in financial statements prepared in accordance with United States generally accepted principles have been condensed or omitted pursuant to such rules and regulations. The interim financial statements are condensed and should be read in conjunction with the Company's latest annual financial statements. In the opinion of management, the financial statements contain all material adjustments, consisting only of normal adjustments considered necessary to present fairly the financial condition, results of operations, and cash flows of the Company for the interim periods presented. 5 GO GO BUYERS BALANCE SHEETS September 30, 2025 (Unaudited) December 31, 2024 (Audited) ASSETS Current Assets Cash $ 29 $ 226 Prepaid Expenses 21,270 - Total Current Assets 21,299 226 Intangibles Assets, Net 87,058 56,330 Total Assets $ 108,357 $ 56,556 LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT) Liabilities Deferred Revenue $ 1,059 $ 1,978 Loan from Director - 99,416 Total Liabilities 1,059 101,394 Commitments and Contingencies Stockholders' Equity/(Deficit) Common stock: $ 0.001 par value, 75,000,000 shares authorized, 4,161,425 and 4,161,425 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 4,161 4,161 Additional Paid in Capital 224,635 28,156 Accumulated Deficit ( 121,498 ) ( 77,155 ) Total Stockholders' Equity/(Deficit) 107,298 ( 44,838 ) Total Liabilities and Stockholders' Equity/(Deficit) $ 108,357 $ 56,556 The accompanying notes are an integral part of these unaudited financial statements. 6 GO GO BUYERS For the three and nine months ended Septemb

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

Management's Discussion and Analysis of Financial Condition and Results of Operations. Overview Go Go Buyers specializes in two API integration services: API Flights and API Hotels. API Flights provides users with real-time flight price tracking from various suppliers, along with comprehensive airport schedule data and flight tracking features. API Hotels utilizes artificial intelligence to generate and compare hotel prices from a wide range of suppliers. Both services are accessible through our website https://gogobuyers.com/. In addition to our API services, we operate a forum where users can connect to place orders, make requests, and engage with travelers. Users can select a traveler from a list of countries to initiate a chat and arrange for item delivery. This platform aims to facilitate global connections and assist users in transporting items between locations. We expanded our product offerings with the Flight Calculator API, a tool for calculating air distances and flight times between any airports worldwide. This innovative solution empowers travelers, businesses, and aviation professionals to plan journeys with precision and optimize routes for efficiency. With Flight Calculator, users can make informed decisions and streamline travel planning processes effortlessly. The Flight Calculator API is accessible through our website https://api.gogobuyers.com/demo. The mailing address of the Company is at 5348 Vegas Drive, Las Vegas, NV 89108. Our telephone number is +86-13480684648. API Packages API Flights offers a comprehensive solution for tracking flight prices and accessing vital flight information. Powered by artificial intelligence, our software monitors prices from multiple suppliers, ensuring users find the best deals available. Our APIs provide access to airport schedules, flight tracking details (including departure and arrival times, dates, terminals, and current status), and more. With competitive pricing and over 1,000,000 request credit

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