BestGofer Inc. reported its financial results for the six months ending May 31, 2025, revealing a continued lack of revenue generation. The company recorded total expenses of $15,500 for the period, a decrease from $24,424 in the same period last year. The net loss for the six months was $15,500, compared to a loss of $24,424 in the prior year, indicating a reduction in losses. The basic and diluted loss per share remained at $(0.003) for the six-month period, consistent with the previous year.
In terms of financial position, BestGofer's total assets remained unchanged at $12,500 as of May 31, 2025, compared to November 30, 2024. However, total liabilities increased to $126,547 from $111,047, primarily due to an increase in amounts due to related parties, which rose to $63,425 from $16,925. The accumulated deficit also widened to $195,153 from $179,653, reflecting ongoing operational challenges.
The company has not made significant strategic developments during this period, as it continues to focus on securing additional funding to operationalize its delivery system. BestGofer has not launched new products or made acquisitions, and its operational activities remain limited. The company’s management has indicated that it plans to seek additional capital through private placements and public offerings to support its operations and development efforts.
Operationally, BestGofer has not reported any customer counts or user statistics, as it has not generated any revenue from its planned business activities. The company’s cash flow from operating activities showed a net outflow of $46,500 for the six months ended May 31, 2025, compared to $1,375 in the same period last year. This significant increase in cash used in operations highlights the ongoing financial strain the company is experiencing.
Looking ahead, BestGofer's management has expressed concerns regarding the company's ability to continue as a going concern, emphasizing the need for additional funding to meet its operational costs. The company’s future performance remains uncertain, and it may face challenges in generating revenue in the next 12 months. The management has acknowledged that without successful fundraising efforts, the company may not be able to sustain its operations.
About BestGofer Inc.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.