GMER 10-K & 10-Q changes, risk factors and insider trading

We have generated $433$0 in revenue in 20242025 and $3,443$443 in revenue in the fiscal year of 2023,2024, which reflects a decrease of $3,010$433 or -87.72%.100.00%. The The decline in revenue is attributable to the Company’s focus on developing a new game, Galactic Acres, and reduced activity on the the Microbuddies game by customers. In Q3 2024, the Company sold all assets and proprietary technology related to MicroBuddies™, all all owned Minecraft Servers, and Roblox because those assets failed to generate revenue and were not actively maintained by the Company.

Operating expenses for the year ended December 31, 20242025 were $949,434$231,854 compared with $987,597$949,434 for the year ended December 31, 2023.2024. The decrease in operating expenses in the amount of $38,163$717,147 or -3.86%-309.31% is primarily attributed to ana increasedecrease in general and administrative fees of of approximately $364,000 due to$122,000, a credit of insurance expense in the prior year, an increasedecrease in depreciation and amortization of approximately $18,000, $20,000, offset by a decrease an increase in software development costs of $126,000,$168,000, and a decrease, in professional fees of approximately $298,000, $403,000, attributed to reduced legal fees and reduced leased employee services .services.

During the year ended December 31, 2024,2025, the Company recorded a net loss of $962,963$235,674 compared with a net loss of $864,979$962,963 for the year ended December 31, 2023.2024. The increasedecrease in net loss in the amount of $97,984$727,289 or 11.33%-308.60% is attributed to a decrease in operating expenses of $38,193$717,147 as discussed above, offset by a decrease in other income of $133,000.approximately $10,000. The decrease in other income is attributed attributed to a decrease in the gain on the sale of digital assets of $115,000, offset by an increase in other income of $69,000approximately $70,000 due to the write off of liabilities past the statute of limitations.limitations in 2024 compared to other income of $0 in 2025. In addition, we had ana increasedecrease in the impairment charge of approximately $88,000 due to the the write off of intangible assets duringin the2024 year.compared to $0 in 2025. The Company directed its efforts toward the development of a new game, Galactic Acres, for which the internally developed software recorded as an intangible asset, was deemed impaired as of December 31, 2024. Additionally, the Company had a realized gain from the sale of digital assets and the selling off of all assets and proprietary technology related to MicroBuddies™, all owned Minecraft Servers, and Roblox because those assets failed to generate revenue and were not actively maintained by the Company.

As of December 31, 2024,2025, the Company’s cash balance consisted of $14,499$13,477 compared to cash balance of $304,225$14,499 as of December 31, 2023. 2024. The decrease in cash balance of $289,726 $1,022 is primarily attributed to the paymentcontinued ofdecrease operating expenses of approximately $281,000 associated within day-to-day activities. Other cash outflows were for investing activities of approximately $9,000, related to the purchase of intangible assets of $27,000, offset by the proceeds received on the sale of digital assets of $18,000. As of December 31, 2024,2025, the Company had $91,857$91,115 in total assets compared to total assets of $484,394$91,857 as at December 31, 2023.2024. The slight decrease in total assets of $392,537$742 is primarily attributed to the decrease in cash to pay for operating expenses of $281,000 for professional fees, the writeCompany’s offoperations in intangible assets of $88,000, and a decrease in prepaid expenses of $16,000.2025.

During the year ended December 31, 2024,2025, the Company used $281,216$1,022 of cash for operating activities as compared to the cash usage of $783,879$281,217 for operating activities during the year ended December 31, 2023.2024. The cash used during the year is attributed to the paymentdecrease ofin insurancestock expensebased andcompensations professionalas feeswell offset byas the increase in accounts payable and accrued expenses and the amounts due to related party for the shared services.

During the years ended December 31, 2024,2025, the Company had $(8,510)$0 in cash used in investing activities compared to $147,360$8,510 in cash provided by investing activities for the year ended December 31, 2023.2024. The decrease of $155,870 or -106%$8,510 in cash used in investing activities is ascribeddue to the decrease from the salelack of digital assets of approximately $218,000 partially offset by the decreaseinvesting activities in the acquisition of intangible assets of approximately $55,000.2025.

The three months ended MarchJune 31,30, 2026 as compared to MarchJune 31,30, 2025

Operating expenses for the three months ended MarchJune 31,30, 2026 and 2025 were $61,800$43,821 and $80,005,$52,275, respectively, which reflects a decrease of $18,205$8,454 or 29.46%.19.29%. The decrease in expenses was attributable to a reduction in operations resulting in reductions in general administrative fees and professional fees.

During the three months ended MarchJune 31,30, 2026 and 2025, the Company recorded a net loss of $63,017$45,039 and $81,000,$53,282, respectively, which reflects a a decrease of $17,983$8,243 or 22.20%.18.30%. The decrease in net loss was attributed to a decrease in operating expenses.

● Working Capital

As of MarchJune 31,30, 2026 and December 31, 2025, the Company’s cash balance consisted of $24,802$25,042 and $13,477, respectively. The increase in the cash balance was attributed to the increase in cash provided by operating activities and decrease in expenses paid for day to day activities. As of MarchJune 31,30, 2026 and December 31, 2025, the Company had $78,348$54,495 and $91,115 in total assets, respectively. The decrease in total assets was attributed to the decrease in prepaid expenses.

As of MarchJune 31,30, 2026 and December 31, 2025, the Company had total liabilities of $1,249,056$1,270,242 and $1,198,806, respectively. The increase in liabilities was attributable to the decline in cash expended for day to day activity resulting in an increase to total liabilities.

As of MarchJune 31,30, 2026 and December 31, 2025, the Company has a working capital of ($1,170,708$1,215,747) and ($1,107,691), respectively. The increase decrease in working capital is due to a decline in total assets as well as cash expended for day to day activity resulting in an increase in accounts payable.

During the threesix months ended MarchJune 31,30, 2026 and 2025, the Company provided $11,325$11,565 and used $12,340$9,118 of cash for operating activities, respectively, which reflects an increase of $23,665$20,683 or 191.77%.226.84%. The increase in cash for operating activities was attributed to the company’s decrease in prepaid expenses and increase in accounts payable.

As of MarchJune 31,30, 2026, we had no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to stockholders.