Gofba, Inc.

CIK:0001735092|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Costs and expenses
General and administrative	$ 449	$ 448	$ 891	$ 885
Professional fees	54	41	135	105
Depreciation and amortization	0	0	1	1
Total costs and expenses	503	489	1,027	991
Net loss	(503)	(489)	(1,027)	(991)
Net loss attributable to non-controlling interest	(8)	(11)	(14)	(17)
Net loss attributable to the Company	$ (495)	$ (478)	$ (1,013)	$ (974)
Net loss per share
Basic	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.02)
Diluted	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.02)
Weighted average common shares outstanding
Basic	51,152,134	51,152,134	51,152,134	51,152,134
Diluted	51,152,134	51,152,134	51,152,134	51,152,134

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities
Net loss	$ (1,027)	$ (991)
Adjustments to reconcile net loss to net cash
Non-cash lease expense (Note 8)	639	639
Expenses and payables satisfied by stockholder	122	0
Depreciation and amortization expense	1	1
Changes in:
Accounts payable and accrued expenses	182	(30)
Interest payable - note payable	13	13
Interest payable - related party	55	49
Net cash used in operating activities	(15)	(319)
Cash flows from financing activities
Proceeds from note payable - related party	0	316
Net advances from stockholder payable	14	6
Net cash provided by financing activities	14	322
Net increase (decrease) in cash and cash equivalents	(1)	3
Cash and cash equivalents, beginning of the period	1	1
Cash and cash equivalents, end of period	0	4
Cash paid during the period for:
Interest	0	0
Income taxes	$ 1	$ 1

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 0	$ 1
Prepaid expenses and other current assets	38	38
Total current assets	38	39
Property and equipment, net	0	1
Right-of-use assets (Note 8)	1,947	2,506
Total assets	1,985	2,546
Current liabilities
Accounts payable and accrued expenses	1,830	1,648
Current lease liabilities (Note 8)	1,178	1,138
Deposits on common stock subscriptions (Note 4)	131	131
Stockholder payable (Note 5)	10,383	9,609
Note payable (Note 6)	276	318
Interest payable (Note 6)	64	51
Note payable - related party (Note 7)	0	1,284
Total current liabilities	13,862	14,179
Long-term liabilities
Note payable (Note 6)	102	60
Note payable - related party (Note 7)	2,213	928
Interest payable - related party (Note 7)	475	420
Noncurrent lease liabilities (Note 8)	769	1,368
Total noncurrent liabilities	3,559	2,776
Total liabilities	17,421	16,955
Stockholders' deficit (Note 4)
Common stock, no par value; 200,000,000 shares authorized; 51,152,134 shares outstanding at June 30, 2024 and December 31, 2023.	16,544	16,544
Non-controlling interest	(2,726)	(2,712)
Accumulated deficit	(29,254)	(28,241)
Total stockholders' deficit	(15,436)	(14,409)
Total liabilities and stockholders' deficit	$ 1,985	$ 2,546