Gamer Pakistan Inc

CIK:0001948884|SEC Filings

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Revenue	$ 205		$ 2,189
Cost of revenue
Gross profit	205		2,189
Operating expenses:
General and administrative expenses	507,537	166,169	1,972,389	297,752
Total operating expenses	507,537	166,169	1,972,389	297,752
Total expenses	507,537		1,972,389
Loss from operations	(507,332)	(166,169)	(1,970,200)	(297,752)
Interest expense		(5,244)		(13,794)
Interest income	6,500		20,000
Net loss before income taxes	(500,832)	(171,413)	(1,950,200)	(311,546)
Income tax expense
Net loss	(500,832)	(171,413)	(1,950,200)	(311,546)
Net income (loss) - non-controlling interest	(178)	(473)	20	(473)
Net loss attributable to Gamer Pakistan Inc.	$ (500,654)	$ (170,940)	$ (1,950,220)	$ (311,073)
Net loss per share attributable to common stockholders, basic and diluted	$ (0.02)	$ (0.01)	$ (0.08)	$ (0.01)
Weighted average common shares outstanding, basic and diluted	25,579,319	23,879,319	25,579,319	23,879,319
Comprehensive loss:
Net loss	$ (500,832)	$ (171,413)	$ (1,950,200)	$ (311,546)
Unrealized loss on foreign currency translation	(104)	(2,132)	692	(2,132)
Total comprehensive loss	(500,936)	(173,545)	(1,949,508)	(313,678)
Comprehensive loss attributable to non-controlling interest	(178)	(473)	20	(473)
Comprehensive loss - Gamer Pakistan Inc.	$ (500,758)	$ (173,072)	$ (1,949,528)	$ (313,205)

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities
Net loss	$ (1,950,200)	$ (311,546)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	114
Changes in operating assets and liabilities:
Prepaid expenses and other assets	(20,599)	4,818
Accounts payable and accrued expenses	(132,587)	(14,679)
Related Party Payable	(29,767)	13,794
Net cash used in operating activities	(2,133,039)	(307,613)
Cash flows from investing activities
Payments for property and equipment	(1,168)
Issuance of note receivable	(300,000)
Net cash used in investing activities	(301,168)
Cash flows from financing activities
Payment of deferred offering costs		(56,934)
Advances from related party		89,700
Issuance of notes payable, short term		260,000
Net cash provided by financing activities		292,766
Effect of exchange rate changes on cash and restricted cash	94	(2,135)
Net increase (decrease) in cash and restricted cash	(2,434,113)	(16,982)
Cash and restricted cash as of beginning of period	3,771,123	88,463
Cash and restricted cash as of end of period	$ 1,337,010	$ 71,481

Consolidated Balance Sheets - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash	$ 1,224,560	$ 3,371,123
Note receivable, current portion	125,000
Restricted cash	112,450
Prepaid expenses and other current assets	184,697	164,022
Total current assets	1,646,707	3,535,145
Restricted cash		400,000
Furniture and equipment, net	1,058
Right-of-use asset, related party	54,973
Note receivable, net of current portion	175,000
Other long-term assets		54,422
Total assets	1,877,738	3,989,567
Current liabilities:
Accounts payable and accrued expenses	37,881	170,464
Due to related parties	1,078	30,816
Total current liabilities	38,959	201,280
Total liabilities	38,959	201,280
Stockholders’ equity
Preferred stock; $0.0001 par value; 10,000,000 shares authorized; nil shares issued and outstanding
Common stock, $0.0001 par value, 100,000,000 shares authorized, 25,579,319 shares issued and outstanding	2,558	2,558
Additional paid-in capital	6,152,033	6,152,033
Accumulated deficit	(4,312,660)	(2,362,440)
Accumulated other comprehensive loss	(2,869)	(3,561)
Total stockholders’ equity - Gamer Pakistan Inc.	1,839,062	3,788,590
Non-controlling interest	(283)	(303)
Total stockholders’ equity	1,838,779	3,788,287
Total liabilities and stockholders’ equity	$ 1,877,738	$ 3,989,567