Good Gaming Inc (GMER)

[QuitinMyJob]

This snippet of the 10Q proves that the company doesn't need the money to operate or it would've sold the ETH that it has made this far. Read all and definitely read the last line!

https://www.otcmarkets.com/filing/html?id=15167938&guid=gDM1kpX87L0T7yh

In 2021, the Company has been working to create a new game called MicroBuddies™ that will be played online and will use crypto-currencies. Digital Asset prices have been volatile in the past and may continue to be so in the future, owing to a variety of risks and uncertainties. Under current accounting rules, digital assets are considered indefinite-lived intangible assets. The Company needs to recognize impairment charges if any decrease in their fair values, whereas the Company may not make any upward revisions for market price increases until a sale. Thus, the carrying value represents the lowest fair value of the digital assets.



As of June 30, 2021, the carrying value of the Company’s digital assets was $51,778, which reflects $0 impairment charges compared to no digital assets during June 30, 2020.



The Company intends to hold the digital assets for long-term regardless of the manner of acquisition.