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Good2Go4 Corp. Interim / Quarterly Report 2025

Jan 21, 2026

48212_rns_2026-01-21_99054169-337a-42fb-babc-e9a2bac50cbe.pdf

Interim / Quarterly Report

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Good2Go4 Corp.
(A Capital Pool Company)
Financial Statements
For the three-and six-months ended December 31, 2025, and 2024
(In Canadian Dollars)

Notice of No Auditor Review of the Interim Financial Statements

The accompanying unaudited condensed interim financial statements of Good2Go4 Corp. (the "Corporation") have been prepared by and are the responsibility of the Corporation's management. The Corporation's independent auditor has not performed a review of these financial statements in accordance with standards established by the CPA Canada for a review of interim financial statements by an entity's auditor.


Good2Go4 Corp.
Unaudited Condensed Interim Statements of Financial Position
As at December 31, 2025 and June 30, 2025
(in Canadian Dollars)

December 31, 2025 June 30, 2025
Assets
Current Assets
Cash and cash equivalents $ 124,258 $ 142,739
Total Assets $ 124,258 $ 142,739
Liabilities and Shareholders' Equity
Current liabilities
Accounts payable and accrued liabilities $ 6,831 $ 17,363
Total Liabilities 6,831 17,363
Shareholders' equity
Share capital, (note 4a) 340,485 340,485
Common share purchase warrants (note 4b) 11,293 11,293
Common share purchase options (note 4c) 53,673 53,673
Deficit (288,024) (280,075)
Total shareholders' equity 117,427 125,376
Total Liabilities and Shareholders' Equity $ 124,258 $ 142,739

Approved by the Board (signed) "James Cassina"
(signed) "Sandra Hall"
James Cassina, Director
Sandra Hall, Director

The accompanying notes are an integral part of these unaudited condensed interim financial statements.


Good2Go4 Corp.

Unaudited Condensed Interim Statements of Loss and Comprehensive Loss

For the three-and six-month periods ended December 31, 2025, and 2024

(in Canadian Dollars)

Three-months ended December 31, 2025 Three-months ended December 31, 2024 Six-months ended December 31, 2025 Six-months ended December 31, 2024
Expenses
Professional fees $ 3,334 $ 2,399 $ 5,609 $ 5,054
Filing fees 3,574 2,830 3,574 2,830
Bank fees - - 10 -
Total expenses (6,908) (5,229) (9,193) (7,884)
Other Income
Interest income 650 1,545 1,244 3,118
Net loss and comprehensive loss $ (6,258) $ (3,684) $ (7,949) $ (4,766)
Net loss per share (basic and diluted) $ (0.00) $ (0.00) $ (0.00) $ (0.00)
Weighted average number of shares outstanding (basic and diluted) 6,000,000 6,000,000 6,000,000 6,000,000

The accompanying notes are an integral part of these unaudited condensed interim financial statements.


Good2Go4 Corp.

Unaudited Condensed Interim Statements of Changes in Shareholders' Equity

For the six-months ended December 31, 2025, and 2024

(in Canadian Dollars)

Number of Shares Share Capital Common Share Purchase Warrants Common Share Purchase Options Deficit Shareholders' Equity
Balance, June 30, 2024 6,000,000 $ 340,485 $ 11,293 $ 53,673 $(251,962) $ 153,489
Net loss for the period - - - - (4,766) (4,766)
Balance, December 31, 2024 6,000,000 $ 340,485 $ 11,293 $ 53,673 $(256,728) $ 148,723
Number of Shares Share Capital Common Share Purchase Warrants Common Share Purchase Options Deficit Shareholders' Equity
--- --- --- --- --- --- ---
Balance, June 30, 2025 6,000,000 $340,485 $ 11,293 $ 53,673 $(280,075) $125,376
Net loss for the period - - - - (7,949) (7,949)
Balance, December 31, 2025 6,000,000 $ 340,485 $ 11,293 $ 53,673 $(288,024) $ 117,427

The accompanying notes are an integral part of these unaudited condensed interim financial statements.


Good2Go4 Corp.

Unaudited Condensed Interim Statements of Changes in Cash Flows

For the six-months ended December 31, 2025, and 2024

(in Canadian Dollars)

December 31, 2025 December 31, 2024
Cash flows used in operating activities
Net loss for the period $ (7,949) $ (4,766)
Changes in non-cash working capital
Accounts payable and accrued liabilities (10,532) 1,125
Net cash provided by operating activities (18,481) (3,641)
Net change in cash (18,481) (3,641)
Cash, beginning of period 142,739 169,455
Cash and cash equivalents end of period $ 124,258 $ 165,814
Supplemental information
Cash held in trust $ 14,890 $ 9,274
Cash equivalent 109,368 156,540
Total cash and cash equivalents $ 124,258 $ 165,814

The accompanying notes are an integral part of these unaudited condensed interim financial statements.

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Good2Go4 Corp. Notes to the Financial Statements For the three-and six-months ended December 31, 2025 and 2024 (in Canadian Dollars)

1. INCORPORATION AND NATURE OF BUSINESS

Good2Go4 Corp. was incorporated under the Canada Business Corporations Act on June 23, 2021, and is registered in the Province of Ontario on June 24, 2021 ("G2G4" or the "Company"). The Company is classified as a Capital Pool corporation as defined in the Policy 2.4 of the TSX Venture Exchange (the "Exchange"). The principal business of the Company is the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction ("Qualifying Transaction") as defined in the Policy. The Company has not commenced commercial operations and has no assets other than cash and cash equivalents. Given the nature of the activities, no separate segmented information is reported. The Company's continuing operations, as intended, are dependent on its ability to secure equity financing with which it intends to identify and evaluate potential acquisitions of businesses, and once identified and evaluated, to negotiate an acquisition thereof or participation therein subject to receipt of regulatory and, if required, shareholders' approval.

The proceeds raised from the issuance of share capital may only be used to identify and evaluate assets or businesses for future investment, with the exception that up to $3,000 per month may be used for reasonable general and administrative expenses of the Company. These restrictions apply until completion of a Qualifying Transaction.

The head office and the registered head office of the Company is located at 1 King Street West, Suite 1505, Toronto, ON M5H 1A1. The Company's common shares trade on the TSX Venture Exchange under the symbol GFOR.P. The Company's public filings can be accessed and viewed via the System for Electronic Data Analysis and Retrieval ("SEDAR+") at www.sedarplus.ca.

On January 21, 2026, the Board of Directors of the Company approved the unaudited condensed interim financial statements for the three-and six-months ended December 31, 2025, and 2024.

2. BASIS OF PRESENTATION

Statement of Compliance

These condensed interim financial statements have been prepared in accordance with International Accounting Standards ("IAS") 34 'Interim Financial Reporting' ("IAS 34") using accounting policies consistent with the International Financial Reporting Standards ("IFRS") issued by the International Accounting Standards Board ("IASB") and Interpretations of the International Financial Reporting Interpretations Committee ("IFRIC"), and on a basis consistent with the accounting policies disclosed in the Corporations annual audited financial statements for the period ended June 30, 2025.

Basis of Measurement

The financial statements are prepared on a historical cost basis except for certain financial instruments classified as fair value through profit or loss ("FVTPL"), which is stated at their fair value. These financial statements are presented in Canadian dollars ("CAD"), which is the Company's functional and presentation currency.

Use of Estimates and Judgments

The preparation of these financial statements in conformity with IFRS requires management to make certain estimates, judgements and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities. Estimates and assumptions are continuously evaluated and are based on management's experience and other factors that are believed to be reasonable under the circumstances. Actual results could differ from these estimates.


Good2Go4 Corp. Notes to the Financial Statements For the three-and six-months ended December 31, 2025 and 2024 (in Canadian Dollars)

2. BASIS OF PRESENTATION - continued

The key sources of estimation uncertainty that have a significant risk of causing material adjustment to the amounts recognized in the financial statements are:

Fair Value of Stock-Based Compensation and Warrants

In determining the fair value of share-based payments the calculated amounts are not based on historical cost but is derived based on assumptions (such as the expected volatility of the price of the underlying security, expected hold period before exercise, dividend yield and the risk-free rate of return) input into a valuation model. The model requires that management make forecasts as to future events, including estimates of the average future hold period of issued stock options and compensation warrants before exercise, expiry or cancellation; future volatility of the Company's share price in the expected hold period; dividend yield; and the appropriate risk-free rate of interest. The resulting value calculated is not necessarily the value that the holder of the option or warrant could receive in an arm's length transaction, given that there is no market for the options or compensation warrants, and they are not transferable. Similar calculations are made in estimating the fair value of the warrant component of an equity unit. The assumptions used in these calculations are inherently uncertain. Changes in these assumptions could materially affect the related fair value estimates.

Income Tax

Provisions for taxes are made using the best estimate of the amount expected to be paid based on a qualitative assessment of all relevant factors. The Company reviews the adequacy of these provisions at the end of the reporting period. However, it is possible that at some future date an additional liability could result from audits by taxing authorities. Where the final outcome of these tax-related matters is different from the amounts that were initially recorded, such differences will affect the tax provisions in the period in which such determination is made.

3. MATERIAL ACCOUNTING POLICY INFORMATION

Share Capital

Common shares are classified as equity. Incremental costs directly attributable to the issuance of shares are recognized as deduction from equity.

Offering Costs

Offering costs relate to expenditures incurred in connection with the Company's share offerings and are charged against share capital.

Basic and Diluted Loss per Share

Basic loss per share is computed by dividing the net loss applicable to common shares by the weighted average number of common shares outstanding for the relevant period. Diluted loss per share is computed by dividing the net loss applicable to common shares by the sum of the weighted average number of common shares issued and outstanding and all additional common shares that would have been outstanding if potentially dilutive instruments were converted.

Diluted earnings per share is calculated by adjusting the earnings and number of shares for the effects of dilutive options and other dilutive potential instruments. The effects of anti-dilutive potential instruments are ignored in calculating diluted earnings per share. All options are considered anti-dilutive when the Company is in a loss position.


Good2Go4 Corp. Notes to the Financial Statements For the three-and six-months ended December 31, 2025 and 2024 (in Canadian Dollars)

3. MATERIAL ACCOUNTING POLICY INFORMATION - continued

Share-based Compensation

Equity-settled share-based payments for directors, officer, employees and consultants are measured at fair value at the date of grant and recorded as compensation expense in the financial statements. Share options are measured at the fair value of each tranche on the grant date and are recognized in their respective vesting period using the Company's expected forfeiture rate. Any consideration paid by directors, officers, employees and consultants on exercises of equity-settled share-based payments is credited to share capital. Shares are issued from treasury upon the exercise of equity-settled share-based instruments.

Income Taxes

Income tax comprises current and deferred tax. Income tax is recognized in profit or loss except to the extent that it relates to items recognized directly in equity or other comprehensive income, in which case the income tax is also recognized directly in equity or other comprehensive income. Current tax is the expected tax payable on the taxable income for the year, using tax rates enacted at the end of the reporting period, and any adjustment to tax payable in respect of previous years. Current tax assets and current tax liabilities are only offset if a legally enforceable right exists to offset the amounts and the Company intends to settle on a net basis, or to realize the asset and settle liability simultaneously.

Deferred tax is recognized in respect of all qualifying temporary differences arising between the tax basis of assets and liabilities and their carrying amounts in the financial statements. Deferred income tax is determined on a non-discounted basis using tax rates and laws that have been enacted or substantively enacted at the end of the reporting period and are expected to apply when the deferred tax asset or liability is settled. Deferred tax assets are recognized to the extent that it is probable that the assets can be recovered. Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset tax assets and liabilities and when the deferred tax balances relate to the same taxation authority.

Deferred tax assets are recognized to the extent that future recovery is probable. At each reporting period end, deferred tax assets are reduced to the extent that it is no longer probable that sufficient taxable earnings will be available to allow all or part of the asset to be recovered.

Cash and cash equivalents

Cash and cash equivalents includes cash and short-term investments that have a period from inception to less than 90 days that are readily convertible to known amounts of cash and have an insignificant risk of change in value. Cash held in trust is also included in cash and cash equivalents.

Financial Instruments

Recognition

The Company recognized financial assets and financial liabilities on the date the Company becomes a party to the contractual provisions of the instruments.


Good2Go4 Corp. Notes to the Financial Statements For the three-and six-months ended December 31, 2025 and 2024 (in Canadian Dollars)

3. MATERIAL ACCOUNTING POLICY INFORMATION – continued

Classification

The Company classifies its financial assets and financial liabilities in the following measurement categories: i) those to be measured subsequently at fair value (either through other comprehensive income or through profit or loss, and ii) those to be measured at amortized cost. The classification of financial assets depends on the business model for managing the financial assets and the contractual terms of the cash flows.

Financial liabilities are classified as those to be measured at amortized cost unless they are designated as those to be measured subsequently at fair value through profit or loss (irrevocable election at the time of recognition). For assets and liabilities measured at fair value, gains and losses are either recorded in profit or loss or other comprehensive income.

The Company reclassifies financial assets when and only when its business model for managing those assets changes. Financial liabilities are not reclassified.

The Company has classified its financial instruments as follows:

Financial Instrument Classification
Cash and cash equivalents Loans and receivables
Accounts payable and accrued liabilities Other liabilities

Measurement

All financial instruments are required to be measured at fair value on initial recognition, plus, in case of a financial asset or financial liability not at fair value through profit or loss, transaction costs that are directly attributable to the acquisition or issue of the financial asset or financial liability. Transaction costs of financial assets and financial liabilities carried at FVTPL are expensed in profit or loss.

Financial assets that are held within a business model whose objective is to collect the contractual cash flows, and that have contractual cash flows that are solely payments or principal and interest on the principal outstanding are generally measured at amortized cost at the end of the subsequent accounting periods. All other financial assets including equity investments are measured at their fair values at the end of subsequent accounting periods, with any changes taken through profit and loss or other comprehensive income (irrevocable election at the time of recognition).

Additional fair value measurement disclosure includes classification of financial instrument fair values in a fair value hierarchy comprising three levels reflecting the significance of the inputs used in making the measurements which are as follows:

Level 1: Valuations based on quoted prices (unadjusted) in active markets for identical assets or liabilities:

Level 2: Valuations based on directly or indirectly observable inputs in active markets for similar assets or liabilities, other than Level 1 prices, such as quoted interest or currency exchange rates; and

Level 3: Valuations based on significant inputs that are not derived from observable market data, such as discounted cash flow methodologies based on internal cash flow forecasts.


Good2Go4 Corp.

Notes to the Financial Statements

For the three-and six-months ended December 31, 2025 and 2024

(in Canadian Dollars)

4. SHARE CAPITAL

Authorized - Unlimited common shares

a) Common Shares:

Issued # $
Balance, December 31, 2025, June 30, 2025 and June 30, 2024 (i) (ii) (iii) 6,000,000 $340,485

(i) Share Subscriptions

During the year ended June 30, 2021, the Company issued 3,550,000 common shares at $0.05 per share for total proceeds of $177,500.

During the year ended June 30, 2022, the Company issued 300,000 common shares at $0.05 per share for total proceeds of $15,000.

(ii) Escrowed Shares

The 3,850,000 common shares issued at $0.05 per share, will be held in escrow pursuant to the requirements of the Exchange. All common shares granted to directors and officers prior to the completion of a Qualifying Transaction, must also be deposited in escrow until the final exchange bulletin is issued.

All common shares of the Company acquired in the secondary market prior to the completion of a Qualifying Transaction by a Control Person, as defined in the policies of the Exchange, are required to be deposited in escrow. Subject to certain permitted exemptions, all securities of the Company held by principals of the resulting issuer will also be subject to escrow.

(iii) Initial Public Offering

On October 27, 2021, the Company completed its initial public offering (the "Offering") of 2,150,000 common shares at a purchase price of $0.10 per common share for gross proceeds of $215,000. During the year ended June 30, 2022, the Company incurred costs of $55,722 directly related to the Offering.

Haywood Securities Inc., (the "Agent") acted as the agent for the Offering. In connection with the Offering, the Company granted to the Agent, common share purchase warrants to acquire 215,000 common shares (the "Warrants"). Each Warrant is exercisable to acquire one common share at a price of $0.10 until October 26, 2023. The estimated fair value attributed to the Warrants was $11,293. In connection with the Offering, the Agent was paid a cash commission equal to 10% of the aggregate gross proceeds from the sale of the common shares. The Company also paid a corporate finance fee of $12,500 to the Agent and reimbursed the Agent for legal fees and other reasonable expenses incurred pursuant to the Offering.

Weighted Average Shares Outstanding

The following table summarizes the weighted average shares outstanding for the periods set out:

December 31,
2025 2024
Weighted Average Shares Outstanding, basic and diluted 6,000,000 6,000,000

Good2Go4 Corp.

Notes to the Financial Statements

For the three-and six-months ended December 31, 2025 and 2024

(in Canadian Dollars)

4. SHARE CAPITAL – continued

b) Common Share Purchase Warrants

The following table sets out the changes in warrants for the periods set out:

Number of Warrants Weighted Average Exercise Price ($)
Balance, June 30, 2024 215,000 0.10
Expired (215,000) (0.10)
Balance, December 31, 2025, and June 30, 2025 - -

(i) In connection with the Offering, the Company granted to the Agent, warrants to acquire 215,000 common shares (the "Warrants"). Each Warrant is exercisable to acquire one common share at a price of $0.10 until October 26, 2023. The fair value of the Warrants were estimated on the date of the issue using the Black-Scholes option pricing model with the following assumptions: dividend yield 0%, discount rate 1.07%, expected volatility 100% and expected life of 2 years. The fair value attributed to the 215,000 Warrants was $11,293. On October 26, 2023, the warrants expired unexercised.

c) Common Share Purchase Options

The Company has a stock option plan to provide incentives for directors, officers, employees and consultants of the Company. Options may be granted for a maximum term of ten years from the date of the grant. They are non-transferable and are exercisable as determined by the Directors when the option is granted. Options expire within 12 months after completion of a qualifying transaction or within 90 days of termination of employment or holding office as director or officer of the Company and, in the case of death, expire within a maximum period of one year after such death, subject to the expiry date of the option. Any shares issued upon exercise of the options prior to the Company entering into a Qualifying Transaction will be subject to escrow restrictions.

Upon closing of the Offering, the Company granted 600,000 common share purchase options to directors and an officer. Each common share purchase option entitles the holder to acquire one common share of the Company at an exercise price of $0.10 until October 26, 2031 (the "Options"). The fair value of the Options were estimated on the date of the issue using the Black-Scholes option pricing model with the following assumptions: dividend yield 0%, discount rate 1.60%, expected volatility 100%, forfeiture rate 0% and expected life of 10 years. The Company recorded the estimated fair value of the Options of $53,673 as non-cash stock-based compensation expense when the options were granted.

The following table is a summary of the status of the Company's stock options and changes during the periods set out:

Number of Options Weighted Average Exercise Price $
Balance, December 31, 2025, June 30, 2025 and June 30, 2024 600,000 0.10

Good2Go4 Corp.

Notes to the Financial Statements

For the three-and six-months ended December 31, 2025 and 2024

(in Canadian Dollars)

4. SHARE CAPITAL – continued

The following table reflects the actual stock options issued and outstanding as of December 31, 2025, and June 30, 2025:

December 31, 2025:

Expiry Date Exercise Price Weighted Average Remaining Contractual Life (Years) Number of Stock Options Outstanding Number of Stock Options Vested (Exercisable)
October 26, 2031 $0.10 5.83 600,000 600,000
$0.10 5.83 600,000 600,000

June 30, 2025:

Expiry Date Exercise Price Weighted Average Remaining Contractual Life (Years) Number of Stock Options Outstanding Number of Stock Options Vested (Exercisable)
October 26, 2031 $0.10 7.33 600,000 600,000
$0.10 7.33 600,000 600,000

5. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

Capital Management

The Company's objective when managing capital is to maintain its ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders. The Company includes equity, comprised of share capital and deficit, in the definition of capital.

The Company's primary objective with respect to its capital management is to ensure that it has sufficient cash resources to fund the identification and evaluation of potential acquisitions. To secure the additional capital necessary to pursue these plans, the Company may attempt to raise additional funds through the issuance of equity or by securing strategic partners.

The proceeds raised from the issuance of share capital may only be used to identify and evaluate assets or businesses for future investment, with the exception that up to $3,000 per month may be used for reasonable general and administrative expenses of the Company. These restrictions apply until completion of a Qualifying Transaction by the Company.

Risk Disclosures and Fair Values

The Company's financial instruments carried at amortized cost, consisting of cash and cash equivalents and accrued liabilities which approximate fair value due to the relatively short-term maturity of the instruments. It is management's opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments.


Good2Go4 Corp.
Notes to the Financial Statements
For the three-and six-months ended December 31, 2025 and 2024
(in Canadian Dollars)

6. RELATED PARTY TRANSACTIONS

For the three-and six-months ended December 31, 2025, there was no remuneration paid to key management personnel. The Company incurred amounts payable of $518 to an officer of the Company. The amounts are outstanding and unpaid as of December 31, 2025 (2024 – $Nil).

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