This amendment confirms the acquisition of LHIS has already failed to generate value, with the entire goodwill impaired in the first full quarter post-acquisition. With only $1,924 cash, a $122,550 working capital deficit, and a going concern warning, the company faces imminent liquidity risk. Monitor for a potential equity dilution event or further filing delinquencies.
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Executive Summary
BestGofer Inc. filed an amended 10-Q/A to restate its Q1 FY2026 financials, adding a $78,754 non-cash goodwill impairment charge related to its Liberty Home Inspection Services LLC (LHIS) subsidiary. This increases the reported net loss from $(7,001) to $(85,755) and reduces goodwill to $0. The amendment follows a recent auditor change, a late filing, and a going concern disclosure, compounding the negative picture for this micro-cap OTC stock.
Key Facts
- Net loss restated from $(7,001) to $(85,755) for Q1 FY2026 due to a $78,754 goodwill impairment on LHIS.
- Goodwill written down to $0 as of February 28, 2026.
- Accumulated deficit worsened to $(291,156) and total stockholders' deficit to $(110,050).
- Current liabilities exceed current assets by $122,550; cash balance is only $1,924.
- Going concern qualification reiterated; ineffective disclosure controls and internal controls.
- Auditor was dismissed and reappointed (Barton CPA) in a chaotic 6-day period in April 2026.
- Original 10-Q was filed late on April 22, 2026, preceded by an NT 10-Q.
Financial Impact
Net loss increased by $78,754 to $(85,755); goodwill asset eliminated entirely.
Risk Factors
- Imminent going concern risk with minimal cash and negative working capital.
- Potential for further asset impairments or write-offs.
- Risk of SEC enforcement or delisting due to filing delinquencies and control weaknesses.
- Dependence on related-party loans from the Director for survival.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 10-Q/A Filing (Primary) | 0001722556-26-000021 |
| Document: bgfr_ex312.htm | 0001722556-26-000021 |
| Document: bgfr_ex311.htm | 0001722556-26-000021 |
| Document: bgfr_ex321.htm | 0001722556-26-000021 |
| Document: 0001722556-26-000021-index-headers.html | 0001722556-26-000021 |
| Document: 0001722556-26-000021-index.html | 0001722556-26-000021 |
| Document: 0001722556-26-000021.txt | 0001722556-26-000021 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 29, 2026 17w ago | 8-K | — | awaiting T+20 | — | — |
May 19, 2026 23w ago | 8-K | — | awaiting T+20 | — | — |
May 8, 2026 24w ago | 10-Q/A | — | awaiting T+20 | — | — |
Apr 14, 2026 28w ago | 8-K | — | awaiting T+20 | — | — |
US Market Status
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