This restatement, combined with prior auditor change and going concern disclosure, signals severe financial distress. Expect heightened litigation risk and potential OTC delisting. Avoid long positions; monitor for further negative disclosures or capital structure actions.
Price Chart
Executive Summary
BestGofer Inc. filed an Item 4.02 8-K stating that its previously issued unaudited Q1 FY2026 financial statements should no longer be relied upon due to a $78,754 goodwill impairment that was not recorded. The net loss for the quarter increased from $(7,001) to $(85,755), and goodwill was reduced to $0. This follows a recent auditor change, late filing, and a going concern disclosure, compounding the negative picture for this micro-cap OTC stock.
Key Facts
- Non-reliance on previously issued unaudited Q1 FY2026 financial statements due to failure to record a $78,754 goodwill impairment.
- Net loss for Q1 FY2026 restated from $(7,001) to $(85,755).
- Goodwill on the balance sheet reduced from $78,754 to $0.
- Filing follows a recent auditor change, late filing, and going concern disclosure.
- CEO/CFO Mohammad Hasan Hamed signed the filing.
Financial Impact
Net loss increased by $78,754 from $(7,001) to $(85,755); goodwill written down to $0.
Risk Factors
- Shareholder lawsuits are almost certain following the restatement.
- Potential OTC delisting or further regulatory scrutiny.
- Going concern risk is elevated given the pattern of late filings and restatements.
- Key-person concentration risk at the LHIS subsidiary (sole licensed inspector).
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001722556-26-000023 |
| Document: 0001722556-26-000023-index-headers.html | 0001722556-26-000023 |
| Document: 0001722556-26-000023-index.html | 0001722556-26-000023 |
| Document: 0001722556-26-000023.txt | 0001722556-26-000023 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 29, 2026 17w ago | 8-K | — | awaiting T+20 | — | — |
May 19, 2026 22w ago | 8-K | — | awaiting T+20 | — | — |
May 8, 2026 24w ago | 10-Q/A | — | awaiting T+20 | — | — |
Apr 14, 2026 27w ago | 8-K | — | awaiting T+20 | — | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers