Santo Mining files Q1 2023 financials: net loss $275.7K, no revenue, going concern.

GROOVY COMPANY, INC.

Net loss of $275,739 for Q1 2023 vs net income of $657,589 in Q1 2022; zero revenue both periods.
Total assets $342,091; total liabilities $4.46M; stockholders' deficit $4.12M.
Operating expenses fell to $91,056 from $170,080 YoY, but net loss persists.
Going concern warning: no ongoing revenue source; needs additional capital to continue operations.
Cash and equivalents only $25,332; derivative liability of $2.0M.

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