---
schema_version: "secwatch.filing_event.v1"
accession: "0001393905-24-000130"
form_type: "8-K"
ticker: "GROO"
cik: "0001499275"
company_name: "GROOVY COMPANY, INC."
filed_at: "2024-04-15T23:59:59+00:00"
generated_at: "2026-06-03T22:53:38.281371+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001393905-24-000130
- form_type: 8-K
- ticker: GROO
- cik: 0001499275
- company_name: GROOVY COMPANY, INC.
- filed_at: 2024-04-15T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499275/000139390524000130/0001393905-24-000130-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499275/000139390524000130/sanp_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001393905-24-000130
- JSON: https://secwatch.observer/filing/0001393905-24-000130.json
- Plain text: https://secwatch.observer/filing/0001393905-24-000130.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.