---
schema_version: "secwatch.filing_event.v1"
accession: "0001393905-24-000131"
form_type: "8-K"
ticker: "GROO"
cik: "0001499275"
company_name: "GROOVY COMPANY, INC."
filed_at: "2024-04-15T23:59:59+00:00"
generated_at: "2026-06-03T22:53:47.782419+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Santo Mining Q2 2023 net loss $312K; zero revenue; going concern flagged

## Summary
- Revenue $0 for Q2 2023 and six months; net loss $312,507 (Q2) and $588,246 (YTD).
- Accumulated deficit $6.92M; total liabilities $4.79M exceed total assets $340K.
- Going concern warning: no revenue sufficient to cover costs; dependent on additional capital.
- Name changed to Groovy Company, Inc. in Jan 2024; business pivoted to cannabis blockchain platform.
- Cash $35K; convertible note payable net $1.61M; derivative liability $2.18M.

## SEC filing metadata
- accession: 0001393905-24-000131
- form_type: 8-K
- ticker: GROO
- cik: 0001499275
- company_name: GROOVY COMPANY, INC.
- filed_at: 2024-04-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499275/000139390524000131/0001393905-24-000131-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499275/000139390524000131/sanp_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001393905-24-000131
- JSON: https://secwatch.observer/filing/0001393905-24-000131.json
- Plain text: https://secwatch.observer/filing/0001393905-24-000131.txt

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