Santo Mining reports Q3 2023 net loss of $377k; no revenue, accumulated deficit $7.3M

GROOVY COMPANY, INC.

Net loss of $377,179 for Q3 2023; nine-month net loss $965,425.
Revenue remained $0 for both Q3 and nine months ended September 30, 2023.
Cash balance $44,004; total assets $337,795 vs total liabilities $5,199,374; stockholders' deficit $4.86M.
Going concern warning: company has no ongoing revenue and needs additional capital to continue operations.
Derivative liability $2.43M at Sep 30, 2023, up from $1.88M at Dec 31, 2022.

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