---
schema_version: "secwatch.filing_event.v1"
accession: "0001393905-24-000133"
form_type: "8-K"
ticker: "GROO"
cik: "0001499275"
company_name: "GROOVY COMPANY, INC."
filed_at: "2024-04-15T23:59:59+00:00"
generated_at: "2026-06-03T22:53:50.070690+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001393905-24-000133
- 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: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499275/000139390524000133/0001393905-24-000133-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499275/000139390524000133/sanp_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001393905-24-000133
- JSON: https://secwatch.observer/filing/0001393905-24-000133.json
- Plain text: https://secwatch.observer/filing/0001393905-24-000133.txt

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