secwatch.observer — SEC 8-K summary
======================================

Issuer:     GROOVY COMPANY, INC. (GROO)
CIK:        0001499275
Form:       8-K
Filed at:   2024-04-15T23:59:59+00:00
Accession:  0001393905-24-000133
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499275/000139390524000133/0001393905-24-000133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499275/000139390524000133/sanp_8k.htm
  HTML page:      https://secwatch.observer/filing/0001393905-24-000133

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer