---
schema_version: "secwatch.filing_event.v1"
accession: "0001393905-24-000296"
form_type: "8-K"
ticker: "GROO"
cik: "0001499275"
company_name: "GROOVY COMPANY, INC."
filed_at: "2024-08-20T23:59:59+00:00"
generated_at: "2026-05-31T08:27:15.985734+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "medium"
source: SEC EDGAR
---

# Santo Mining posts $1.16M net loss for FY2023; cash drops to $93

## Summary
- Revenue was $0 for the year ended December 31, 2023, same as prior year.
- Net loss of $1,163,901 in 2023 vs. net income of $15,196 in 2022.
- Cash and cash equivalents fell to $93 from $26,842 at end of 2022.
- Total liabilities of $4.39M exceed total assets of $282K; accumulated deficit $7.42M.
- Company pivoted to blockchain/cannabis platform (Groovy) with no revenue from new operations yet.

## SEC filing metadata
- accession: 0001393905-24-000296
- form_type: 8-K
- ticker: GROO
- cik: 0001499275
- company_name: GROOVY COMPANY, INC.
- filed_at: 2024-08-20T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: medium
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499275/000139390524000296/0001393905-24-000296-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499275/000139390524000296/sanp_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001393905-24-000296
- JSON: https://secwatch.observer/filing/0001393905-24-000296.json
- Plain text: https://secwatch.observer/filing/0001393905-24-000296.txt

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