secwatch.observer — SEC 8-K summary
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Issuer:     GROOVY COMPANY, INC. (GROO)
CIK:        0001499275
Form:       8-K
Filed at:   2024-08-20T23:59:59+00:00
Accession:  0001393905-24-000296
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499275/000139390524000296/0001393905-24-000296-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499275/000139390524000296/sanp_8k.htm
  HTML page:      https://secwatch.observer/filing/0001393905-24-000296

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