Good Gaming (GMER) 10-Q 18 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Aug. 14, 2017
Document And Entity Information
Entity Registrant Name	GOOD GAMING, INC.
Entity Central Index Key	1,454,742
Document Type	10-Q
Document Period End Date	Jun. 30, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		2,631,424
Trading Symbol	GMER
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,017

Balance Sheet (Unaudited)

Balance Sheet (Unaudited) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Current Assets
Cash	$ 84,073	$ 47,900
Loan to Pristec		10,500
Prepaids	38,750
Total Current Assets	122,823	58,400
Furniture and Equipment, Net	10,080	11,424
Gaming Software, Net	870,000	990,000
TOTAL ASSETS	1,002,903	1,059,824
Current Liabilities
Accounts Payable	136,484	117,658
Derivative Liability	452,520	228,605
Accrued Liabilities	18,225
Notes Payable	13,440	13,440
Convertible Notes	200,000	206,585
Total Current Liabilities	1,415,669	641,288
Total Liabilities	1,415,669	641,288
Stockholders' Equity (Deficit)
Common Stock Authorized: 100,000,000 Common Shares, With a Par Value of $0.001 Per Share Issued and Outstanding: 1,995,840 and 1,999,990 Shares, Respectively	1,996	2,000
Additional Paid-In Capital	3,857,326	3,925,738
Accumulated Deficit	(4,272,260)	(3,509,373)
Total Stockholders' Equity (Deficit)	(412,766)	418,536
TOTAL LIABILITIES & EQUITY	1,002,903	1,059,824
Class A Preferred Stock
Stockholders' Equity (Deficit)
Preferred Stock	8	8
Class B Preferred Stock
Stockholders' Equity (Deficit)
Preferred Stock	163	162
Class C Preferred Stock
Stockholders' Equity (Deficit)
Preferred Stock	1	1
ViaOne Services, LLC [Member]
Current Liabilities
Notes Payable	$ 595,000	$ 75,000

Balance Sheet (Parenthetical)

Balance Sheet (Parenthetical) - $ / shares	Jun. 30, 2017	Dec. 31, 2016
Preferred stock, shares authorized	450,000,000
Preferred stock, par value	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	1,995,840	1,999,990
Common stock, shares outstanding	1,995,840	1,999,990
Class A Preferred Stock
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares issued	7,500	7,500
Preferred stock, shares outstanding	7,500	7,500
Class B Preferred Stock
Preferred stock, shares authorized	249,999	249,999
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares issued	162,029	161,529
Preferred stock, shares outstanding	162,029	161,529
Class C Preferred Stock
Preferred stock, shares authorized	1	1
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares issued	1	1
Preferred stock, shares outstanding	1	1

Statement of Operations (Unaudi

Statement of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Statement [Abstract]
Revenues	$ 2,436		$ 8,318
Cost of Revenues	36,810		71,358
Gross Profit	(34,374)		(63,040)
Operating Expenses
General & Administrative	35,890	13,929	57,914	50,089
Stock Compensation				41,921
Contract Labor	118,809	95,090	235,837	121,090
Amortization Expense	60,000	60,000	120,000	90,000
Depreciation Expense	672	672	1,344	672
Professional Fees	27,825		51,025	5,000
Total Operating Expense	243,196	169,691	466,120	308,772
Net Operating Income (Loss)	(277,570)	(169,691)	(529,160)	(308,772)
Other Income (Expense)
Debt Restructure				58,300
Interest Income			1,000
Interest Expense	(7,452)	(3,360)	(10,812)	(6,720)
Change in FV of Derivative Liability	(298,704)	30,000	(223,915)	(281,359)
Net Other Income (Loss)	(306,156)	26,640	(233,727)	(229,779)
Net Loss	$ (583,726)	$ (143,051)	$ (762,887)	$ (538,551)
Net Loss Per Share, Basic and Diluted	$ (0.29)	$ (0.07)	$ (0.38)	$ (0.27)
Weighted Average Shares Outstanding	1,995,840	1,995,290	1,997,069	1,995,290

Statement of Cash Flows (Unaudi

Statement of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Operating Activities
Net Loss	$ (762,887)	$ (538,551)
Adjustment To Reconcile Net Loss Net Cash Used In Operating Activities
Amortization Expense	120,000	90,000
Depreciation Expense	1,344	672
Change In Fair Value Of Derivative Liability	223,915
Stock Compensation		41,921
Debt Restructure		(58,300)
Accretion of Debt Discount		281,359
Prepaids - Contract Labor	(38,750)
Accounts Payable & Accrued Liabilites	37,051	33,446
Net Cash Provided By (Used in) Operating Activities	(419,327)	(149,453)
Investing Activities
Purchase Of Equipment		(13,440)
Net Cash Provided By (Used in) Investing Activities		(13,440)
Financing Activities
Proceeds From Purchase Of Good Gaming		1,723
Proceeds From Convertible Debenture		113,440
Proceeds From Sale Of Preferred Stock CL B		30,000
Proceeds From Receipt Of Receivable	10,500
Proceeds From Stock Subscriptions		150,000
Due To ViaOne Services	445,000
Net Cash Provided By (Used In) Financing Activities	455,500	295,163
Change in Cash	36,173	132,270
Cash Beginning Of Period	47,900
Cash, End Of Period	84,073	132,270
Non-Cash Investing And Financing Activities
Common Shares Issued for Conversion Of Debt	6,585	73,894
Debt Discount Due To Beneficial Conversion Feature		100,000
Shares Issued For Acquisition Of Software		$ 1,200,000

Nature of Operations and Contin

Nature of Operations and Continuance of Business	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Continuance of Business	1. Nature of Operations and Continuance of Business Good Gaming, Inc. (Formerly HDS International Corp.) (the “Company”) was incorporated on November 3, 2008 under the laws of the State of Nevada. The Company is a leading tournament gaming platform and online destination targeting the over 250 million eSports players and participants worldwide that want to compete at the high school or college level. A substantial portion of the Company’s activities has involved developing a business plan and establishing contacts and visibility in the marketplace and the Company generated very limited revenue to date. On February 17, 2016, the Company acquired Good Gaming’s assets, including intellectual property, trademarks, software code, equipment and others from CMG Holdings Group, Inc. (OTCQB: CMGO). Going Concern These financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has generated little revenues to date and has never paid any dividends and is unlikely to pay dividends or generate significant earnings in the immediate or foreseeable future. As of June 30, 2017, the Company had a working capital deficiency of $1,292,846 and an accumulated deficit of $4,242,260. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability to raise equity or debt financing, and the attainment of profitable operations from the Company’s future business. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Reverse Stock Split On February 17, 2017, the Board of Directors of the Company approved a reverse split of its common and preferred shares on a 1 for 1,000 basis (the “Reverse Stock Split”), and the Articles of Incorporation were amended decreasing the authorized common shares from 2,000,000,000 to 100,000,000 and decreasing the authorized preferred shares from 450,0000,000 to 2,250,000. A special meeting of the Company’s shareholders was not required as written consent by the majority of the stockholders holding at least the majority of the outstanding shares of voting stock. The Reverse Stock Split became effective on June 14, 2017. All references in this Quarterly Report to number of preferred and common shares, price per share and weighted average shares of common stock have been adjusted to reflect the Reverse Stock Split on a retroactive basis for all prior periods presented, unless otherwise noted, including reclassifying an amount equal to the reduction in par value of common and preferred stock to additional paid-in capital.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies ● Basis of Presentation The financial statements for the periods ending June 30, 2017 and 2016 include the accounts of the Company. These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States, and are expressed in U.S. dollars. The Company’s fiscal year-end is December 31. Certain reclassifications have been made to the statement of operations and statement of cash flows for the three and six months ended June 30, 2016 to make them consistent with the current presentation. ● Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the fair values of convertible debentures, derivative liability, stock-based compensation, and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. ● Cash Equivalents The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. As of June 30, 2017 and 2016, the Company had cash and cash equivalents of $84,073 and $132,270, respectively. ● Intangible Assets Intangible assets are carried at the purchased cost less accumulated amortization. Amortization is computed over the estimated useful lives of the respective assets, generally from five to twenty years. ● Impairment of Long-Lived Assets Long-lived assets and certain identifiable intangible assets to be held and used are reviewed for impairment whenever events or changes in circumstance indicate that the carrying amount of such assets may not be recoverable. Determination of recoverability is based on an estimate of undiscounted future cash flows resulting from the use of the asset and its eventual disposition. Measurement of an impairment loss for long-lived assets and certain identifiable intangible assets that management expects to hold and use is based on the fair value of the asset. Long-lived assets and certain identifiable intangible assets to be disposed of are reported at the lower of carrying amount or fair value less costs to sell. ● Beneficial Conversion Features From time to time, the Company may issue convertible notes that may contain an embedded beneficial conversion feature. A beneficial conversion feature exists on the date a convertible note is issued when the fair value of the underlying common stock to which the note is convertible into is in excess of the remaining unallocated proceeds of the note after first considering the allocation of a portion of the note proceeds to the fair value of the warrants, if related warrants have been granted. The intrinsic value of the beneficial conversion feature is recorded as a debt discount with a corresponding amount to additional paid in capital. The debt discount is amortized to interest expense over the life of the note using the effective interest method. ● Derivative Liability From time to time, the Company may issue equity instruments that may contain an embedded derivative instrument which may result in a derivative liability. A derivative liability exists on the date the equity instrument is issued when there is a contingent exercise provision. The derivative liability is recorded at fair value calculated by using an option pricing model such as a multi-nominal lattice model. The fair value of the derivative liability is then calculated on each balance sheet date with the corresponding gains and losses recorded in the consolidated statement of operations. ● Basic and Diluted Net Loss Per Share The Company computes net loss per share in accordance with ASC 260, Earnings Per Share, which requires presentation of both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net loss available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing Diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. ● Income Taxes Potential benefits of income tax losses are not recognized in the accounts until realization is more likely than not. The Company has adopted ASC 740, Income Taxes, as of its inception. Pursuant to ASC 740, the Company is required to compute tax asset benefits for net operating losses carried forward. The potential benefits of net operating losses have not been recognized in these financial statements because the Company cannot be assured it is more likely than not it will utilize the net operating losses carried forward in future years. ● Comprehensive Loss ASC 220, Comprehensive Income , establishes standards for the reporting and display of comprehensive loss and its components in the financial statements. As at June 30, 2017 and 2016, the Company has no items that represent comprehensive loss and, therefore, has not included a schedule of comprehensive loss in the financial statements. ● Financial Instruments ASC 820, “Fair Value Measurements” and ASC 825, Financial Instruments, requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. It establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. It prioritizes the inputs into three levels that may be used to measure fair value: Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. Assets and liabilities measured at fair value on a recurring basis were presented on the Company’s balance sheet as at June 30, 2017 and 2016 as follows: The carrying values of all of our other financial instruments, which include accounts payable and accrued liabilities, and amounts due to related parties approximate their current fair values because of their nature and respective maturity dates or durations. Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Other Assets

Other Assets	6 Months Ended
	Jun. 30, 2017
Other Assets [Abstract]
Other Assets	3. Other Assets The Company valued the software purchased at $1,200,000. The software has a useful life of 5 years. Amortization for the six months ending June 30, 2017 is calculated at $120,000.

Debt

Debt	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Debt	4. Debt ● Convertible Debentures On April 15, 2015, the Company entered into a $100,000 convertible debenture with a non-related party. During the quarter ended June 30, 2015 The Company received the first $50,000 payment. The remaining $50,000 payment will be made at the request of the Company. No additional payments have been made as of March 31, 2016. Under the terms of the debenture, the amount is unsecured and was due on October 16, 2016. The note is currently in default and bears interest at 22% per annum. It was convertible into shares of common stock any time after the maturity date at a conversion rate of 50% of the average of the five lowest closing bid prices of the Company’s common stock for the thirty trading days ending one trading day prior to the date the conversion notice is sent by the holder to the Company. HGT, the holder of the debenture, and the Company are currently in litigation over this note. On April 1, 2015, we entered into a transaction with Iconic Holdings, LLC (the “Iconic Holdings”), whereby Iconic Holdings agreed to provide up to $600,000 through a structured convertible promissory note (the “Note”), with funds to be received in tranches. The note bears interest of 10% and is due on April 1, 2016. The initial proceeds of $40,000 were received on April 9, 2015, with $30,000 remitted and delivered to us, $4,000 retained by Iconic Holdings as an original issue discount, and $6,000 retained by Iconic Holdings for legal expenses. On February 17, 2016, as part of a settlement between Iconic Holdings and the Company, the Note along with a remaining balance of $8,300 from former JABRO-Asher notes were restructured to a principal amount of $25,000 with a due date of June 18, 2017 and an interest rate of 0%. Iconic Holdings is subject to strict lock-up and leak-out provisions. Additionally, as part of the February 2016 settlement, Iconic Holdings funded $100,000 of new debentures due August 2018 bearing 0% interest with Iconic Holdings subject to strict lock-up and leak-out provisions. As part of the asset purchase agreement between HDS International Corp. and CMG Holdings Group, Inc., SirenGPS was issued a $60,000 0% interest convertible debenture that matures in August 2017. The debentures are convertible into common stock at a 20% discount to the 20-day moving average of the Company’s common stock after a period of seven months. The debt is subject to strict lock-up and leak-out provisions. SirenGPS has agreed to sell this security to the Company or to an investor of the Company’s choice at face value. ● Related Party Transactions On or around April 7, 2016, Silver Linings Management, LLC funded the Company $13,439.50 in the form of convertible debentures secured by certain high-powered gaming machines purchased from XIDAX. The note bears interest at a rate of 10% per annum payable in cash or kind at the option of the Company, matures on April 1, 2018, and is convertible into Series B Preferred shares at the option of the holder at any time. On November 30, 2016, ViaOne Services, LLC (“ViaOne”) purchased a Secured Promissory Note equal to a maximum initial principal amount of $150,000 (the “Note”) issued by the Company. As a result of additional advances made by ViaOne to the Company, the principal amount of the Note was increased to $225,000 and $363,000 by amendments dated January 31, 2017 and March 1,2017, respectively. On May 5, 2017, ViaOne delivered a default notice to the Company pursuant to Section 6 of the Note Purchase Agreement. After giving the Company a fifteen (15) day notice period to cure the default under the Stock Pledge Agreement entered by and among the Company, CGM and ViaOne, dated November 30, 2016 (“Pledge Agreement”), ViaOne took possession of the Series C Stock, which was subject of the Pledge Agreement. The Note, as amended, continues to be in default regarding the unpaid amount of $363,000, but is now increased due to additional advances provided to the Company by ViaOne of $25,000 on May 2, 2017; $25,000 on May 4, 2017, $75,000 on May 31, 2017, and $85,000 on June 30, 2017 (the “Additional Advance”). The Additional Advances increase the total advances made to the Company by ViaOne to $573,000 as of July 1, 2017. The Company’s Chairman and Chief Executive Officer is the Chairman of ViaOne. ● Derivative Liabilities The following inputs and assumptions were used to value the convertible debentures outstanding during the period ended June 30, 2017 and December 31, 2016: The projected annual volatility for each valuation period was based on the historic volatility of the Company of 165% as at December 31, 2016 and 173% as June 30, 2017. An event of default would occur 0% of the time, increasing to 1.0% per month to a maximum of 5%. A summary of the activity of the derivative liability is shown below: Balance December 31, 2016 $ 288,605 Mark to Market Adjustment at March 31, 2017 (134,789 ) Balance March 31, 2017 153,816 Mark to Market Adjustment at June 30, 2017 298,704 Balance June 30, 2017 $ 452,520

Common Stock

Common Stock	6 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Common Stock	5. Common Stock Share Transactions for the six months ended June 30, 2017: ● Preferred Stock Our Articles of Incorporation, which were amended effective April 11, 2017, authorize us to issue up to 2,250,000 shares of preferred stock, $0.001 par value. Of the 2,250,000 authorized shares of preferred stock, the total number of shares of Class A Preferred Shares the Corporation shall have the authority to issue is Two Million (2,000,000), with a stated par value of $0.001 per share, the total number of shares of Class B Preferred Shares the Corporation shall have the authority to issue is Two Hundred Forty Nine Thousand, Nine Hundred Ninety Nine (249,999), with a stated par value of $0.001 per share, and the total number of newly authorized Class C Preferred Shares the Corporation shall have the authority to issue is One (1), with One Million Eight Hundred Thousand (1,800,000) Preferred Shares Undesignated. Our Board of Directors is authorized, without further action by the shareholders, to issue shares of preferred stock and to fix the designations, number, rights, preferences, privileges and restrictions thereof, including dividend rights, conversion rights, voting rights, terms of redemption, liquidation preferences and sinking fund terms. We believe that the Board of Directors’ power to set the terms of, and our ability to issue, preferred stock will provide flexibility in connection with possible financing or acquisition transactions in the future. The issuance of preferred stock, however, could adversely affect the voting power of holders of common stock and decrease the amount of any liquidation distribution to such holders. The presence of outstanding preferred stock could also have the effect of delaying, deterring or preventing a change in control of our company. As of June 30, 2017, we had 7,500 shares of our Class A Preferred Stock issued and outstanding. The 7,500 issued and outstanding shares of Class A Preferred Stock are convertible into shares of common stock at a rate of 20 common shares for each one Class A Preferred Share. The 162,029 issued and outstanding shares of Class B Preferred Stock are convertible into shares of common stock at a rate of 200 common shares for each one Class B Preferred Share. The one issued and outstanding share of Class C Preferred Stock is not convertible. If all of our Class A Preferred Stock and Class B Preferred Stock were converted into shares of common stock, the number of issued and outstanding shares of our common stock will increase by 32,555,800 shares. Share Sales – Series B Preferred Stock On or around February 18, 2016, as part of the closing of the Good Gaming asset sale by CMG Holdings Group to HDS International Corp., CMG Holdings is due an additional 85,600 Series B Preferred Shares. These shares due are currently in the form of a subscription payable by HDS International to CMG Holdings Group. On or around February 18, 2016, our former CEO Vikram Grover was issued 860 Series B Preferred shares in lieu of compensation due for services rendered to SirenGPS in 2015. On or around February 23, 2016, Andrew Albrecht was issued 2,000 Series B Preferred shares as consideration for an investment in the Company. On or around February 26, 2016, William Schultz funded monies to the Company and had a subscription receivable for 2,500 Series B Preferred shares as consideration for an investment in the Company. On or around February 26, 2016, Paul Rauner was issued 800 Series B Preferred shares as consideration for the strategic change of control transaction with CMG Holdings Group, Inc. On or around February 26, 2016, Galina Berkovich was issued 800 Series B Preferred shares as consideration for the strategic change of control transaction with CMG Holdings Group, Inc. On or around February 26, 2016, Bernard Mangold was issued 400 Series B Preferred shares as consideration for the strategic change of control transaction with CMG Holdings Group, Inc. On or around March 7, 2016, Silver Lining Management, an entity controlled by David Dorwart, funded monies to the Company and had a subscription receivable for 5,000 Series B Preferred shares as consideration for an investment in the Company. On or around March 15, 2016, Brett Nesland was issued 1,000 Series B Preferred shares as consideration for an investment in the Company. On or around April 22, 2016, William Crusoe was issued 1,000 Series B Preferred shares as consideration for an investment in the Company. The investor has since agreed to lockup his shares for a period of one year. On or around April 22, 2016, Francesca Dorwart was issued 1,000 Series B Preferred shares as consideration for an investment in the Company. On August 16, 2016, the Company issued 130,300 share of series B preferred stock. 86,650 shares were issued for the purchase of Good Gaming software, 1,150 shares were issued in exchange for 179,450 shares of common stock and 42,500 shares were issued for stock subscriptions receivable. On August 16, 2016, all of the above shares were issued as noted above. On August 31, 2016, the Company issued 1 share of preferred C stock to CMG Holdings Group, Inc. as a result of the purchase of Good Gaming software. The vast majority of the Series B Preferred stock investors agreed to lock up their investments for a period of one year as of May 2016. On January 4, 2017, HOEL converted 70,000 shares of Common Stock of the Issuer into 500 shares of Class B Preferred Stock of the Issuer, pursuant to that certain Stock Conversion Agreement dated December 30, 2016. As of June 30, 2017, we had 162,029 shares of Class B Preferred Stock issued and outstanding. As of June 30, 2017, we had 1 share of Class C Preferred Stock issued and outstanding.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	6. Income Taxes The Company has a net operating loss carried forward of $1,203,424 available to offset taxable income in future years which commence expiring in fiscal 2037. The income tax benefit has been computed by applying the weighted average income tax rates of Canada (federal and provincial statutory rates) and of the United States (federal and state rates) of 35% and 35%, respectively, to the net loss before income taxes calculated for each jurisdiction. The tax effect of the significant temporary differences, which comprise future tax assets and liabilities, are as follows: 2017 2016 Income tax recovery at statutory rate $ 137,581 $ 235,993 Valuation allowance change $ (137,581 ) $ (235,993 ) Provision for income taxes $ - $ - The Significant components of deferred income tax assets and liabilities at June 30, 2017 and December 31, 2016 are as follows: Net operating loss carried forward $ 1,203,424 $ 674,266 Valuation allowance $ (1,203,424 ) $ (674,266 ) Net deferred income tax asset $ - $ - Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carryforwards for Federal income tax reporting purposes are subject to annual limitations. When a change in ownership occurs, net operating loss carryforwards may be limited.

Consulting Agreements

Consulting Agreements	6 Months Ended
	Jun. 30, 2017
Consulting Agreements
Consulting Agreements	7. Consulting Agreements On or around April 14, 2016, the Company formed an advisory Board and engaged Syndicate Studios, LLC for consulting services and issued the Syndicate Studios 100,000,000 warrants with a two-year expiration and a strike price of $0.0002 on a pre-reverse-split basis. The warrants are subject to mutually agreed to performance criteria. On July 25, 2016, the Company engaged Kevin Harrington Enterprises (KBHJJ LLC) to provide consulting services, including introductions to potential investors and sponsors for eSports tournaments, among other things. Mr. Harrington subsequently resigned with no compensation. On February 6, 2017, David Petite was appointed to the advisory board.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2017
Subsequent Events [Abstract]
Subsequent Events	8. Subsequent Events On June 27, 2017, Iconic Holdings $100,000 Convertible Promissory Note issued on February 18, 2016 was amended to reflect the conversion price of 0.10 cents to 0.08 cents per common share. On June 29, 2017, Iconic Holdings, LLC entered into a 10% Convertible Promissory Note with the Company in the principal amount of $27,000 (the “Note”). Upon the execution of this Note, the sum of $9,000 has been remitted and delivered to the Company. The Company is only required to repay the amount funded and the Company is not required to repay any unfunded portion of this Note. On July 5, 2017, Iconic Holdings converted $15,895 of its $100,000 Convertible Promissory Note issued on February 18, 2016 into 198,688 shares of common stock of the Company. On July 25, 2017, Iconic Holdings converted $18,950 of its $100,000 Convertible Promissory Note issued on February 18, 2016 into 236,875 shares of common stock of the Company. On July 10, 2017, the Company’s Board of Directors elected David Dorwart its Chairman and CEO. Vikram Grover resigned as the Company’s CEO and was appointed the Company’s Treasurer. Additionally, the Board of Directors elected Domenic Fontana and Jordan Axt to the Company’s Board of Directors. On July 13, 2017, a shareholder converted 1,000 Series B Preferred Shares into 200,000 common shares. On August 8, 2017, the board of directors (the “Board”) of Good Gaming, Inc. (the “Company”) accepted Vikram Grover’s resignation as the Treasurer of the Company and as a member of the Board, effective immediately. On August 8, 2017, the Board of the Company accepted Barbara Laken’s resignation as the Secretary of the Company and as a member on the Board, effective immediately. On August 8, 2017, the Board of the Company appointed Domenic Fontana, age 36, as the Company’s new Treasurer. On August 9, 2017, the Company announced a strategic review of its business prompted improvements to its business model and a reduction in expenses designed to accelerate its move to free cash flow generation. On August 11, 2017, an investor converted 1,250 Series B Shares into 250,000 common shares. On August 14, 2017, Iconic Holdings, LLC has remitted and delivered to the Company $9,000 as part of the previous agreement. The Company is only required to repay the amount funded and the Company is not required to repay any unfunded portion of this Note. As of August 15, 2017, ViaOne Services has provided additional funding in the form of a short-term loan of $36,418 to be repaid no later than May 1, 2018 and the loan bears interest at 12% per annum.

Summary of Significant Accoun14

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Basis of Presentation	● Basis of Presentation The financial statements for the periods ending June 30, 2017 and 2016 include the accounts of the Company. These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States, and are expressed in U.S. dollars. The Company’s fiscal year-end is December 31. Certain reclassifications have been made to the statement of operations and statement of cash flows for the three and six months ended June 30, 2016 to make them consistent with the current presentation.
Use of Estimates	● Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the fair values of convertible debentures, derivative liability, stock-based compensation, and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.
Cash Equivalents	● Cash Equivalents The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. As of June 30, 2017 and 2016, the Company had cash and cash equivalents of $84,073 and $132,270, respectively.
Intangible Assets	● Intangible Assets Intangible assets are carried at the purchased cost less accumulated amortization. Amortization is computed over the estimated useful lives of the respective assets, generally from five to twenty years.
Impairment of Long-Lived Assets	● Impairment of Long-Lived Assets Long-lived assets and certain identifiable intangible assets to be held and used are reviewed for impairment whenever events or changes in circumstance indicate that the carrying amount of such assets may not be recoverable. Determination of recoverability is based on an estimate of undiscounted future cash flows resulting from the use of the asset and its eventual disposition. Measurement of an impairment loss for long-lived assets and certain identifiable intangible assets that management expects to hold and use is based on the fair value of the asset. Long-lived assets and certain identifiable intangible assets to be disposed of are reported at the lower of carrying amount or fair value less costs to sell.
Beneficial Conversion Features	● Beneficial Conversion Features From time to time, the Company may issue convertible notes that may contain an embedded beneficial conversion feature. A beneficial conversion feature exists on the date a convertible note is issued when the fair value of the underlying common stock to which the note is convertible into is in excess of the remaining unallocated proceeds of the note after first considering the allocation of a portion of the note proceeds to the fair value of the warrants, if related warrants have been granted. The intrinsic value of the beneficial conversion feature is recorded as a debt discount with a corresponding amount to additional paid in capital. The debt discount is amortized to interest expense over the life of the note using the effective interest method.
Derivative Liability	● Derivative Liability From time to time, the Company may issue equity instruments that may contain an embedded derivative instrument which may result in a derivative liability. A derivative liability exists on the date the equity instrument is issued when there is a contingent exercise provision. The derivative liability is recorded at fair value calculated by using an option pricing model such as a multi-nominal lattice model. The fair value of the derivative liability is then calculated on each balance sheet date with the corresponding gains and losses recorded in the consolidated statement of operations.
Basic and Diluted Net Loss Per Share	● Basic and Diluted Net Loss Per Share The Company computes net loss per share in accordance with ASC 260, Earnings Per Share, which requires presentation of both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net loss available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing Diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive.
Income Taxes	● Income Taxes Potential benefits of income tax losses are not recognized in the accounts until realization is more likely than not. The Company has adopted ASC 740, Income Taxes, as of its inception. Pursuant to ASC 740, the Company is required to compute tax asset benefits for net operating losses carried forward. The potential benefits of net operating losses have not been recognized in these financial statements because the Company cannot be assured it is more likely than not it will utilize the net operating losses carried forward in future years.
Comprehensive Loss	● Comprehensive Loss ASC 220, Comprehensive Income , establishes standards for the reporting and display of comprehensive loss and its components in the financial statements. As at June 30, 2017 and 2016, the Company has no items that represent comprehensive loss and, therefore, has not included a schedule of comprehensive loss in the financial statements.
Financial Instruments	● Financial Instruments ASC 820, “Fair Value Measurements” and ASC 825, Financial Instruments, requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. It establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. It prioritizes the inputs into three levels that may be used to measure fair value: Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. Assets and liabilities measured at fair value on a recurring basis were presented on the Company’s balance sheet as at June 30, 2017 and 2016 as follows: The carrying values of all of our other financial instruments, which include accounts payable and accrued liabilities, and amounts due to related parties approximate their current fair values because of their nature and respective maturity dates or durations.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2017
Derivative Liability [Abstract]
Schedule of Derivative Liability	A summary of the activity of the derivative liability is shown below: Balance December 31, 2016 $ 288,605 Mark to Market Adjustment at March 31, 2017 (134,789 ) Balance March 31, 2017 153,816 Mark to Market Adjustment at June 30, 2017 298,704 Balance June 30, 2017 $ 452,520

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense	The tax effect of the significant temporary differences, which comprise future tax assets and liabilities, are as follows: 2017 2016 Income tax recovery at statutory rate $ 137,581 $ 235,993 Valuation allowance change $ (137,581 ) $ (235,993 ) Provision for income taxes $ - $ -
Schedule of Deferred Tax Assets and Liabilities	The Significant components of deferred income tax assets and liabilities at June 30, 2017 and December 31, 2016 are as follows: Net operating loss carried forward $ 1,203,424 $ 674,266 Valuation allowance $ (1,203,424 ) $ (674,266 ) Net deferred income tax asset $ - $ -

Nature of Operations and Cont17

Nature of Operations and Continuance of Business (Details Narrative) - USD ($)	Feb. 17, 2017	Jun. 30, 2017	Dec. 31, 2016
Working capital deficiency		$ 1,292,846
Accumulated deficit		$ 4,272,260	$ 3,509,373
Reserve stock split	1 for 1,000 basis
Common stock shares authorized		100,000,000	100,000,000
Preferred stock shares authorized		450,000,000
Maximum [Member]
Common stock shares authorized	2,000,000,000
Preferred stock shares authorized	4,500,000,000	2,250,000
Minimum [Member]
Common stock shares authorized	100,000,000
Preferred stock shares authorized	2,250,000

Summary of Significant Accoun18

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash equivalents	$ 84,073	$ 132,270
Minimum [Member]
Estimated useful lives of intangible assets	5 years
Maximum [Member]
Estimated useful lives of intangible assets	20 years

Other Assets (Details Narrative

Other Assets (Details Narrative)	6 Months Ended
	Jun. 30, 2017USD ($)
Other Assets [Abstract]
Payment to acquire softaware	$ 1,200,000
Estimated useful lives	5 years
Amortization of assets	$ 120,000

Debt (Details Narrative)

Debt (Details Narrative)

Apr. 07, 2016USD ($)

Feb. 17, 2016USD ($)

Apr. 15, 2015USD ($)

Apr. 09, 2015USD ($)

Apr. 02, 2015USD ($)

Feb. 29, 2016USD ($)

Jun. 30, 2017USD ($)

Jun. 30, 2016USD ($)

Jun. 30, 2015USD ($)

Dec. 31, 2016

May 31, 2017USD ($)

Mar. 05, 2017USD ($)

Mar. 04, 2017USD ($)

Mar. 02, 2017USD ($)

Jan. 31, 2017USD ($)

Nov. 30, 2016USD ($)

Proceeds of debt receivable

$ 113,440

Debt Conversion, Converted Instrument, Amount

6,585

$ 73,894

Unpaid amount

$ 363,000

Due to related party

$ 85,000

$ 75,000

$ 25,000

$ 25,000

Fair value assumption of volatility rate

173.00%

165.00%

Fair value assumption of risk free interest rate

0.00%

Minimum [Member]

Fair value assumption of risk free interest rate

1.00%

Maximum [Member]

Fair value assumption of risk free interest rate

5.00%

July 1, 2017 [Member]

Due to related party

$ 573,000

Asset Purchase Agreement [Member]

Due date

Aug. 31, 2017

Debt instrument, default rate

0.00%

Debt instrument, convertible, conversion ratio

0.20

Debt Conversion, Converted Instrument, Amount

$ 60,000

Convertible Debentures [Member]

Debt instrument, face amount

$ 25,000

$ 100,000

$ 100,000

Proceeds of debt receivable

$ 50,000

Proceeds to be distributed

$ 50,000

Due date

Jun. 18, 2017

Oct. 16, 2016

Aug. 31, 2018

Debt instrument, default rate

0.00%

22.00%

0.00%

Debt instrument, convertible, conversion ratio

0.50

Note payable

$ 8,300

Convertible Debentures [Member] | Iconic Holdings, LLC [Member]

Debt instrument, face amount

$ 600,000

Proceeds of debt receivable

$ 40,000

Proceeds to be distributed

30,000

Due date

Apr. 1, 2016

Debt instrument, default rate

10.00%

Original issue discount

4,000

Legal expenses

$ 6,000

Silver Linings Management, LLC [Member]

Debt instrument, face amount

$ 13,440

Due date

Apr. 1, 2018

Debt instrument, default rate

10.00%

ViaOne Services, LLC [Member]

Debt instrument, face amount

$ 363,000

$ 225,000

$ 150,000

Debt - Schedule of Derivative L

Debt - Schedule of Derivative Liability (Details) - USD ($)	3 Months Ended
	Jun. 30, 2017	Mar. 31, 2017
Debt Disclosure [Abstract]
Balance December 31, 2016	$ 153,816	$ 228,605
Mark to Market Adjustment at March 31, 2017	298,704	(134,789)
Balance March 31, 2017	$ 452,520	$ 153,816

Common Stock (Details Narrative

Common Stock (Details Narrative) - USD ($)	Jan. 04, 2017	Aug. 16, 2016	Apr. 22, 2016	Apr. 16, 2016	Mar. 15, 2016	Feb. 26, 2016	Feb. 23, 2016	Feb. 18, 2016	Jun. 30, 2017	Feb. 17, 2017	Dec. 31, 2016	Mar. 07, 2016
Preferred stock, shares authorized									450,000,000
Preferred stock, par value									$ 0.001
Shares issued for exchange of common stock				179,450
HOEL [Member]
Shares converted into stock	70,000
Class A Preferred Stock
Preferred stock, shares authorized									2,000,000		2,000,000
Preferred stock, par value									$ 0.001		$ 0.001
Preferred stock, shares issued									7,500		7,500
Preferred stock, shares outstanding									7,500		7,500
Preferred stock, conversion basis									20 common shares
Class B Preferred Stock
Preferred stock, shares authorized									249,999		249,999
Preferred stock, par value									$ 0.001		$ 0.001
Preferred stock, shares issued									162,029		161,529
Preferred stock, shares outstanding									162,029		161,529
Preferred stock, conversion basis									200 common shares
Shares converted into stock	500
Class C Preferred Stock
Preferred stock, shares authorized									1		1
Preferred stock, par value									$ 0.001		$ 0.001
Preferred stock, shares issued									1		1
Preferred Shares undesignated									1,800,000
Preferred stock, shares outstanding									1		1
Common Stock
Share increase									32,555,800
Series B Preferred Stock [Member]
Stock for further issuance		86,650						85,600
Subscription receivable issued		$ 42,500
Stock issued during period, shares, acquisitions		130,300
Series B Preferred Stock [Member] | Silver Linings Management, LLC [Member]
Subscription receivable issued												$ 5,000
Series B Preferred Stock [Member] | Paul Rauner [Member]
Stock issued during period, shares, acquisitions						800
Series B Preferred Stock [Member] | Galina Berkovich [Member]
Stock issued during period, shares, acquisitions						800
Series B Preferred Stock [Member] | Bernard Mangold [Member]
Stock issued during period, shares, acquisitions						400
Series B Preferred Stock [Member] | William Crusoe
Stock issued during period, shares, acquisitions			1,000
Series B Preferred Stock [Member] | Francesca Dorwart
Stock issued during period, shares, acquisitions			1,000
Series B Preferred Stock [Member] | Good Gaming Software [Member]
Stock issued during period, shares, acquisitions		1,150
Series B Preferred Stock [Member] | Vikram Grover [Member]
Stock issued for services, shares								860
Series B Preferred Stock [Member] | Andrew Albrecht [Member]
Stock issued for services, shares							2,000
Series B Preferred Stock [Member] | William Schultz [Member]
Subscription receivable issued						$ 25,000
Series B Preferred Stock [Member] | Brett Nesland [Member]
Stock issued during period, shares, acquisitions					1,000
Maximum [Member]
Preferred stock, shares authorized									2,250,000	4,500,000,000

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	6 Months Ended
	Jun. 30, 2017USD ($)
Net operating loss carryforward	$ 1,203,424
Expiration date	Dec. 31, 2037
Statutory rate	35.00%
Canada [Member]
Statutory rate	35.00%

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Components of Income Tax Expense (Details) - USD ($)	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income tax recovery at statutory rate	$ 137,581	$ 235,993
Valuation allowance change	(137,581)	(235,993)
Provision for income taxes

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Net operating loss carried forward	$ 1,203,424	$ 674,266
Valuation allowance change	(1,203,424)	(674,266)
Provision for income taxes

Consulting Agreements (Details

Consulting Agreements (Details Narrative) - Syndicate Studios, LLC [Member] - $ / shares	Aug. 14, 2016	Apr. 14, 2016
Other Commitments [Line Items]
Number of warrants issued		100,000,000
Warrant expiration period	2 years
Strike price		$ 0.0002

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)	Aug. 14, 2017	Aug. 11, 2017	Jul. 13, 2017	Jun. 29, 2017	Jun. 25, 2017	Jun. 05, 2017	Feb. 18, 2016	Jun. 30, 2017	Jun. 30, 2016	Aug. 15, 2017	Jun. 27, 2017
Debt instrument conversion, amount								$ 6,585	$ 73,894
Subsequent Event [Member]
Convertible promissory note						$ 100,000					$ 100,000
Repayment of debt				$ 9,000
Debt instrument conversion, amount						$ 15,895
Short term debt										$ 36,418
Debt instrument interest rate										12.00%
Subsequent Event [Member] | Iconic Holdings, LLC [Member]
Repayment of debt	$ 9,000
Subsequent Event [Member] | Investort [Member]
Shares converted into stock		1,250
Subsequent Event [Member] | Series B Preferred Stock [Member]
Shares converted into stock			1,000
Subsequent Event [Member] | Common Shares [Member]
Shares converted into stock			200,000
Subsequent Event [Member] | Common Shares [Member] | Investort [Member]
Shares converted into stock		250,000
Subsequent Event [Member] | 10% Convertible Promissory Note [Member]
Convertible promissory note				$ 27,000
Subsequent Event [Member] | Convertible Promissory Note [Member]
Number of common stock shares issued							198,688
Subsequent Event [Member] | Convertible Promissory Note One [Member]
Convertible promissory note					$ 100,000
Debt instrument conversion, amount					$ 18,950
Number of common stock shares issued							236,875
Subsequent Event [Member] | Minimum [Member]
Debt instrument conversion price											$ 0.10
Subsequent Event [Member] | Maximum [Member]
Debt instrument conversion price											$ 0.08