BestGofer (BGFR) 10-Q 15 Oct 24 2024 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Aug. 31, 2024	Oct. 15, 2024
Details
Registrant CIK	0001722556
Fiscal Year End	--11-30
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Aug. 31, 2024
Document Transition Report	false
Securities Act File Number	333-224041
Entity Registrant Name	BestGofer Inc.
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	82-5296245
Entity Address, Address Line One	10 Nisan Beck St.
Entity Address, City or Town	Jerusalem
Entity Address, Country	IL
Entity Address, Postal Zip Code	91034
City Area Code	972
Local Phone Number	03-9117987
Entity Current Reporting Status	Yes
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		5,880,000
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Aug. 31, 2024	Nov. 30, 2023
Current assets
Prepaid expenses, current	$ 0	$ 12,500
Assets total, current	0	12,500
Other advances	12,500
Total assets	12,500	12,500
Current liabilities
Accounts payable	94,882	43,535
Accrued expenses	0	24,400
Due to related party	16,925	15,550
Total current liabilities	111,807	83,485
Stockholders' deficit
Preferred Stock Value	0	0
Common stock: $0.001 par value, 190,000,000 shares authorized, 5,880,000 shares issued and outstanding as of August 31, 2024 and November 30, 2023 respectively	5,880	5,880
Additional paid-in capital	75,226	75,226
Accumulated deficit	(180,413)	(152,091)
Total stockholders' deficit	(99,307)	(70,985)
Total liabilities and stockholders' deficit	$ 12,500	$ 12,500

BALANCE SHEETS - Parenthetical

BALANCE SHEETS - Parenthetical - $ / shares	Aug. 31, 2024	Nov. 30, 2023
BALANCE SHEETS
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	0
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	190,000,000	190,000,000
Common Stock, Shares, Issued	5,880,000

CONDENSED STATEMENTS OF OPERATI

CONDENSED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2024	Aug. 31, 2023
CONDENSED STATEMENTS OF OPERATIONS
Revenue	$ 0	$ 0	$ 0	$ 0
Expenses
General and administration	3,523	3,202	10,938	10,522
Professional fees	375	0	17,384	7,615
Total expenses	3,898	3,202	28,322	18,137
Net income (loss)	$ (3,898)	$ (3,202)	$ (28,322)	$ (18,137)
Basic and diluted loss per common share	$ (0.001)	$ (0.001)	$ (0.005)	$ (0.003)
Weighted average number of common shares outstanding - basic and diluted	5,880,000	5,880,000	5,880,000	5,880,000

STATEMENT OF CHANGES IN STOCKHO

STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)	Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings	Total
Equity Balance at Nov. 30, 2022	$ 0	$ 5,880	$ 75,226	$ (108,299)	$ (27,193)
Equity Balance, Shares at Nov. 30, 2022	0	5,880,000
Net income (loss) for the period	$ 0	$ 0	0	(6,668)	(6,668)
Equity Balance at Feb. 28, 2023	$ 0	$ 5,880	75,226	(114,967)	(33,861)
Equity Balance, Shares at Feb. 28, 2023	0	5,880,000
Net income (loss) for the period	$ 0	$ 0	0	(8,267)	(8,267)
Equity Balance at May. 31, 2023	$ 0	$ 5,880	75,226	(123,234)	(42,128)
Equity Balance, Shares at May. 31, 2023	0	5,880,000
Net income (loss) for the period	$ 0	$ 0	0	(3,202)	(3,202)
Equity Balance at Aug. 31, 2023	$ 0	$ 5,880	75,226	(126,436)	(45,330)
Equity Balance, Shares at Aug. 31, 2023	0	5,880,000
Equity Balance at Nov. 30, 2023	$ 0	$ 5,880	75,226	(152,091)	(70,985)
Equity Balance, Shares at Nov. 30, 2023	0	5,880,000
Net income (loss) for the period	$ 0	$ 0	0	(9,517)	(9,517)
Equity Balance at Feb. 29, 2024	$ 0	$ 5,880	75,226	(161,608)	(80,502)
Equity Balance, Shares at Feb. 29, 2024	0	5,880,000
Net income (loss) for the period	$ 0	$ 0	0	(14,907)	(14,907)
Equity Balance at May. 31, 2024	$ 0	$ 5,880	75,226	(176,515)	(95,409)
Equity Balance, Shares at May. 31, 2024	0	5,880,000
Net income (loss) for the period	$ 0	$ 0	0	(3,898)	(3,898)
Equity Balance at Aug. 31, 2024	$ 0	$ 5,880	$ 75,226	$ (180,413)	$ (99,307)
Equity Balance, Shares at Aug. 31, 2024	0	5,880,000

CONDENSED STATEMENTS OF CASH FL

CONDENSED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2024	Aug. 31, 2023	Nov. 30, 2023
Cash Flows from Operating Activities
Net Income (Loss)	$ (3,898)	$ (3,202)	$ (28,322)	$ (18,137)
Changes in Operating Assets and Liabilities
Increase (decrease) in accounts payable			51,347	12,987
Increase (decrease) in accrued expenses			(24,400)	2,400
Net cash used in operating activities			(1,375)	(2,750)
Cash flows from investing activities			0	0
Net Cash Flows from Financing Activities
Proceeds from related party			1,375	2,750
Net cash provided to financing activities			1,375	2,750
Net increase/(decrease) in cash			0	0
Cash at beginning of period			0	0	$ 0
Cash at end of period	$ 0	$ 0	0	0	$ 0
Supplemental cash flow information
Cash paid for interest			0	0
Cash paid for income taxes			$ 0	$ 0

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Aug. 31, 2024
Notes
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A summary of significant accounting policies of BestGofer Inc. the “Company” is presented to assist in understanding the Company’s financial statements. The accounting policies presented in these footnotes conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the accompanying financial statements. These financial statements and notes are representations of the Company’s management who are responsible for their integrity and objectivity. The Company has not realized revenues from its planned principal business purpose. Organization, Nature of Business and Trade Name BestGofer Inc. was incorporated in the State of Nevada in October 2017, with the purpose of developing a consumer delivery system. The Company’s principal office is in Dimona, Israel. The Company’s activities are subject to significant risks and uncertainties including failing to secure additional funding to operationalize the Company’s website and apps before another company develops similar websites or apps. Basis of Presentation The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America, and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company for the nine months ended August 31, 2024. Accounting Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America, requires management to make estimates and assumptions that affect certain reported amounts and disclosures. These estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent liabilities, and the reported amounts of revenues and expenses. Accordingly, actual results could differ from those estimates. Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all short-term debt securities purchased with maturity of three months or less to be cash equivalents. Recent Accounting Pronouncements We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company. Revenue Recognition We recognize revenue in accordance with Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers Fair Value of Financial Instruments The Company applies fair value accounting for all financial assets and liabilities and non-financial assets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring basis. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, which are required to be recorded at fair value, the Company considers the principal or most advantageous market in which the Company would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as risks inherent in valuation techniques, transfer restrictions and credit risk. Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement: Level 1 Level 2 Level 3 In accordance with the fair value accounting requirements, companies may choose to measure eligible financial instruments and certain other items at fair value. The Company has not elected the fair value option for any eligible financial instruments. Advertising Advertising expenses are recorded as general and administrative expenses when they are incurred. Use of Estimates The preparation of financial statements in accounting principles generally accepted in the United States of America 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. A change in managements’ estimates or assumptions could have a material impact on BestGofer Inc.’s financial condition and results of operations during the period in which such changes occurred. Actual results could differ from those estimates. BestGofer Inc.’s financial statements reflect all adjustments that management believes are necessary for the fair presentation of their financial condition and results of operations for the periods presented. Capital Stock No shares of Preferred Stock were issued or outstanding as of August 31, 2024 and November 30, 2023. Basic and Diluted Net Loss per Common Share Basic loss per common share is computed by dividing the net loss by the weighted average number of shares of common stock outstanding for each period. Diluted loss per share is computed by dividing the net loss by the weighted average number of shares of common stock outstanding plus the dilutive effect of shares issuable through the common stock equivalents. The weighted-average number of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive. Income Taxes The Company recognizes the tax effects of transactions in the year in which such transactions enter into the determination of net income, regardless of when reported for tax purposes. Reclassification of Prior Year Presentation Certain prior year amounts have been reclassified for consistency with the current period presentation. These reclassifications had no effect on the reported results of operations.

Going Concern Disclosure

Going Concern Disclosure	9 Months Ended
	Aug. 31, 2024
Notes
Going Concern Disclosure	NOTE 2 - GOING CONCERN The Company's financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company does not have an established source of revenues sufficient to cover its operating costs and to allow it to continue as a going concern. Under the going concern assumption, an entity is ordinarily viewed as continuing in business for the foreseeable future with neither the intention nor the necessity of liquidation, ceasing trading, or seeking protection from creditors pursuant to laws or regulations. Accordingly, assets and liabilities are recorded on the basis that the entity will be able to realize its assets and discharge its liabilities in the normal course of business. The ability of the Company to continue as a going concern is dependent upon its ability to successfully raise funds through the capital market and eventually attain profitable operations. The accompanying financial statements do not include any adjustments that may be necessary if the Company is unable to continue as a going concern. During the next year, the Company’s foreseeable cash requirements will relate to continual development of the operations of its business, maintaining its good standing and making the requisite filings with the Securities and Exchange Commission, and the payment of expenses associated with app development. The Company may experience a cash shortfall and be required to raise additional capital. Historically, it has mostly relied upon internally generated funds and funds from the sale of shares of stock to finance its operations and growth. Management may raise additional capital through future public or private offerings of the Company’s stock or through loans from private investors, although there can be no assurance that it will be able to obtain such financing. The Company’s failure to do so could have a material and adverse effect upon it and its shareholders. In the past year, the Company funded operations by using cash proceeds received from related party (See Note D). For the coming year, the Company plans to continue to fund the Company through debt and securities sales and issuances until the company generates enough revenues through the operations as stated above.

COMMON STOCK DISCLOSURE

COMMON STOCK DISCLOSURE	9 Months Ended
	Aug. 31, 2024
Notes
COMMON STOCK DISCLOSURE	NOTE 3 - COMMON STOCK Common Stock As at August 31, 2024, and November 30, 2023, the Company’s authorized stock consists of 190,000,000 shares of common stock at a par value of $0.001 per share and 10,000,000 shares of preferred stock at a par value of $0.001 per share, respectively. As at August 31, 2024, and November 30, 2023, the Company’s issued and outstanding consists of 5,880,000 shares of common stock. Preferred Stock As of August 31, 2024, and November 30, 2023, the Company has no shares of preferred stock issued and outstanding, respectively.

Related Party Transactions Disc

Related Party Transactions Disclosure	9 Months Ended
	Aug. 31, 2024
Notes
Related Party Transactions Disclosure	NOTE 4 - RELATED PARTY TRANSACTIONS During January 2023, the Company received $1,250 from Mohammad Hasan Hamed, President of the towards company operating expenses. The Company will repay the amount once the Company generates sufficient cash flow. During April 2023, the Company received $1,500 from Mohammad Hasan Hamed, President of the Company towards Company operating expenses. The Company will repay the amount once the Company generates sufficient cash flow. During January 2024, Company received $1,375 from Mohammad Hasan Hamed, President of the Company towards Company operating expenses. The Company will repay the amount once the Company generates sufficient cash flow. As at August 31, 2024, and November 30, 2023, amounts due to related parties are $16,925 and $15,550, respectively.

SUBSEQUENT EVENTS DISCLOSURE

SUBSEQUENT EVENTS DISCLOSURE	9 Months Ended
	Aug. 31, 2024
Notes
SUBSEQUENT EVENTS DISCLOSURE	NOTE 5 - SUBSEQUENT EVENT The Company evaluated all events or transactions that occurred after August 31, 2024, through October 15, 2024 and determined that it does not have any subsequent event requiring recording or disclosure in the financial statements for the period ended August 31, 2024.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Basis of Accounting, Policy (Policies)	9 Months Ended
	Aug. 31, 2024
Policies
Basis of Accounting, Policy	Basis of Presentation The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America, and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company for the nine months ended August 31, 2024.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Cash and Cash Equivalents, Policy (Policies)	9 Months Ended
	Aug. 31, 2024
Policies
Cash and Cash Equivalents, Policy	Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all short-term debt securities purchased with maturity of three months or less to be cash equivalents.

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: New Accounting Pronouncements, Policy (Policies)	9 Months Ended
	Aug. 31, 2024
Policies
New Accounting Pronouncements, Policy	Recent Accounting Pronouncements We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company.

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Revenue Recognition Policy (Policies)	9 Months Ended
	Aug. 31, 2024
Policies
Revenue Recognition Policy	Revenue Recognition We recognize revenue in accordance with Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Fair Value of Financial Instruments, Policy (Policies)	9 Months Ended
	Aug. 31, 2024
Policies
Fair Value of Financial Instruments, Policy	Fair Value of Financial Instruments The Company applies fair value accounting for all financial assets and liabilities and non-financial assets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring basis. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, which are required to be recorded at fair value, the Company considers the principal or most advantageous market in which the Company would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as risks inherent in valuation techniques, transfer restrictions and credit risk. Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement: Level 1 Level 2 Level 3 In accordance with the fair value accounting requirements, companies may choose to measure eligible financial instruments and certain other items at fair value. The Company has not elected the fair value option for any eligible financial instruments.

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Advertising Policy (Policies)	9 Months Ended
	Aug. 31, 2024
Policies
Advertising Policy	Advertising Advertising expenses are recorded as general and administrative expenses when they are incurred.

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Use of Estimates, Policy (Policies)	9 Months Ended
	Aug. 31, 2024
Policies
Use of Estimates, Policy	Use of Estimates The preparation of financial statements in accounting principles generally accepted in the United States of America 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. A change in managements’ estimates or assumptions could have a material impact on BestGofer Inc.’s financial condition and results of operations during the period in which such changes occurred. Actual results could differ from those estimates. BestGofer Inc.’s financial statements reflect all adjustments that management believes are necessary for the fair presentation of their financial condition and results of operations for the periods presented.

SUMMARY OF SIGNIFICANT ACCOUN_9

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Capital Stock Policy (Policies)	9 Months Ended
	Aug. 31, 2024
Policies
Capital Stock Policy	Capital Stock No shares of Preferred Stock were issued or outstanding as of August 31, 2024 and November 30, 2023.

SUMMARY OF SIGNIFICANT ACCOU_10

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Earnings Per Share, Policy (Policies)	9 Months Ended
	Aug. 31, 2024
Policies
Earnings Per Share, Policy	Basic and Diluted Net Loss per Common Share Basic loss per common share is computed by dividing the net loss by the weighted average number of shares of common stock outstanding for each period. Diluted loss per share is computed by dividing the net loss by the weighted average number of shares of common stock outstanding plus the dilutive effect of shares issuable through the common stock equivalents. The weighted-average number of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive.

SUMMARY OF SIGNIFICANT ACCOU_11

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Income Tax, Policy (Policies)	9 Months Ended
	Aug. 31, 2024
Policies
Income Tax, Policy	Income Taxes The Company recognizes the tax effects of transactions in the year in which such transactions enter into the determination of net income, regardless of when reported for tax purposes.

SUMMARY OF SIGNIFICANT ACCOU_12

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Reclassification Policy (Policies)	9 Months Ended
	Aug. 31, 2024
Policies
Reclassification Policy	Reclassification of Prior Year Presentation Certain prior year amounts have been reclassified for consistency with the current period presentation. These reclassifications had no effect on the reported results of operations.

SUMMARY OF SIGNIFICANT ACCOU_13

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Capital Stock Policy (Details)	Aug. 31, 2024 shares
Details
Preferred stock issued and outstanding	0

COMMON STOCK DISCLOSURE (Detail

COMMON STOCK DISCLOSURE (Details) - $ / shares	Aug. 31, 2024	Nov. 30, 2023
Details
Common stock authorized	190,000,000	190,000,000
Common par value	$ 0.001	$ 0.001
Preferred stock authorized	10,000,000	10,000,000
Preferred par value	$ 0.001	$ 0.001
Common stock issued and outstanding	5,880,000

Related Party Transactions Di_2

Related Party Transactions Disclosure (Details) - USD ($)	9 Months Ended		12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Nov. 30, 2023
Proceeds from related party	$ 1,375	$ 2,750
Due to related party	16,925		$ 15,550
President Jan, 2023
Proceeds from related party			1,250
President April, 2023
Proceeds from related party			$ 1,500
President Jan, 2024
Proceeds from related party	$ 1,375