Gamer Pakistan Inc. Common Stock (GPAK) 10-K 3 Jul 24 2023 FY Annual report Financial data

Cover

Cover - shares	12 Months Ended
	Dec. 31, 2023	Apr. 15, 2024
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	333-273220
Entity Registrant Name	GAMER PAKISTAN INC.
Entity Central Index Key	0001948884
Entity Tax Identification Number	87-3732146
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	35 E. Horizon Ridge Pkwy
Entity Address, Address Line Two	Suite 110-481
Entity Address, City or Town	Henderson
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89002
City Area Code	(702)
Local Phone Number	905-1171
Title of 12(b) Security	Common stock, $0.001 par value per share
Trading Symbol	GPAK
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		25,579,319
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Auditor Firm ID	3223
Auditor Name	Mercurius & Associates LLP
Auditor Location	New Delhi, India

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash	$ 3,371,123	$ 90,277
Prepaid expenses and other current assets	164,022	167,736
Total current assets	3,535,145	258,013
Restricted cash	400,000
Other long-term assets	54,422
Total assets	3,989,567	258,013
Current liabilities:
Accounts payable and accrued expenses	170,464	14,688
Due to related parties	30,816	10,750
Total current liabilities	201,280	25,438
Total liabilities	201,280	25,438
Stockholders’ equity
Preferred stock; $0.0001 par value; 10,000,000 shares authorized; nil shares issued and outstanding
Common stock, $0.0001 par value, 100,000,000 shares authorized, 25,579,319 and 23,879,319 shares issued and outstanding	2,558	2,388
Additional paid-in capital	6,152,033	541,819
Accumulated deficit	(2,362,440)	(311,632)
Accumulated other comprehensive loss	(3,561)
Total stockholders' equity - Gamer Pakistan Inc.	3,788,590	232,575
Non-controlling interest	(303)
Total stockholders’ equity	3,788,287	232,575
Total liabilities and stockholders' equity	$ 3,989,567	$ 258,013

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares, issued	25,579,319	23,879,319
Common stock, shares, outstanding	25,579,319	23,879,319

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Revenue	$ 733
Cost of revenue
Gross profit	733
Operating expenses:
General and administrative expenses	2,032,324	311,632
Total operating expenses	2,032,324	311,632
Loss from operations	(2,031,591)	(311,632)
Interest expense	(19,520)
Net loss	(2,051,111)	(311,632)
Net loss - non-controlling interest	(303)
Net loss attributable to Gamer Pakistan Inc.	$ (2,050,808)	$ (311,632)
Net loss per share attributable to common stockholders, basic and diluted	$ (0.08)	$ (0.01)
Weighted average common shares outstanding, basic and diluted	24,289,182	22,639,981
Comprehensive loss:
Net loss	$ (2,051,111)	$ (311,632)
Unrealized loss on foreign currency translation	(3,561)
Total comprehensive loss	(2,054,672)	(311,632)
Comprehensive loss attributable to non-controlling interest	(303)
Comprehensive loss - Gamer Pakistan Inc.	$ (2,054,369)	$ (311,632)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]	Total
Beginning balance, value at Dec. 31, 2021	$ 2,207					$ 2,207
Balance, shares at Dec. 31, 2021	22,072,651
Issuance of common stock	$ 181	541,819				542,000
Issuance of common stock, shares	1,806,668
Net loss			(311,632)			(311,632)
Unrealized loss on foreign currency translation
Ending balance, value at Dec. 31, 2022	$ 2,388	541,819	(311,632)			232,575
Balance, shares at Dec. 31, 2022	23,879,319
Net loss			(2,050,808)		(303)	(2,051,111)
Issuance of common stock, net of issuance costs	$ 170	5,610,214				5,610,384
Issuance of common stock, net of issuance costs, shares	1,700,000
Unrealized loss on foreign currency translation				(3,561)		(3,561)
Ending balance, value at Dec. 31, 2023	$ 2,558	$ 6,152,033	$ (2,362,440)	$ (3,561)	$ (303)	$ 3,788,287
Balance, shares at Dec. 31, 2023	25,579,319

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities
Net loss	$ (2,051,111)	$ (311,632)
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	(156,650)	(5,000)
Other long-term assets	(53,305)
Accounts payable and accrued expenses	154,287	14,688
Net cash used in operating activities	(2,106,779)	(301,944)
Cash flows from financing activities
Proceeds from issuance of common stock	6,800,000	543,502
Payment of stock issuance and deferred offering costs	(1,027,585)	(162,031)
Repayment of notes payable, related party	(260,000)
Net advances from related parties	260,000
Net advances from related parties	16,865	10,750
Net cash provided by financing activities	5,789,280	392,221
Effect of exchange rate changes on cash and restricted cash	(1,655)
Net increase (decrease) in cash and restricted cash	3,680,846	90,277
Cash and restricted cash as of beginning of period	90,277
Cash and restricted cash as of end of period	3,771,123	90,277
Supplemental disclosure of cash flow information
Cash paid for interest	19,520
Supplemental disclosure of non-cash investing and financing activity
Deferred offering costs reclassified to stock issuance costs	$ 162,031

Organization and Basis of Prese

Organization and Basis of Presentation	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Organization and Basis of Presentation	Note 1 – Organization and Basis of Presentation Organization Gamer Pakistan Inc. (the “Gamer Pakistan”) was incorporated on November 23, 2021 under the laws of the State of Delaware. Gamer Pakistan is an interactive esports event promotion and product marketing company . We conduct our operations in Pakistan through K2 Gamer (PVT) Ltd. (“K2 Gamer”), and Elite Sports Pakistan Pvt. Ltd. (“ESP”), each a company duly incorporated under the laws of Pakistan. Pursuant to agreements with the three owners of K2 Gamer, we acquired 90% ownership of K2 Gamer in November 2022 subject to required approval by the Securities and Exchange Commission of Pakistan (“SECP”), which approval was granted in July 2023. We acquired 90% of K2 Gamer so that it could be our operating subsidiary in Pakistan. The Company determined that K2 Gamer was a variable interest entity and it was the primary beneficiary of K2 Gamer prior to acquiring 90% of K2 Gamer in July 2023. However, the activity in K2 Gamer was immaterial prior to July 2023 and the results of K2 Gamer have only been included in the Company’s results since July 2023. K2 Gamer comprised approximately 1.8% of the Company’s total assets as of December 31, 2023, and 0.1% of the Company’s net loss for the year ended December 31, 2023. Basis of Presentation The accompanying consolidated financial statements were prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The consolidated financial statements include the accounts of Gamer Pakistan and K2 Gamer (collectively, the “Company”). Gamer Pakistan owns a 90% controlling interest in K2 Gamer. The value of the non-controlling interest in K2 Gamer is immaterial. The functional currency of K2 Gamer is the Pakistan Rupee (“PKR”). The assets and liabilities of K2 Gamer are translated to United States Dollars (“USD”) at period end exchange rates, while statements of operations accounts are translated at the average exchange rate during the period. The effects of foreign currency translation adjustments are included in other comprehensive loss, which is a component of accumulated other comprehensive income (loss) in stockholders’ equity. All significant intercompany accounts and transactions have been eliminated in consolidation.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 – Summary of Significant Accounting Policies Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions. 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. Significant estimates in the accompanying financial statements include valuation allowance on deferred tax assets. Cash Equivalents For the purpose of the statement of cash flows, cash equivalents include time deposits, certificate of deposits, and all highly-liquid debt instruments with original maturities of three months or less. As of December 31, 2023 and 2022, the Company did not have any cash equivalents. Restricted Cash As part of its agreement with the underwriters for the Company’s initial public offering (“IPO”), the Company is required to maintain $400,000 in an escrow account for up to 24 months from the closing of the IPO. Therefore, these funds are recorded as restricted cash as of December 31, 2023 and are a noncurrent asset as this restriction will expire by October 2025. The following table provides a reconciliation of cash and restricted cash reported within the balance sheets that sum to the total of the same such amounts shown in the statements of cash flows: Schedule of a reconciliation of cash and restricted cash 2023 2022 Cash $ 3,371,123 $ 90,277 Restricted cash 400,000 — Total cash and restricted cash shown in the statements of cash flows $ 3,771,123 $ 90,277 Deferred Offering Costs Deferred offering costs are amounts incurred that are directly related to the offering of the Company’s common stock. These costs will be offset against the proceeds from the Company’s equity offering. The Company had approximately $ 162,000 Fair Value of Financial Instruments For certain of the Company’s financial instruments, including cash, restricted cash and accounts payable, the carrying amounts approximate their fair values due to their short maturities. FASB ASC Topic 820, Fair Value Measurements and Disclosures Financial Instruments ● Level 1 inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets. ● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets in inactive markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ● Level 3 inputs to the valuation methodology us one or more unobservable inputs which are significant to the fair value measurement. The Company analyzes all financial instruments with features of both liabilities and equity under FASB ASC Topic 480, Distinguishing Liabilities from Equity Derivatives and Hedging As of December 31, 2023 and 2022, the Company did not identify any assets or liabilities required to be presented on the balance sheet at fair value. Concentration of Credit Risk Financial instruments, which potentially subject the Company to concentrations of credit risk, consist of cash and restricted cash. The Company places its cash with high quality financial institutions and at times may exceed the Federal Deposit Insurance Corporation $ 250,000 Revenue The Company records revenue in accordance with Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers ● Step 1: Identify the contract with the customer ● Step 2: Identify the performance obligations in the contract ● Step 3: Determine the transaction price ● Step 4: Allocate the transaction price to the performance obligations in the contract ● Step 5: Recognize revenue when the company satisfies a performance obligation In order to identify the performance obligations in a contract with a customer, the Company assesses the promised goods or services in the contract and identifies each distinct promised good or service. If a good or service is not distinct, the good or service is combined with other promised goods or services until a bundle of goods or services is identified as distinct. The transaction price is the amount of consideration to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer. The consideration promised in a contract with a customer may include fixed amounts, variable amounts, or both. Variable consideration is included in the transaction price only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is subsequently resolved. The Company evaluates any noncash consideration, consideration payable to the customer, potential returns and refunds, and whether consideration contains a significant financing element in determining the transaction price. Revenue is measured based on consideration specified in a contract with a customer. The Company recognizes revenue when it satisfies a performance obligation by transferring control over a service to its customer. During 2023, the Company’s revenue consisted of commissions recognized by K2 Gamer for the delivery of certain products. The total revenue for 2023 was immaterial. Income Taxes The Company accounts for income taxes in accordance with ASC Topic 740, Income Taxes Under ASC 740, a tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The Company has no material uncertain tax positions for any of the reporting periods presented. Basic and Diluted Earnings Per Share Earnings per share is calculated in accordance with ASC Topic 260, Earnings Per Share There were 170,000 no Recent Accounting Pronouncements During 2023, the Company adopted Accounting Standards Update No. 2016-13 (“ASU 2016-13”), Financial Instruments-Credit Losses Management does not believe that any recently issued, but not yet effective, accounting standards could have a material effect on the accompanying consolidated financial statements. As new accounting pronouncements are issued, we will adopt those that are applicable under the circumstances.

Going Concern Uncertainty

Going Concern Uncertainty	12 Months Ended
	Dec. 31, 2023
Going Concern Uncertainty
Going Concern Uncertainty	Note 3 – Going Concern Uncertainty The Company has an accumulated deficit of approximately $ 2,362,440 6,800,000 5,835,000 Management believes the net proceeds from the IPO will be sufficient to meet its cash, operational and liquidity requirements for at least 12 While management of the Company believes that it will be successful in its capital formation and planned operating activities, there can be no assurance that the Company will be able to raise additional equity capital or be successful in the development and commercialization of the products it develops or initiates collaboration agreements thereon. The accompanying financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern.

Accounts Payable and Accrued Ex

Accounts Payable and Accrued Expenses	12 Months Ended
	Dec. 31, 2023
Payables and Accruals [Abstract]
Accounts Payable and Accrued Expenses	Note 4 – Accounts Payable and Accrued Expenses Accounts payable and accrued expenses consist of the following as of: December 31, December 31, Accrued professional fees $ 157,338 $ — Other accrued expenses 13,126 14,688 Total $ 170,464 $ 14,688

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2023
Related Party Transactions
Related Party Transactions	Note 5 – Related Party Transactions Note Payable Due to Related Party In February of 2023, the Company borrowed $ 260,000 8 19,500 Due to Related Parties Due to related parties represents approximately $ 28,000 3,000 Other Related Party Transactions The Company’s Chief Executive Officer (“CEO”) is also the CEO of Pinstripe Entertainment, Inc. (“Pinstripe”). The Company made payments to the CEO and Pinstripe totaling approximately $ 202,000 The Company has an agreement for Alexander Alexandrov to serve as the Chief Technology Officer of the Company. Mr. Alexandrov owns Pixel Colony, LLC (see Note 7). Pixel Colony, LLC and Mr. Alexandrov provided services to the Company during the year ended December 31, 2023 and received payment from the Company totaling approximately $ 16,000 The Company also paid certain shareholders of the Company for consulting and other services performed during the year ended December 31, 2023 totaling approximately $ 53,000 The Company has an agreement with Face Rebel, LLC., to provide various certain consulting services. Face Rebel’s CEO, Keith Fredriksen, is Secretary and a director of the Company. During 2023, the Company paid Face Rebel approximately $85,000 for services provided (see Note 7). The CEO of K2 Gamer, Muhammad Jamal Qureshi, owns approximately 5 7 68,000 3,000 During 2023, K2 Gamer made an advanced rent payment of approximately $60,000 to a Director of K2 Gamer for use of a building owned by the Director. The rent for the building approximates $6,000 per year for the next 10 years starting in January 2024 and the advanced funds are not refundable. At December 31, 2023, approximately $54,000 of this amount was recorded in other long-term assets and $6,000 was included in prepaid expenses and other current assets.

Stockholders_ Equity

Stockholders’ Equity	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Stockholders’ Equity	Note 6 - Stockholders’ Equity Preferred Stock The Company has authorized the issuance of 10,000,000 0.0001 nil Common Stock The Company has authorized the issuance of 100,000,000 0.0001 25,579,319 During October 2023, the Company the Company raised gross proceeds of approximately $ 6,800,000 5,835,000 225,000 In addition, the Company issued warrants to the underwriters (“IPO Warrants”) to purchase up to 170,000 shares of the Company’s common stock at an exercise price of $5.20 per share. The warrants have a term of five years. The estimated fair value of the IPO Warrants approximated $552,000. The IPO Warrants are recorded as stock issuance costs but the net impact to the Company’s equity from the issuance of these warrants is nil since these warrants are classified as equity. The Company utilized the Black-Scholes option-pricing model to value the IPO Warrants issued. The following table summarizes the assumptions used for estimating the fair value of the IPO Warrants issued in 2023: Schedule of fair value of the IPO Warrants issued in 2023 Expected dividend yield — Risk-free interest rate 4.7 % Expected volatility 118 % Expected life (years) 5

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 7 – Commitments and Contingencies Assignment and Consulting Agreement Between ESP and K2 Gamer Pursuant to an Assignment and Consulting Agreement effective as of January 1, 2022, ESP has assigned its esports rights under a certain Memorandum of Understanding (“MOU”) to K2 Gamer, but remains a holder of the rights. Each of ESP and K2 Gamer is entitled to the esports rights and responsible for the obligations of ESP pursuant to the MOU, but any exercise of the rights or obligations by ESP is subject to the approval of K2 Gamer. K2 Gamer has agreed to provide or cause to be provided funding necessary for the exploitation of rights and the engagement of employees and third parties authorized by K2 Gamer, as well as such compensation as is reasonably determined from time to time. The agreement shall continue until the termination of the MOU. Spivak Management Inc. Consulting Agreement Pursuant to an agreement dated December 1, 2022, the Company has agreed to pay to Spivak Management Inc. (“SMI”) $ 240,000 Agreement with Face Rebel, LLC On December 29, 2022, the Company entered into a consulting agreement with Face Rebel, LLC., to provide various services and support, including creating marketing materials to promote the Company and educate potential business partners about the Company, research, copywriting, design & layout, photo color correction & manipulation, illustrations, revisions, and computer back-up of files. In addition, Face Rebel will assist the Company’s IP attorney with the necessary materials to file US registrations and will assist outside vendors with artistic direction and files needed to complete their tasks. Face Rebel will receive $ 16,000 Kurt Warner Consulting Agreement In February 2023, the Company entered into an agreement with Kurt Warner for his assistance, as an officer, director or other position with the Company, as shall be mutually agreed, commencing on the first of the month after completion of the IPO and continuing for two years for his services. Mr. Warner will receive $ 5,000 Letter of Intent with Nick Venezia In February 2023, the Company entered into a Letter of Intent with Nick Venezia and Social Outlier (collectively “Social Outlier”) pursuant to which, subject to the negotiation and execution of a definitive agreement, the Company and Social Outlier would form a new company (“Newco”) to design and implement data collection and evaluation, engine and platform focused on the Pakistan population. Newco would be 80% owned by the Company and 20% owned by Social Outlier, and the Company would make a financial commitment to Newco in the aggregate amount of $200,000, payable in four quarterly installments of $50,000 beginning upon the latter of when a definitive agreement is signed or the completion of the IPO by the Company. Mr. Venezia will serve as Chief Technical Data Officer of the Company on a part-time basis. During 2023, the Company paid Social Outlier approximately $310,000 for services provided to the Company. Agreement with Pixel Colony, LLC In February 2023, the Company entered into a binding MOU with Pixel Colony, LLC (“Pixel”) pursuant to which Pixel will develop and maintain the GAMER Core Platform. The "GAMER Core Platform" is a web platform that will allow the Company to create customized profiles for schools and universities with whom the Company partners. The Company plans to also use the platform to conduct championships/tournaments; host / stream online events, record/display game scores and player statistics and sell tickets and merchandise through the platform and leverage the audience and features into social interactions between the users as well and expand the platform. Pixel may utilize third party developers and hardware. Pixel will provide development services for the GAMER Core Platform, including without limitation ideation, architecture and development services and integration of third-party software. The parties will develop a mutually agreed upon set of features, budget and timeline. Pixel also will be available to provide ongoing development and maintenance to the Company under terms to be negotiated in good faith. The Company is obligated to set aside approximately $ 1.2 100 Legal From time to time, the Company may be involved in various litigation matters, which arise in the ordinary course of business. There is currently no litigation that management believes will have a material impact on the financial position of the Company.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Note 8 – Income Taxes Significant components of the Company’s noncurrent deferred tax assets and liabilities as of December 31, consist of the following: 2023 2022 Deferred tax assets: Net operating loss carryforwards $ 5,500 $ — Capitalized start-up costs 559,500 137,400 Valuation allowance (565,000 ) (137,400 ) Total deferred tax assets, noncurrent — — Total deferred tax liabilities, noncurrent — — Total net deferred tax assets and liabilities $ — $ — Deferred income taxes are provided based on the provisions of ASC Topic 740, “Accounting for Income Taxes”, to reflect the tax consequences in future years of differences between the tax basis of assets and liabilities and their financial reporting amounts based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Income taxes computed at the statutory federal income tax rate of 21% are reconciled to the provision for income taxes as follows: 2023 2022 Amount % of Amount % of Income tax benefit at statutory rate $ (431,600 ) 21.0 % $ (65,500 ) 21.0 % State income taxes, net of federal benefit (82,200 ) 4.0 % (24,900 ) 8.0 % Permanent differences 66,100 (3.2 )% (47,000 ) 15.1 % Other 20,100 (1.0 )% — 0.0 % Change in valuation allowance $ 427,600 (20.8 )% $ 137,400 (44.1 )% Provision for income tax benefit $ — 0.0 % $ — 0.0 % The Company periodically evaluates the likelihood of the realization of deferred tax assets, and adjusts the carrying amount of the deferred tax assets by the valuation allowance to the extent the future realization of the deferred tax assets is not judged to be more likely than not. The Company considers many factors when assessing the likelihood of future realization of its deferred tax assets, including its recent cumulative earnings experience by taxing jurisdiction, expectations of future taxable income or loss, the carryforward periods available to the Company for tax reporting purposes, and other relevant factors. At December 31, 2023 and 2022, the Company has provided a full valuation allowance against its net deferred assets in the United States (“U.S.”) and Pakistan tax jurisdictions, since realization of these benefits is not more likely than not. The valuation allowance increased approximately $428,000 and $137,000 in 2023 and 2022, respectively. At December 31, 2023, the Company had U.S. federal net operating loss carryforwards of approximately $20,000, which will carry forward indefinitely. At December 31, 2023, the Company had U.S. state net operating loss carryforwards of approximately $20,000, which will begin to expire in 2038. At December 31, 2023, the Company had foreign net operating loss carryforwards of approximately $3,000, which begin to expire in 2029. The Company had no unrecognized tax benefits as of December 31, 2023 and 2022. The Company does not anticipate a significant change in total unrecognized tax benefits within the next 12 months. Tax years 2021 to 2022 remain open to examination by the major taxing jurisdictions to which the Company is subject.

General and Administrative Expe

General and Administrative Expense	12 Months Ended
	Dec. 31, 2023
General And Administrative Expense
General and Administrative Expense	Note 9 – General and Administrative Expense General and administrative costs are expensed as incurred and primarily include personnel costs, public filing fees, travel expenses, contractor fees, and professional fees. During the year ended December 31, 2023, the Company incurred the following general and administrative costs with certain vendors: Spivak Management Inc. The Company paid Spivak Management Inc. (“SMI”) $ 240,000 ST7 Investments, LLC The Company had an agreement with ST7 Investments, LLC (“ST7”) for the development, technical support, marketing, and upgrades for certain intellectual property and paid ST7 $ 163,000 75,000 Beyond Media During 2023, the Company utilized Beyond Media for marketing awareness campaigns and the Company paid Beyond Media $ 100,000 MZHCI, LLC During 2023, the Company utilized MZHCI, LLC for investor relation services and incurred $ 75,000

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Note 10 – Subsequent Events On June 4, 2024, the Staff of Nasdaq notified Gamer Pakistan Inc. (“Company”) that unless the Company timely requests a hearing before a Hearings Panel (the “Panel”), the Company’s securities will be delisted from The Nasdaq Stock Market for the reasons set forth below. The Company timely requested a hearing before the Panel, which hearing will be held on July 18, 2024. Nasdaq has granted the Company’s request that any trading suspension or delisting action be stayed through the hearing date. Pursuant to the Nasdaq Listing Rules, the Panel may grant an additional extension period. However, there can be no assurance that the Panel will grant the Company an additional extension, or that the Company will be able to regain compliance by the end of any additional extension period. The reason for the delisting notice is as follows: On December 4, 2023, Nasdaq had notified the Company that the bid price of its listed security had closed at less than $1 per share over the previous 30 consecutive business days, and, as a result, did not comply with Listing Rule 5550(a)(2) (the “Rule”). In accordance with Listing Rule 5810(c)(3)(A), the Company was provided 180 calendar days, or until June 3, 2024, to regain compliance with the Rule. The Company has not regained compliance with the Rule and is not eligible for a second 180 day period, because the Company does not meet the $ 5,000,000 Separately, on April 18 and May 17, 2024, the Staff notified the Company that since it failed to file the Form 10-K for the year ended December 31, 2023, and the Form 10-Q for the period ended March 31, 2024, the Company no longer met the filing requirement for continued listing on The Nasdaq Stock Market set forth under Listing Rule 5250(c)(1). In light of the foregoing and in accordance with Listing Rule 5810(c)(2)(A), the Staff cannot accept a plan to regain compliance. As such, these matters are an additional and separate basis for delisting the Company’s securities from The Nasdaq Stock Market.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions. 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. Significant estimates in the accompanying financial statements include valuation allowance on deferred tax assets.
Cash Equivalents	Cash Equivalents For the purpose of the statement of cash flows, cash equivalents include time deposits, certificate of deposits, and all highly-liquid debt instruments with original maturities of three months or less. As of December 31, 2023 and 2022, the Company did not have any cash equivalents.
Restricted Cash	Restricted Cash As part of its agreement with the underwriters for the Company’s initial public offering (“IPO”), the Company is required to maintain $400,000 in an escrow account for up to 24 months from the closing of the IPO. Therefore, these funds are recorded as restricted cash as of December 31, 2023 and are a noncurrent asset as this restriction will expire by October 2025. The following table provides a reconciliation of cash and restricted cash reported within the balance sheets that sum to the total of the same such amounts shown in the statements of cash flows: Schedule of a reconciliation of cash and restricted cash 2023 2022 Cash $ 3,371,123 $ 90,277 Restricted cash 400,000 — Total cash and restricted cash shown in the statements of cash flows $ 3,771,123 $ 90,277
Deferred Offering Costs	Deferred Offering Costs Deferred offering costs are amounts incurred that are directly related to the offering of the Company’s common stock. These costs will be offset against the proceeds from the Company’s equity offering. The Company had approximately $ 162,000
Fair Value of Financial Instruments	Fair Value of Financial Instruments For certain of the Company’s financial instruments, including cash, restricted cash and accounts payable, the carrying amounts approximate their fair values due to their short maturities. FASB ASC Topic 820, Fair Value Measurements and Disclosures Financial Instruments ● Level 1 inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets. ● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets in inactive markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ● Level 3 inputs to the valuation methodology us one or more unobservable inputs which are significant to the fair value measurement. The Company analyzes all financial instruments with features of both liabilities and equity under FASB ASC Topic 480, Distinguishing Liabilities from Equity Derivatives and Hedging As of December 31, 2023 and 2022, the Company did not identify any assets or liabilities required to be presented on the balance sheet at fair value.
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments, which potentially subject the Company to concentrations of credit risk, consist of cash and restricted cash. The Company places its cash with high quality financial institutions and at times may exceed the Federal Deposit Insurance Corporation $ 250,000
Revenue	Revenue The Company records revenue in accordance with Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers ● Step 1: Identify the contract with the customer ● Step 2: Identify the performance obligations in the contract ● Step 3: Determine the transaction price ● Step 4: Allocate the transaction price to the performance obligations in the contract ● Step 5: Recognize revenue when the company satisfies a performance obligation In order to identify the performance obligations in a contract with a customer, the Company assesses the promised goods or services in the contract and identifies each distinct promised good or service. If a good or service is not distinct, the good or service is combined with other promised goods or services until a bundle of goods or services is identified as distinct. The transaction price is the amount of consideration to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer. The consideration promised in a contract with a customer may include fixed amounts, variable amounts, or both. Variable consideration is included in the transaction price only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is subsequently resolved. The Company evaluates any noncash consideration, consideration payable to the customer, potential returns and refunds, and whether consideration contains a significant financing element in determining the transaction price. Revenue is measured based on consideration specified in a contract with a customer. The Company recognizes revenue when it satisfies a performance obligation by transferring control over a service to its customer. During 2023, the Company’s revenue consisted of commissions recognized by K2 Gamer for the delivery of certain products. The total revenue for 2023 was immaterial.
Income Taxes	Income Taxes The Company accounts for income taxes in accordance with ASC Topic 740, Income Taxes Under ASC 740, a tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The Company has no material uncertain tax positions for any of the reporting periods presented.
Basic and Diluted Earnings Per Share	Basic and Diluted Earnings Per Share Earnings per share is calculated in accordance with ASC Topic 260, Earnings Per Share There were 170,000 no
Recent Accounting Pronouncements	Recent Accounting Pronouncements During 2023, the Company adopted Accounting Standards Update No. 2016-13 (“ASU 2016-13”), Financial Instruments-Credit Losses Management does not believe that any recently issued, but not yet effective, accounting standards could have a material effect on the accompanying consolidated financial statements. As new accounting pronouncements are issued, we will adopt those that are applicable under the circumstances.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Schedule of a reconciliation of cash and restricted cash	The following table provides a reconciliation of cash and restricted cash reported within the balance sheets that sum to the total of the same such amounts shown in the statements of cash flows: Schedule of a reconciliation of cash and restricted cash 2023 2022 Cash $ 3,371,123 $ 90,277 Restricted cash 400,000 — Total cash and restricted cash shown in the statements of cash flows $ 3,771,123 $ 90,277

Accounts Payable and Accrued _2

Accounts Payable and Accrued Expenses (Tables)	12 Months Ended
	Dec. 31, 2023
Payables and Accruals [Abstract]
Accounts payable and accrued expenses consist of the following as of:	Accounts payable and accrued expenses consist of the following as of: December 31, December 31, Accrued professional fees $ 157,338 $ — Other accrued expenses 13,126 14,688 Total $ 170,464 $ 14,688

Stockholders_ Equity (Tables)

Stockholders’ Equity (Tables)	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Schedule of fair value of the IPO Warrants issued in 2023	The following table summarizes the assumptions used for estimating the fair value of the IPO Warrants issued in 2023: Schedule of fair value of the IPO Warrants issued in 2023 Expected dividend yield — Risk-free interest rate 4.7 % Expected volatility 118 % Expected life (years) 5

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Significant components of the Company’s noncurrent deferred tax assets and liabilities as of December 31, consist of the following:	Significant components of the Company’s noncurrent deferred tax assets and liabilities as of December 31, consist of the following: 2023 2022 Deferred tax assets: Net operating loss carryforwards $ 5,500 $ — Capitalized start-up costs 559,500 137,400 Valuation allowance (565,000 ) (137,400 ) Total deferred tax assets, noncurrent — — Total deferred tax liabilities, noncurrent — — Total net deferred tax assets and liabilities $ — $ —
Income taxes computed at the statutory federal income tax rate of 21% are reconciled to the provision for income taxes as follows:	Income taxes computed at the statutory federal income tax rate of 21% are reconciled to the provision for income taxes as follows: 2023 2022 Amount % of Amount % of Income tax benefit at statutory rate $ (431,600 ) 21.0 % $ (65,500 ) 21.0 % State income taxes, net of federal benefit (82,200 ) 4.0 % (24,900 ) 8.0 % Permanent differences 66,100 (3.2 )% (47,000 ) 15.1 % Other 20,100 (1.0 )% — 0.0 % Change in valuation allowance $ 427,600 (20.8 )% $ 137,400 (44.1 )% Provision for income tax benefit $ — 0.0 % $ — 0.0 %

Schedule of a reconciliation of

Schedule of a reconciliation of cash and restricted cash (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Cash	$ 3,371,123	$ 90,277
Restricted cash	400,000
Total cash and restricted cash shown in the statements of cash flows	$ 3,771,123	$ 90,277

Organization and Basis of Pre_2

Organization and Basis of Presentation (Details Narrative)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Description of acquisition of K2 Gamer	The Company determined that K2 Gamer was a variable interest entity and it was the primary beneficiary of K2 Gamer prior to acquiring 90% of K2 Gamer in July 2023. However, the activity in K2 Gamer was immaterial prior to July 2023 and the results of K2 Gamer have only been included in the Company’s results since July 2023. K2 Gamer comprised approximately 1.8% of the Company’s total assets as of December 31, 2023, and 0.1% of the Company’s net loss for the year ended December 31, 2023.

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Deferred offering costs	$ 225,000	$ 162,000
FDIC insured limit	250,000
Warrants outstanding	$ 170,000	$ 0

Going Concern Uncertainty (Deta

Going Concern Uncertainty (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Oct. 31, 2023	Dec. 31, 2023
Going Concern Uncertainty
Accumulated deficit		$ 2,362,440
Gross proceeds from initial public offering	$ 6,800,000
Net proceeds from initial public offering	$ 5,835,000
Maturity period		12 months

Accounts payable and accrued _3

Accounts payable and accrued expenses consist of the following as of: (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Accrued professional fees	$ 157,338
Other accrued expenses	13,126	14,688
Total	$ 170,464	$ 14,688

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Feb. 28, 2023	Dec. 31, 2023	Dec. 31, 2022
Loan from related party	$ 260,000
Interest rate	8%
Accrued interest for notes payable		$ 19,500
Payment receivable from related parties		(260,000)
Payment for services		53,000
Prepaid Expense and Other Assets		$ 3,000
Rent description		During 2023, K2 Gamer made an advanced rent payment of approximately $60,000 to a Director of K2 Gamer for use of a building owned by the Director. The rent for the building approximates $6,000 per year for the next 10 years starting in January 2024 and the advanced funds are not refundable. At December 31, 2023, approximately $54,000 of this amount was recorded in other long-term assets and $6,000 was included in prepaid expenses and other current assets.
Elite Sports Pakistan [Member]
Payment for services		$ 68,000
Pixel Colony LLC [Member]
Payment for services		1,200,000
Stockholder [Member]
Increase (Decrease) in Due to Related Parties		28,000
Director [Member]
Increase (Decrease) in Due to Related Parties		$ 3,000
Chief Executive Officer [Member] | K2 Gamer [Member]
Percentage of ownership owns		5%
Chief Executive Officer [Member] | Elite Sports Pakistan [Member]
Percentage of ownership owns		7%
Chief Executive Officer [Member] | Pin Stripe Entertainment Inc [Member]
Compensation for services charges		$ 202,000
Chief Technology Officer [Member] | Pixel Colony LLC [Member]
Payment receivable from related parties		$ 16,000

Schedule of fair value of the I

Schedule of fair value of the IPO Warrants issued in 2023 (Details)	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Expected dividend yield
Risk-free interest rate	4.70%
Expected volatility	118%
Expected life (years)	5 years

Stockholders_ Equity (Details N

Stockholders’ Equity (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Oct. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Subsidiary, Sale of Stock [Line Items]
Preferred stock, shares authorized		10,000,000	10,000,000
Preferred stock, par value (in dollars per share)		$ 0.0001	$ 0.0001
Preferred Stock, Shares Issued		0	0
Preferred stock, shares outstanding		0	0
Common stock, shares authorized		100,000,000	100,000,000
Common stock, par value (in dollars per share)		$ 0.0001	$ 0.0001
Common stock, shares, outstanding		25,579,319	23,879,319
Common Stock, Shares, Issued		25,579,319	23,879,319
Gross proceeds from initial public offering	$ 6,800,000
Net proceeds from initial public offering	$ 5,835,000
Deferred offering costs		$ 225,000	$ 162,000
IPO [Member]
Subsidiary, Sale of Stock [Line Items]
IPO warrants description		In addition, the Company issued warrants to the underwriters (“IPO Warrants”) to purchase up to 170,000 shares of the Company’s common stock at an exercise price of $5.20 per share. The warrants have a term of five years. The estimated fair value of the IPO Warrants approximated $552,000. The IPO Warrants are recorded as stock issuance costs but the net impact to the Company’s equity from the issuance of these warrants is nil since these warrants are classified as equity.

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative)	12 Months Ended
	Dec. 31, 2023 USD ($)
Related Party Transaction [Line Items]
Consulting services charges	$ 53,000
Spivak Management Inc [Member]
Related Party Transaction [Line Items]
Consulting services charges	240,000
Face Rebel [Member]
Related Party Transaction [Line Items]
Proceeds from professional fees per month	16,000
Mr Warner [Member]
Related Party Transaction [Line Items]
Proceeds from professional fees per month	$ 5,000
Nick Venezia [Member]
Related Party Transaction [Line Items]
Description of Newco ownership	Newco would be 80% owned by the Company and 20% owned by Social Outlier, and the Company would make a financial commitment to Newco in the aggregate amount of $200,000, payable in four quarterly installments of $50,000 beginning upon the latter of when a definitive agreement is signed or the completion of the IPO by the Company. Mr. Venezia will serve as Chief Technical Data Officer of the Company on a part-time basis. During 2023, the Company paid Social Outlier approximately $310,000 for services provided to the Company.
Pixel Colony LLC [Member]
Related Party Transaction [Line Items]
Consulting services charges	$ 1,200,000
Interest of CEO in amount	100%

Significant components of the C

Significant components of the Company’s noncurrent deferred tax assets and liabilities as of December 31, consist of the following: (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets:
Net operating loss carryforwards	$ 5,500
Capitalized start-up costs	559,500	137,400
Valuation allowance	(565,000)	(137,400)
Total deferred tax assets, noncurrent
Total deferred tax liabilities, noncurrent
Total net deferred tax assets and liabilities

Income taxes computed at the st

Income taxes computed at the statutory federal income tax rate of 21% are reconciled to the provision for income taxes as follows: (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income tax benefit at statutory rate	$ (431,600)	$ (65,500)
Income tax benefit at statutory rate	21%	21%
State income taxes, net of federal benefit	$ (82,200)	$ (24,900)
State income taxes, net of federal benefit	4%	8%
Permanent differences	$ 66,100	$ (47,000)
Permanent differences	(3.20%)	15.10%
Other	$ 20,100
Other	(1.00%)	0%
Change in valuation allowance	$ 427,600	$ 137,400
Change in valuation allowance	(20.80%)	(44.10%)
Provision for income tax benefit
Provision for income tax benefit	0%	0%

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Tax Examination, Description	The valuation allowance increased approximately $428,000 and $137,000 in 2023 and 2022, respectively. At December 31, 2023, the Company had U.S. federal net operating loss carryforwards of approximately $20,000, which will carry forward indefinitely. At December 31, 2023, the Company had U.S. state net operating loss carryforwards of approximately $20,000, which will begin to expire in 2038. At December 31, 2023, the Company had foreign net operating loss carryforwards of approximately $3,000, which begin to expire in 2029.	The valuation allowance increased approximately $428,000 and $137,000 in 2023 and 2022, respectively. At December 31, 2023, the Company had U.S. federal net operating loss carryforwards of approximately $20,000, which will carry forward indefinitely. At December 31, 2023, the Company had U.S. state net operating loss carryforwards of approximately $20,000, which will begin to expire in 2038. At December 31, 2023, the Company had foreign net operating loss carryforwards of approximately $3,000, which begin to expire in 2029.

General and Administrative Ex_2

General and Administrative Expense (Details Narrative)	12 Months Ended
	Dec. 31, 2023 USD ($)
General And Administrative Expense
Business Consulting Fees	$ 240,000
Intellectual Marketing Fees	163,000
Pursuant Agreement Fees	75,000
Media Service Fees	100,000
Incurred Investor Service	$ 75,000

Subsequent Events (Details Narr

Subsequent Events (Details Narrative)	12 Months Ended
	Dec. 31, 2023 USD ($)
Subsequent Events [Abstract]
Stockholders Distinct Files	$ 5,000,000