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GGTOOR, Inc., (OTCMKTS:GTOR) Announces Management Report for the Week Ended December 11, 2021
GGTOOR, Inc., (OTCMKTS:GTOR) Announces Management Report for the Week Ended December 11, 2021.
About this update from Ggtoor Inc.
[{"type":"text","content":"\n November 30, 2021, Quarter Results vs Same Period 2020 THOMASVILLE, GA, Dec. 13, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- GGTOOR, Inc., (OTCMKTS:GTOR) (“GGTOOR, Inc.”, “GTOR”, or the “Company”), an emerging leader in the eSports markets, announces the Company has completed and filed its Quarterly Financial Disclosure for the period ended November 30, 2021, and when compared to the same period just one year ago today highlights the tremendous growth the Company has experienced. Shareholders should be asking one critical question;  “Is management growing and improving this Company?”  The next couple of paragraphs will provide a comparison of actual results from the quarter ended November 30, 2021, verses the same quarter just one year ago. Although highlighting a single quarter result may not be as dramatic as annual comparisons, the intent is to show shareholders a microcosm of operating results. A microcosm by its very definition is a small subset of a whole that is generally considered to be representative of the whole. By doing a deep dive in quarterly numbers one can draw a conclusion as what to expect annually. Revenues spiked 390% to $22,422 for the three months ended November 30, 2021, verses just $4,579 for the three-month period ended November 30, 2020. Basic and Diluted income (loss) per share improved from (0.01) in 2020, to break even in 2021. Total current assets are up 198% to $120,188 from $40,270. Fixed assets grew 2,218% from $8,780 in 2020 to $203,511 in 2021. Interest expense improved 1,036% from $176,821 for the three months in 2020 to just $15,560 in 2021. Net loss improved by 31% from $458,268 in 2020 to $351,088 in 2021. Employee cost improved by 14% from $172,073 in 2020 to $147,252 in 2021. The Company has maintained a Zero balance for its trade payables consistently since January 2020, meaning all invoices are paid by the Company the day they are received. Perhaps the single biggest impact event during the Quarter ended November 30, 2021, was the resolution of the SGI Group LLC litigation. For new shareholders or those just beginning to follow the Company, in October the Company settled a major litigation action. To recap, on July 12, 2020, SGI Group LLC filed a Motion for Summary Judgment in Lieu of Complaint in New York against ...