NOTE C - SIGNIFICANT ACCOUNTING POLICIES

Revenue recognition (ASC 606). The Company recognizes revenue from home inspection and labor services at a point in time, when the performance obligation is satisfied - typically upon completion and customer acceptance of the inspection or labor service. Washington State Sales Tax (WST 8.8%) collected on behalf of the Washington Department of Revenue is excluded from revenue and recorded as a liability (net presentation under ASC 606-10-32-2A).

Consolidation. The condensed consolidated financial statements include BestGofer, Inc. and its wholly-owned subsidiary LHIS. All intercompany balances and transactions have been eliminated.

Goodwill (ASC 350-20). Goodwill of $78,754 originally recognized in the LHIS acquisition was fully impaired in the three months ended February 28, 2026. Carrying amount at May 31, 2026 is $0.

Cash and cash equivalents. All consolidated cash flows during Q2 FY2026 occurred through the subsidiary's operating bank account; the parent (BestGofer) holds no operating bank account.

Allowance for credit losses (ASC 326-20). The Company assesses receivables for expected credit losses at each reporting date.

Use of estimates. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect reported amounts. Actual results may differ.

Income taxes. The Company is a Nevada C-corporation. LHIS is a single-member LLC and a disregarded entity for U.S. federal income tax purposes.

Earnings (loss) per share (ASC 260). Basic loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted loss per share equals basic loss per share, as the Company has no potentially dilutive securities outstanding.

Operating segments. The Company has two operating segments: (i) home inspection services, conducted through its wholly-owned subsidiary LHIS, and (ii) the BestGofer delivery platform, a consumer-delivery application that remains in development and is pre-operational. Substantially all of the Company’s revenue, expenses, and assets during the periods presented relate to the home inspection segment; the delivery platform segment generated no revenue and held no material assets during the periods presented. The Company’s chief operating decision maker (the President and Chief Executive Officer) reviews financial information on a consolidated basis. All of the Company's revenue is earned, and all of its long-lived assets are located, in the United States.

Substantially all of the Company’s assets relate to the home inspection segment; the delivery platform segment held no material assets during the periods presented.

Fair value of financial instruments (ASC 820). The carrying amounts of the Company’s financial instruments, including cash, receivables, and payables, approximate fair value due to their short-term nature. The Company has not elected the fair value option for any financial instrument.

Recent accounting pronouncements. The Company has reviewed recently issued accounting pronouncements, including ASU 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements, and ASU 2025-12, Codification Improvements, and does not believe their adoption will have a material impact on its condensed consolidated financial statements.