Idaho Copper Corp. Files Q3 2024 10-Q

TL;DR

Idaho Copper Corp. filed its 10-Q for Q3 2025. Check financials.

AI Summary

Idaho Copper Corp. filed its quarterly report for the period ending October 31, 2024. The company, previously known as Joway Health Industries Group Inc. and G2 Ventures Inc., is incorporated in Nevada and operates in the Metal Mining sector. Its principal executive offices are located in Boise, Idaho.

Why It Matters

This filing provides investors with an update on Idaho Copper Corp.'s financial performance and operational status for the third quarter of fiscal year 2025.

Risk Assessment

Risk Level: low — This is a standard quarterly filing with no immediate red flags or significant new information presented.

Key Players & Entities

• Idaho Copper Corp. (company) — Filer
• Joway Health Industries Group Inc. (company) — Former Company Name
• G2 VENTURES INC (company) — Former Company Name
• 20241031 (date) — Reporting Period End Date
• 20241212 (date) — Filing Date

FAQ

Filing Documents

• form10-q.htm (10-Q) — 901KB
• ex31-1.htm (EX-31.1) — 12KB
• ex31-2.htm (EX-31.2) — 12KB
• ex32-1.htm (EX-32.1) — 7KB
• ex32-2.htm (EX-32.2) — 7KB
• form10-q_001.jpg (GRAPHIC) — 21KB
• 0001493152-24-049763.txt ( ) — 5304KB
• copr-20241031.xsd (EX-101.SCH) — 36KB
• copr-20241031_cal.xml (EX-101.CAL) — 42KB
• copr-20241031_def.xml (EX-101.DEF) — 176KB
• copr-20241031_lab.xml (EX-101.LAB) — 299KB
• copr-20241031_pre.xml (EX-101.PRE) — 244KB
• form10-q_htm.xml (XML) — 876KB

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 17 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 19 Item 4.

Controls and Procedures

Controls and Procedures 19 PART II. OTHER INFORMATION 20 Item 1.

Legal Proceedings

Legal Proceedings 20 Item 1A.

Risk Factors

Risk Factors 20 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 20 Item 3. Defaults Upon Senior Securities 20 Item 4. Mine Safety Disclosures 20 Item 5. Other Information 20 Item 6. Exhibits 21

Signatures

Signatures 22 FORWARD LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that involve substantial risks and uncertainties. Forward-looking statements include statements preceded by, followed by or that include the words "may," "could," "would," "should," "believe," "expect," "anticipate," "plan," "estimate," "target," "project," "intend" and similar words or expressions. In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements. Investors should carefully consider all of such risks before making an investment decision with respect to the Company's stock. The following discussion and analysis should be read in conjunction with our condensed consolidated financial statements for Idaho Copper Corporation. Any forward-looking statement made by us in this Form 10Q is based only on information currently available to us and speaks only as of the

financial statements have been prepared assuming that the Company will continue as a going concern

financial statements have been prepared assuming that the Company will continue as a going concern. Use of Estimates The preparation of condensed consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash Cash is comprised of cash balances. Cash is held at major financial institutions and is subject to credit risk to the extent that those balances exceed applicable Federal Deposit Insurance Corporation ("FDIC") insurance amounts of $ 250,000 . From time to time, the Company has certain cash balances, including restricted cash, that may exceed insured limits. The Company utilizes large and reputable banking institutions which it believes mitigates these risks. The Company has not experienced any losses in such accounts. As of October 31, 2024, the Company's cash balance did no t exceed the insurance limits. Stock-Based Compensation The Company accounts for stock-based instruments issued to employees in accordance with ASC Topic 718, Compensation – Stock Compensation, and Certain Redeemable Financial Instruments . Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 718 requires companies to recognize in the statement of operations the grant-date fair value of stock options and other equity-based compensation issued to employees. The value of the portion of an award that is ultimately expected to vest is recognized as an expense over the requisite service periods using the straight-line attribution method. Fair Value of Financial Instruments The book values of cash and accounts payable approximate their respective fair values due to the short-term nature of these

View Full Filing

View this 10-Q filing on SEC EDGAR