First America Resources Corp Files 10-Q/A
Ticker: FSTJ · Form: 10-Q/A · Filed: Jun 6, 2024 · CIK: 1525306
Sentiment: neutral
Topics: amendment, 10-Q, financials
TL;DR
First America Resources Corp filed an amended 10-Q for Q3 2024. Check financials.
AI Summary
First America Resources Corp filed an amended 10-Q for the period ending March 31, 2024. The filing, dated June 6, 2024, provides updated financial information. The company's fiscal year ends on June 30th, and this filing pertains to their third quarter of fiscal year 2024.
Why It Matters
This amended filing provides updated financial disclosures for investors and stakeholders, ensuring transparency in the company's financial reporting.
Risk Assessment
Risk Level: low — This filing is an amendment to a standard quarterly report and does not appear to contain significant new risks or negative developments.
Key Numbers
- 500,000,000 — Authorized Shares (Indicates the total number of shares the company is authorized to issue.)
- 7,964,090 — Outstanding Shares (Represents the number of shares currently held by investors.)
Key Players & Entities
- First America Resources Corp (company) — Filer of the 10-Q/A
- 20240331 (date) — Conformed period of report
- 20240606 (date) — Filed as of date
- Jian Li (person) — Officer and Director
FAQ
What is the purpose of this 10-Q/A filing?
This filing is an amendment to the previously filed 10-Q for the period ending March 31, 2024, indicating updated or corrected information is being provided.
What period does this amended filing cover?
The amended filing covers the period ending March 31, 2024, which is the third quarter of the company's fiscal year.
When was this amended filing submitted?
The filing was submitted on June 6, 2024.
Who is listed as an officer or director in the filing details?
Jian Li is listed as an officer and director, with multiple entries related to their roles and reporting periods.
What is the company's fiscal year end?
The company's fiscal year ends on June 30th.
Filing Stats: 4,642 words · 19 min read · ~15 pages · Grade level 13.8 · Accepted 2024-06-06 09:17:11
Key Financial Figures
- $100,500 — the company received a cash infusion of $100,500 from its President, Mr. Jian Li to full
Filing Documents
- fstj_10q.htm (10-Q/A) — 447KB
- fstj_ex311.htm (EX-31.1) — 10KB
- fstj_ex321.htm (EX-32.1) — 4KB
- 0001477932-24-003524.txt ( ) — 1784KB
- fstj-20240331.xsd (EX-101.SCH) — 18KB
- fstj-20240331_lab.xml (EX-101.LAB) — 107KB
- fstj-20240331_cal.xml (EX-101.CAL) — 23KB
- fstj-20240331_pre.xml (EX-101.PRE) — 88KB
- fstj-20240331_def.xml (EX-101.DEF) — 29KB
- fstj_10q_htm.xml (XML) — 157KB
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION Item 1.
Financial Statements
Financial Statements F-1 Item 2.
Management's Discussion and Analysis or Plan of Operation
Management's Discussion and Analysis or Plan of Operation. 4 Item 3. Quantitative and Qualitative Disclosure about Market Risk. 9 Item 4.
Controls and Procedures
Controls and Procedures. 9
- OTHER INFORMATION
PART II - OTHER INFORMATION Item 1. Legal Proceedings. 10 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 10 Item 3. Defaults Upon Senior Securities. 10 Item 4. Mine Safety Disclosures. 10 Item 5. Other Information. 10 Item 6. Exhibits. Exhibits 11 3 Table of Contents
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
- FINANCIAL STATEMENTS
ITEM 1 - FINANCIAL STATEMENTS First America Resources Corporation
Financial Statements (Unaudited)
Financial Statements (Unaudited) Contents Balance Sheet- March 31, 2024 (unaudited) and June 30, 2023 (audited) F-2 F-3 F-4 F-5 Notes to Unaudited Financial Statements F-6 F-1 Table of Contents FIRST AMERICA RESOURCES CORPORATION BALANCE SHEET March 31, June 30, 2024 Unaudited 2023 Audited ASSETS Current assets: Cash and cash equivalents $ 43,006 $ 97,226 Prepaid Expense 25,000 Accounts Receivable $ - Total Current Assets 68,006 97,226 TOTAL ASSETS $ 68,006 $ 97,226 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities: Accounts payable $ 3,412 $ 100 Loan from officers 228,933 228,933 Total Current Liabilities 232,345 229,033 Total Liabilities 232,345 229,033 Stockholders' Deficit: Common stock, $ 0.001 par value; 500,000,000 shares authorized; 7,964,090 shares issued and outstanding 7,964 7,964 Additional paid-in capital 291,360 291,360 Accumulated deficit ( 463,663 ) ( 431,131 ) Total stockholders' deficit ( 164,339 ) ( 131,807 ) TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 68,006 $ 97,226 See accompanying notes to financial statements. F-2 Table of Contents FIRST AMERICA RESOURCES CORPORATION Three Months Ended Nine Months Ended March 31, March 31, 2024 Unaudited 2023 Unaudited 2024 Unaudited 2023 Unaudited Revenues $ - $ - $ 3,920 $ - Cost of Goods Sold - - 13,369 - Gross Profit - - ( 9,449 ) - Operating Expenses: Selling, general and administrative expenses 7,400 2,822 23,083 14,068 Total Operating Expenses 7,400 2,822 23,083 14,068 Operating Loss ( 7,400 ) ( 2,822 ) ( 32,532 ) ( 14,068 ) Other in
Management's Discussion and Analysis or Plan of Operation
Item 2. Management's Discussion and Analysis or Plan of Operation. The following discussion of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes, and other financial information included in this Form 10-Q. Our Management's Discussion and Analysis contains not only statements that are historical facts, but also statements that are forward-looking. Forward-looking statements are, by their very nature, uncertain and risky. These risks and uncertainties include international, national, and local general economic and market conditions; our abil