Lode-Star Mining Inc. Files 10-Q for Quarter Ended March 31, 2024

TL;DR

<b>Lode-Star Mining Inc. has filed its quarterly report (10-Q) for the period ending March 31, 2024, detailing its financial performance and operational status.</b>

AI Summary

Lode-Star Mining Inc. (FTSP) filed a Quarterly Report (10-Q) with the SEC on May 15, 2024. Lode-Star Mining Inc. filed a 10-Q report for the quarterly period ended March 31, 2024. The company is incorporated in Nevada and its principal executive offices are located in Reno, NV. Lode-Star Mining Inc. was formerly known as International Gold Corp. until March 2, 2005. The filing indicates the company is an emerging growth company and a smaller reporting company. The report covers the period from January 1, 2024, to March 31, 2024.

Why It Matters

For investors and stakeholders tracking Lode-Star Mining Inc., this filing contains several important signals. This 10-Q filing provides investors and analysts with the latest financial data and operational updates for Lode-Star Mining Inc. for the first quarter of 2024. As a smaller reporting and emerging growth company, this filing is crucial for understanding the company's current financial health and strategic direction in the gold and silver ores sector.

Risk Assessment

Risk Level: low — Lode-Star Mining Inc. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate red flags or significant negative developments, indicating a routine disclosure.

Analyst Insight

Review the detailed financial statements and management's discussion and analysis within the 10-Q to assess Lode-Star Mining Inc.'s performance and outlook for the remainder of 2024.

Key Numbers

• 2024-03-31 — Quarterly Period End Date (The report is for the quarterly period ended March 31, 2024.)
• 2024-05-15 — Filing Date (The 10-Q was filed on May 15, 2024.)
• 10-Q — Form Type (The filing is a Quarterly Report on Form 10-Q.)
• 000-53676 — Commission File Number (The SEC commission file number for Lode-Star Mining Inc.)

Key Players & Entities

• Lode-Star Mining Inc. (company) — Filer name and subject of the 10-Q filing.
• March 31, 2024 (date) — End date of the quarterly reporting period.
• 2024-05-15 (date) — Filing date of the 10-Q.
• Reno, NV (location) — Location of the company's principal executive offices.
• International Gold Corp. (company) — Former name of Lode-Star Mining Inc.
• 000-53676 (other) — Commission file number for Lode-Star Mining Inc.

FAQ

Industry Context

Lode-Star Mining Inc. operates in the Gold & Silver Ores industry (SIC 1040). This filing is a standard quarterly report for a company in this sector.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, specifically Section 13 or 15(d), requiring quarterly reporting for public companies.

What Investors Should Do

1. Analyze the financial statements for revenue, net income, and cash flow for Q1 2024.
2. Review any disclosures regarding operational activities, mining projects, or exploration efforts.
3. Assess management's discussion and analysis (MD&A) for insights into future outlook and risks.

Key Dates

• 2024-03-31: Quarterly Period End — Marks the end of the reporting period for the 10-Q.
• 2024-05-15: Filing Date — Date the 10-Q was officially submitted to the SEC.

Year-Over-Year Comparison

This is the first 10-Q filing for the fiscal year 2024, providing an update from the previous year-end report (10-K).

Key Financial Figures

• $8,874 — 024 and 2023. We recorded a net loss of $8,874 for the current quarter and have an acc
• $4,335,137 — rter and have an accumulated deficit of $4,335,137. Expenses Notable year over year di
• $1,898 — t March 31, 2024, our total assets were $1,898 and our total liabilities were $100,222
• $100,222 — e $1,898 and our total liabilities were $100,222. Our working capital deficiency at Marc

Filing Documents

• lsmg-10q.htm (10-Q) — 263KB
• lsmg-ex31_1.htm (EX-31.1) — 11KB
• lsmg-ex32_1.htm (EX-32.1) — 7KB
• 0001199835-24-000195.txt (&nbsp;) — 1141KB
• lsmg-20240331.xsd (EX-101.SCH) — 11KB
• lsmg-20240331_cal.xml (EX-101.CAL) — 16KB
• lsmg-20240331_def.xml (EX-101.DEF) — 11KB
• lsmg-20240331_lab.xml (EX-101.LAB) — 86KB
• lsmg-20240331_pre.xml (EX-101.PRE) — 64KB
• lsmg-10q_htm.xml (XML) — 57KB

SIGNATURES

SIGNATURES 15 2 PART I – FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS. LODE-STAR MINING INC. INTERIM

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED MARCH 31, 2024 AND 2023 (Unaudited) 3 LODE-STAR MINING INC. BALANCE SHEETS (Unaudited) 31-Mar 31-Dec 2024 2023 (Unaudited) ASSETS Current assets Cash $ 1,898 $ 2,474 Total current assets and total assets 1,898 2,474 Total Assets 1,898 2,474 LIABILITIES AND STOCKHOLDERS DEFICIENCY Current liabilities Accounts payable and accrued liabilities $ 19,361 $ 14,689 Due to related parties 80,861 77,235 Total current liabilities and total liabilities 100,222 91,924 Total liabilities 100,222 91,924 STOCKHOLDERS DEFICIENCY Capital Stock Authorized: 480,000,000 voting common shares with a par value of $ 0.001 per share 20,000,000 preferred shares with a par value of $ 0.001 per share Issued: 120,937,442 common shares and no preferred shares at March 31, 2024 120,937,442 common shares and no preferred shares at December 31, 2023 73,757 73,757 Additional Paid-In Capital 4,163,056 4,163,056 Accumulated Deficit ( 4,335,137 ) ( 4,326,263 ) Total stockholders deficiency ( 98,324 ) ( 89,450 ) Total liabilities and stockholders deficiency $ 1,898 $ 2,474 The accompanying notes are an integral part of these unaudited interim financial statements. 4 LODE-STAR MINING INC. OF OPERATIONS (Unaudited) THREE MONTHS ENDED MARCH 31 2024 2023 Revenue $ - $ - Operating Expenses Corporate support services 466 444 Office, foreign exchange and sundry ( 3,459 ) 767 Professional Fees 8,749 456 Transfer and filing fees 3,118 4,488 Total operating expenses 8,874 6,155 Operating Loss ( 8,874 ) ( 6,155 ) Other Items Interest, bank and finance charges - - Total other items - - Net Loss and Comprehensive Loss For The Period $ ( 8,874 ) $ ( 6,155 ) Basic And Diluted Net Loss Per Common Share $ 0.00 $ 0.00 Weighted Average Number of Common Shares Outstanding – Basic and Diluted 120,937,442 120,937,442 The acc

Business

Business The Company has no active business at the present time. We are actively seeking business opportunities to engage in. Funding All of our ongoing operations have continued to be funded by monies advanced to us by Lode-Star Gold INC. (LSG) our largest shareholder. We do not currently have enough funds to carry out our entire plan of operations, so we intend to meet the balance of our cash requirements for the next 12 months through a combination of debt financing and equity financing through private placements. There is no assurance that we will be successful in completing any such financings. If we are unsuccessful in obtaining sufficient funds through our capital raising efforts, we may review other financing options, although we cannot provide any assurance that any such options will be available to us or on terms reasonably acceptable to us. . Regardless, our current cash reserves and working capital will not be sufficient for us to sustain our business for the next 12 months, even if we decide to scale back our operations. 10 ITEM 2. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (continued) Intellectual Property We do not have any intellectual property. Personnel We have no employees. Our President, Chief Executive Officer, Chief Financial Officer, Treasurer, Director and Secretary Mark Walmesley, receives no compensation for his services. We expect to continue to use outside consultants, advisors, attorneys and accountants as necessary. Going Concern There is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our expenses. This is because we have not generated any revenues to-date and we cannot currently estimate the timing of any possible future revenues. Our only source of cash at this time is from loans or investments by others in our common stock. Results of Operations The following summary of our result

SIGNATURES

SIGNATURES In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on this 15th day of May 2024. LODE-STAR MINING INC. BY Mark Walmesley Mark Walmesley President, Principal Executive Officer, and Principal Accounting Officer In accordance with the Exchange Act, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated: Signature Title Date /s/ Mark Walmesley Director, President, Chief Executive Officer May 15, 2024 Mark Walmesley 15 EXHIBIT INDEX Exhibit No. Document Description 31.1 Certification of Principal Executive and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. 32.1 Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for the Chief Executive and Chief Financial Officer. 101.INS Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because XBRL tags are embedded within the Inline XBRL document) 101.SCH Inline XBRL Taxonomy Extension Schema 101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase 101.DEF Inline XBRL Taxonomy Extension Definition Linkbase 101.LAB Inline XBRL Taxonomy Extension Label Linkbase 101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 16

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