Ranger Gold Corp. Files Q1 2025 10-Q
Ticker: RNGC · Form: 10-Q · Filed: Aug 19, 2024 · CIK: 1434740
| Field | Detail |
|---|---|
| Company | Ranger Gold Corp. (RNGC) |
| Form Type | 10-Q |
| Filed Date | Aug 19, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $20,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, mining
TL;DR
Ranger Gold's Q1 2025 10-Q is in. Check financials.
AI Summary
Ranger Gold Corp. filed its 10-Q for the period ending June 30, 2024. The company, previously known as FENARIO INC, is involved in gold and silver ores. Its fiscal year ends on March 31st. The filing details financial information for the first quarter of fiscal year 2025.
Why It Matters
This filing provides investors with an update on Ranger Gold Corp.'s financial performance and position as of the end of the first quarter of fiscal year 2025.
Risk Assessment
Risk Level: low — This is a standard quarterly filing with no immediate red flags or significant new disclosures.
Key Numbers
- $500,000,000 — Total Assets (As of the end of the reporting period (Q1 2025))
- $248,020,000 — Total Liabilities (As of the end of the reporting period (Q1 2025))
Key Players & Entities
- Ranger Gold Corp. (company) — Filer of the 10-Q
- FENARIO INC (company) — Former name of Ranger Gold Corp.
- 20240630 (date) — End of reporting period
- 20240819 (date) — Filing date
FAQ
What is Ranger Gold Corp.'s primary business activity?
Ranger Gold Corp. is involved in GOLD & SILVER ORES, as indicated by its Standard Industrial Classification code.
When does Ranger Gold Corp.'s fiscal year end?
Ranger Gold Corp.'s fiscal year ends on March 31st.
What is the reporting period covered by this 10-Q filing?
This 10-Q filing covers the period ending June 30, 2024, which corresponds to the first quarter of fiscal year 2025.
What was Ranger Gold Corp.'s former name?
Ranger Gold Corp. was formerly known as FENARIO INC, with a date of name change on May 9, 2008.
What are the total assets and liabilities reported for the period ending June 30, 2024?
As of June 30, 2024, Ranger Gold Corp. reported total assets of $500,000,000 and total liabilities of $248,020,000.
Filing Stats: 4,606 words · 18 min read · ~15 pages · Grade level 15.2 · Accepted 2024-08-19 12:11:28
Key Financial Figures
- $20,000 — eration for services rendered valued at $20,000. As of the date of this Report, Mr. Gla
Filing Documents
- rngr_10q.htm (10-Q) — 276KB
- rngr_ex311.htm (EX-31.1) — 12KB
- rngr_ex312.htm (EX-31.2) — 12KB
- rngr_ex321.htm (EX-32.1) — 3KB
- 0001477932-24-005079.txt ( ) — 1381KB
- rngr-20240630.xsd (EX-101.SCH) — 16KB
- rngr-20240630_lab.xml (EX-101.LAB) — 96KB
- rngr-20240630_cal.xml (EX-101.CAL) — 19KB
- rngr-20240630_pre.xml (EX-101.PRE) — 70KB
- rngr-20240630_def.xml (EX-101.DEF) — 13KB
- rngr_10q_htm.xml (XML) — 83KB
— FINANCIAL INFORMATION
PART I — FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS Ranger Gold Corp. Balance Sheets As of As of June 30, 2024 (Unaudited) March 31, 2024 (Audited) CURRENT ASSETS $ - $ - TOTAL CURRENT ASSETS - - TOTAL ASSETS $ - $ - LIABILITIES CURRENT LIABILITIES Accounts Payable 256 - TOTAL CURRENT LIABILITIES 256 - TOTAL LIABILITIES 256 - COMMITMENTS AND CONTINGENCIES $ - $ - STOCKHOLDER'S EQUITY Common stock ($ 0.0001 par value; 500,000,000 shares authorized; 248,020,000 and 248,020,000 shares issued and outstanding at June 30, 2024 and March 31, 2024, respectively) 24,802 24,802 Preferred stock ($ 0.0001 par value; 5,000,000 shares authorized; no shares issued and outstanding at June 30, 2024 and March 31, 2024, respectively) - - Additional Paid in Capital 1,151,781 1,144,488 Accumulated Deficit ( 1,176,839 ) ( 1,169,290 ) TOTAL STOCKHOLDER'S EQUITY (DEFICIT) ( 256 ) - TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY/(DEFICIT) $ - $ - The accompanying notes are an integral part of these financial statements. 2 Ranger Gold Corp. For the Three Months Ended June 30, 2024 (Unaudited) 2023 (Unaudited) Sales $ - $ - Total Revenue $ - $ - EXPENSES: Selling, General and Administrative - - Filing Fees 1,089 75 Professional Fees 6,460 7,650 Total Expense 7,549 7,725 Loss from operations $ ( 7,549 ) $ ( 7,725 ) Other Income/(Loss) Income on Extinguishment of Debt $ - $ - Provision for Income Taxes $ - $ - NET LOSS $ ( 7,549 ) $ ( 7,725 ) Weighted average common shares outstanding, basic and fully diluted 248,020,000 248,020,000 Basic and fully diluted net loss per common share: $ ( 0.00 ) $ ( 0.00 ) The accompanying notes are an integral part of these financial statements. 3 Ranger Gold Corp. For the Three Months Ended June 30, 2024 (Unaudited) 2023 (Unaudited) CAS
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Forward Looking Statements
Forward Looking Statements The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our financial statements and related notes appearing elsewhere in this Quarterly Report on Form 10-Q, or Report. The information in this discussion and elsewhere in this Report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Such statements are based upon current expectations that involve risks and uncertainties. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. For example, the words "may," "will," "believe," "anticipate," "plan," "expect," "intend," "could," "estimate," "continue" and similar expressions or variations identify forward-looking statements. Although we believe that we have a reasonable basis for each forward-looking statement contained in this Report, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. We caution you that forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity, and the development of the industry in which we operate may differ materially from the forward-looking statements contained in this Report. Factors that might cause such a discrepancy include, but are not limited to: Our ability to obtain financing as and when needed on acceptable terms. Our management's inexperience in the mining industry. Our lack of mining properties and the difficulties we will encounter in identifying and completing due diligence on mining properties and negotiating deals to acquire mining properties at attractive valuations. Our ability