Ranger Gold's Losses Mount, Going Concern Doubts Intensify

TL;DR

**RNGC is a zombie company with no revenue, mounting debt, and a going concern warning; avoid at all costs.**

AI Summary

Ranger Gold Corp. (RNGC) reported no revenue for the three and six months ended September 30, 2025, continuing its dormant operational status. The company incurred a net loss of $6,002 for the three months ended September 30, 2025, an increase from a net loss of $4,323 in the prior year's comparable period. For the six months ended September 30, 2025, the net loss was $14,039, up from $11,871 in the same period of 2024. Total liabilities significantly increased to $31,260 as of September 30, 2025, from $20,191 at March 31, 2025, primarily due to increased related-party debt. The accumulated deficit grew to $1,211,175, and the company reported zero cash and cash equivalents. RNGC's ability to continue as a going concern is in substantial doubt, relying on securing additional equity funding and managing overhead. The company borrowed an additional $12,580 from Bryan Glass Securities, Inc. during the six months ended September 30, 2025, bringing the total related-party note payable to $30,027.

Why It Matters

Ranger Gold Corp.'s continued lack of revenue and increasing net losses, coupled with a significant rise in related-party debt, signals severe financial distress. For investors, this filing highlights a highly speculative and risky investment, with substantial doubt about the company's ability to continue operations. Employees and customers are not directly impacted as the company remains dormant. In the broader market, RNGC serves as a cautionary tale of micro-cap companies struggling to establish viable business models, contrasting sharply with active gold exploration or mining firms that generate revenue and demonstrate operational progress.

Risk Assessment

Risk Level: high — The company has an accumulated deficit of $1,211,175 and zero revenue, indicating a complete lack of operational viability. The 'going concern' warning explicitly states substantial doubt about its ability to continue for the next 12 months, supported by cash used in operations of $12,580 and increasing related-party debt of $30,027.

Analyst Insight

Investors should avoid Ranger Gold Corp. given its dormant status, lack of revenue, increasing losses, and explicit going concern warning. The reliance on related-party financing suggests a lack of external funding viability, making it a highly speculative and risky investment with no clear path to profitability.

Financial Highlights

debt To Equity

N/A

revenue

$0

operating Margin

N/A

total Assets

$990

total Debt

$31,260

net Income

$(14,039)

eps

$0.00

gross Margin

N/A

cash Position

$0

revenue Growth

N/A

Revenue Breakdown

Key Numbers

• $0 — Total Revenue (No revenue generated for the three and six months ended September 30, 2025, or 2024.)
• $(14,039) — Net Loss (6 months) (Increased from $(11,871) in the prior year, indicating worsening financial performance.)
• $1,211,175 — Accumulated Deficit (Significant and growing deficit, up from $1,197,136 at March 31, 2025.)
• $31,260 — Total Liabilities (Increased from $20,191 at March 31, 2025, primarily due to related-party debt.)
• $30,027 — Note Payable - Related Party (Increased from $17,447 at March 31, 2025, showing reliance on related-party financing.)
• $0 — Cash and Cash Equivalents (Company has no liquid assets at September 30, 2025.)
• $12,580 — Cash Used in Operating Activities (For the six months ended September 30, 2025, highlighting negative cash flow from operations.)

Key Players & Entities

• Ranger Gold Corp. (company) — issuer of the 10-Q filing
• Bryan Glass Securities, Inc. (company) — related party lender
• Bryan Glass (person) — custodian who reinstated the company
• Nevada (regulator) — state of incorporation
• Fenario, Inc. (company) — former name of Ranger Gold Corp.
• U.S. Securities and Exchange Commission (regulator) — filing authority

FAQ

Risk Factors

• Going Concern Uncertainty [high — financial]: The company's ability to continue as a going concern is in substantial doubt due to zero cash and cash equivalents and a growing accumulated deficit of $1,211,175. Operations are sustained by related-party debt, with total liabilities increasing to $31,260.
• Increasing Net Loss [high — financial]: The net loss for the six months ended September 30, 2025, was $14,039, an increase from $11,871 in the prior year. This worsening performance, without any revenue, highlights significant operational challenges.
• Reliance on Related-Party Financing [high — financial]: Total liabilities have significantly increased to $31,260, driven by a related-party note payable now at $30,027. This dependence on related parties for funding poses a risk if such financing is withdrawn.
• Dormant Operations [high — operational]: Ranger Gold Corp. reported no revenue for the periods presented, continuing its dormant operational status. This lack of revenue generation raises questions about the company's future business prospects and ability to become operational.
• Negative Cash Flow from Operations [high — financial]: The company used $12,580 in cash for operating activities during the six months ended September 30, 2025. This negative cash flow, coupled with zero cash reserves, exacerbates the going concern issue.

Industry Context

The gold mining industry is capital-intensive and subject to volatile commodity prices, regulatory hurdles, and exploration risks. Companies typically focus on exploration, development, and production. Ranger Gold Corp. appears to be in a pre-operational or dormant phase, lacking any revenue-generating activities, which is highly atypical for a company in this sector.

Regulatory Implications

As a publicly traded company, RNGC is subject to SEC reporting requirements. The company's precarious financial state and lack of operations could attract scrutiny regarding its disclosures and future viability. Failure to address going concern issues could lead to delisting or further regulatory action.

What Investors Should Do

1. Avoid investment until operational viability and funding are secured.
2. Monitor for any equity financing announcements.
3. Review any future filings for signs of operational progress or new risk factors.

Key Dates

• 2025-09-30: Balance Sheet Date — Reflects zero cash, increased liabilities to $31,260, and an accumulated deficit of $1,211,175, underscoring severe financial distress.
• 2025-09-30: End of Interim Period for Statements of Operations and Cash Flows — Reported a net loss of $14,039 for the six months, with $12,580 used in operating activities, highlighting ongoing financial deterioration.

Glossary

Accumulated Deficit

The cumulative net losses of a company that have not been offset by net income. It represents a negative retained earnings balance. (RNGC's accumulated deficit has grown to $1,211,175, indicating a long history of unprofitability and a significant drag on equity.)

Going Concern

An accounting assumption that a business will continue to operate for the foreseeable future. If substantial doubt exists, it must be disclosed. (RNGC's financial condition, with no cash and increasing losses, leads to substantial doubt about its ability to continue as a going concern.)

Related Party

A party that has the ability to transact with an entity on terms that are not necessarily the same as those that would be available to unrelated parties. (RNGC's increasing reliance on debt from Bryan Glass Securities, Inc. (a related party) to the tune of $30,027 is a key financial risk.)

Common Stock

Represents ownership in a corporation. Holders are entitled to vote on corporate matters and receive dividends if declared. (RNGC has 242,669,234 shares outstanding, but their value is diminished by the company's significant accumulated deficit and lack of operations.)

Par Value

A nominal value assigned to a security by the issuer. For common stock, it is often a very low amount, like $0.0001. (The $0.0001 par value for RNGC's common stock means the stated capital of $24,267 is primarily from additional paid-in capital, not the nominal par value.)

Year-Over-Year Comparison

Compared to the prior year's comparable periods, Ranger Gold Corp. has seen its net loss widen, with the six-month loss increasing from $11,871 to $14,039. Total liabilities have also significantly increased from $20,191 at March 31, 2025, to $31,260 as of September 30, 2025, primarily due to a substantial rise in related-party debt. The company continues to report zero revenue and zero cash, exacerbating the already severe going concern issues.

Filing Documents

• rngr_10q.htm (10-Q) — 343KB
• rngr_ex311.htm (EX-31.1) — 10KB
• rngr_ex312.htm (EX-31.2) — 10KB
• rngr_ex321.htm (EX-32.1) — 3KB
• 0001477932-25-008496.txt ( ) — 1577KB
• rngr-20250930.xsd (EX-101.SCH) — 15KB
• rngr-20250930_lab.xml (EX-101.LAB) — 107KB
• rngr-20250930_cal.xml (EX-101.CAL) — 21KB
• rngr-20250930_pre.xml (EX-101.PRE) — 78KB
• rngr-20250930_def.xml (EX-101.DEF) — 18KB
• rngr_10q_htm.xml (XML) — 113KB

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS Ranger Gold Corp. Balance Sheets September 30, March 31, 2025 (Unaudited) 2025 (Audited) CURRENT ASSETS Prepaid Expenses $ 990 $ 3,960 TOTAL CURRENT ASSETS 990 3,960 TOTAL ASSETS $ 990 $ 3,960 LIABILITIES CURRENT LIABILITIES Accounts Payable 878 2,628.00 Accrued Interest - Related Party 355 116 TOTAL CURRENT LIABILITIES 1,233 2,744 Note Payable - Related Party 30,027 17,447 TOTAL LIABILITIES 31,260 20,191 COMMITMENTS AND CONTINGENCIES $ - $ - STOCKHOLDER'S EQUITY Common stock ($ 0.0001 par value; 500,000,000 shares authorized; 242,669,234 and 242,669,234 shares issued and outstanding at September 30, 2025 and March 31, 2025, respectively) 24,267 24,267 Preferred stock ($ 0.0001 par value; 5,000,000 shares authorized; no shares issued and outstanding at September 30, 2025 and March 31, 2025, respectively) - - Additional Paid in Capital 1,156,638 1,156,638 Accumulated Deficit ( 1,211,175 ) ( 1,197,136 ) TOTAL STOCKHOLDER'S EQUITY (DEFICIT) ( 30,270 ) ( 16,231 ) TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY/(DEFICIT) $ 990 $ 3,960 The accompanying notes are an integral part of these financial statements. 2 Ranger Gold Corp. For the 3 Months Ended September 30, For the 6 Months Ended September 30, 2025 (Unaudited) 2024 (Unaudited) 2025 (Unaudited) 2024 (Unaudited) Sales $ - $ - $ - $ - Total Revenue $ - $ - $ - $ - EXPENSES: Selling, General and Administrative - - - - Interest Expense 137 - 239 - Filing Fees 1,880 933 3,365 2,021 Professional Fees 3,985 3,390 10,435 9,850 Total Expense 6,002 4,323 14,039 11,871 Loss from operations $ ( 6,002 ) $ ( 4,323 ) $ ( 14,039 ) $ ( 11,871 ) Other Income/(Loss) Income on Extinguishment of Debt $ - $ - $ - $ - Provision for Income Taxes $ - $ - $ - $ - N

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

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