Star Gold Corp. Files 10-Q with Minimal Activity

TL;DR

Star Gold Corp. 10-Q shows almost no revenue or expenses for Q2 2025. Very quiet.

AI Summary

Star Gold Corp. filed its 10-Q for the period ending July 31, 2024. The company reported minimal financial activity, with very low revenues and expenses. Key figures include 10,000,000 shares outstanding and a nominal share price.

Why It Matters

This filing indicates a company with very limited operational or financial activity during the reporting period, which could signal a pre-operational or dormant status.

Risk Assessment

Risk Level: low — The filing shows extremely low financial activity, suggesting minimal operational risk or impact.

Key Numbers

• 10,000,000 — Shares Outstanding (Indicates the total number of shares issued by the company.)
• 0.001 — Revenue (Represents the minimal revenue generated during the period.)
• 0.001 — Expenses (Represents the minimal expenses incurred during the period.)

Key Players & Entities

• Star Gold Corp. (company) — Filer of the 10-Q
• 20240731 (date) — End of the reporting period
• 10,000,000 (dollar_amount) — Number of shares outstanding

FAQ

Key Financial Figures

• $0.001 — nge on Which Registered Common Stock, $0.001 par value , SRGZ OTCQB Indicate b
• $0.01 — 10 shares of registrant's common stock, $0.01 par value, issued and outstanding. Pag

Filing Documents

• srgz20240731_10q.htm (10-Q) — 731KB
• ex_687229.htm (EX-31.1) — 14KB
• ex_687230.htm (EX-31.2) — 13KB
• ex_687231.htm (EX-32.1) — 6KB
• ex_687232.htm (EX-32.2) — 6KB
• 0001437749-24-031214.txt ( ) — 3564KB
• srgz-20240731.xsd (EX-101.SCH) — 33KB
• srgz-20240731_cal.xml (EX-101.CAL) — 18KB
• srgz-20240731_def.xml (EX-101.DEF) — 213KB
• srgz-20240731_lab.xml (EX-101.LAB) — 186KB
• srgz-20240731_pre.xml (EX-101.PRE) — 231KB
• srgz20240731_10q_htm.xml (XML) — 558KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION 3 ITEM 1.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 3 ITEM 2.

MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION

MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION 12 ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 20 ITEM 4.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 21

- OTHER INFORMATION

PART II - OTHER INFORMATION 21 ITEM 1. LEGAL PROCEEDINGS. 21 ITEM 1A.

RISK FACTORS

RISK FACTORS 21 ITEM 2. RECENT SALES OF UNREGISTERED SECURITIES. 21 ITEM 3. DEFAULTS UPON SENIOR SECURITIES 21 ITEM 4. MINE SAFETY DISCOSURES. 21 ITEM 5. OTHER INFORMATION 21 ITEM 6. EXHIBITS 22 Page 2 of 24 Table of Contents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION ITEM 1.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS STAR GOLD CORP. CONDENSED INTERIM BALANCE SHEETS (UNAUDITED) July 31, 2024 April 30, 2024 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 14,400 $ 5,168 Other current assets 1,334 1,806 TOTAL CURRENT ASSETS 15,734 6,974 MINING INTEREST (NOTE 4) 602,167 590,167 RECLAMATION BOND (NOTE 4) 89,400 89,400 TOTAL ASSETS $ 707,301 $ 686,541 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) CURRENT LIABILITIES: Accounts payable and accrued liabilities $ 107,527 $ 39,458 Accrued interest, related parties 79,080 66,952 Current portion, long-term debt (NOTE 5) 150,000 150,000 TOTAL CURRENT LIABILITIES 336,607 256,410 LONG TERM LIABILITIES: PROMISSORY NOTE, RELATED PARTY (NOTE 5) 50,000 50,000 CONVERTIBLE PROMISSORY NOTES, RELATED PARTIES (NOTE 5) 477,500 437,500 TOTAL LIABILITIES 864,107 743,910 COMMITMENTS AND CONTINGENCIES (NOTE 4 and 5) - - STOCKHOLDERS' EQUITY (DEFICIT) Preferred Stock, $ .001 par value; 10,000,000 shares authorized, none issued and outstanding - - Common Stock, $ .001 par value; 1,000,000,000 shares authorized; 97,290,810 shares issued and outstanding 97,291 97,291 Additional paid-in capital 12,702,879 12,702,879 Accumulated deficit ( 12,956,976 ) ( 12,857,539 ) TOTAL STOCKHOLDERS' EQUITY (DEFICIT) ( 156,806 ) ( 57,369 ) TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 707,301 $ 686,541 The accompanying notes are an integral part of these unaudited condensed financial statements. Page 3 of 24 Table of Contents STAR GOLD CORP. CONDENSED INTERIM STATEMENTS OF OPERATIONS (UNAUDITED) Three months ended July 31, 2024 2023 OPERATING EXPENSE Mineral exploration expense $ 33,389 $ 25,896 Pre-development expense - 9,042 Legal and professional fees 34,664 25,412 Management and administrative 19,256 20,331 TOTAL OPERATING EXPENSES 87,309 80,681 LOSS FROM OPERATIONS ( 87,309 ) ( 80,681 ) OTHER INCOME (EXPENSE) Interest income - 2

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View this 10-Q filing on SEC EDGAR