U.S. Gold Corp. Files Q1 2025 10-Q
Ticker: USAU · Form: 10-Q · Filed: Sep 16, 2024 · CIK: 27093
| Field | Detail |
|---|---|
| Company | U.S. Gold Corp. (USAU) |
| Form Type | 10-Q |
| Filed Date | Sep 16, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, mining, financials
TL;DR
USGO 10-Q filed for Q1 ending 7/31/24. Mining sector update.
AI Summary
U.S. Gold Corp. filed its 10-Q for the period ending July 31, 2024. The company, incorporated in Nevada and based in Elko, NV, operates in the Metal Mining sector. This filing covers the first quarter of their fiscal year, which ends on April 30th. The company's previous name was Dataram Corp, changed on July 3, 1992.
Why It Matters
This filing provides investors with an update on U.S. Gold Corp.'s financial performance and operational status for the first quarter of their fiscal year.
Risk Assessment
Risk Level: medium — As a mining company, U.S. Gold Corp. is subject to inherent risks related to exploration, development, and commodity price fluctuations.
Key Numbers
- 0430 — Fiscal Year End (Indicates the end of the company's annual accounting period.)
- 20240731 — Reporting Period End Date (Marks the end of the financial quarter being reported.)
- 20240916 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- U.S. GOLD CORP. (company) — Filer
- ELKO, NV (location) — Business Address
- DATARAM CORP (company) — Former Company Name
- 19920703 (date) — Date of Name Change
- 20240731 (date) — Conformed Period of Report
FAQ
What is the primary business of U.S. Gold Corp.?
U.S. Gold Corp. operates in the Metal Mining sector, as indicated by its Standard Industrial Classification code [1000].
When does U.S. Gold Corp.'s fiscal year end?
The company's fiscal year ends on April 30th (0430).
What was U.S. Gold Corp.'s former name?
The company was formerly known as DATARAM CORP, with a name change occurring on July 3, 1992 (19920703).
For what period is this 10-Q filing?
This 10-Q filing is for the period ending July 31, 2024 (20240731).
Where is U.S. Gold Corp. headquartered?
The company's business and mailing address is located in Elko, Nevada (ELKO, NV).
Filing Stats: 4,403 words · 18 min read · ~15 pages · Grade level 14.8 · Accepted 2024-09-16 15:45:29
Key Financial Figures
- $0.001 — apital Deficit Equity Common Stock $0.001 Par Value Additional Paid-in Accumul
Filing Documents
- form10-q.htm (10-Q) — 638KB
- ex31-1.htm (EX-31.1) — 12KB
- ex31-2.htm (EX-31.2) — 9KB
- ex32-1.htm (EX-32.1) — 4KB
- ex32-2.htm (EX-32.2) — 8KB
- 0001493152-24-036365.txt ( ) — 4268KB
- usau-20240731.xsd (EX-101.SCH) — 42KB
- usau-20240731_cal.xml (EX-101.CAL) — 52KB
- usau-20240731_def.xml (EX-101.DEF) — 116KB
- usau-20240731_lab.xml (EX-101.LAB) — 323KB
- usau-20240731_pre.xml (EX-101.PRE) — 234KB
- form10-q_htm.xml (XML) — 589KB
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION Item 1.
Financial Statements
Financial Statements 4 Condensed Consolidated Balance Sheets as of July 31, 2024 (Unaudited) and April 30, 2024 4 Condensed Consolidated Statements of Operations for the three months ended July 31, 2024 and 2023 (Unaudited) 5 Condensed Consolidated Statements of Changes in Stockholders' Equity for the three months ended July 31, 2024 and 2023 (Unaudited) 6 Condensed Consolidated Statements of Cash Flows for the three months ended July 31, 2024 and 2023 (Unaudited) 7 Notes to Condensed Consolidated Financial Statements (Unaudited) 8 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 21 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 23 Item 4.
Controls and Procedures
Controls and Procedures 23
– OTHER INFORMATION
PART II – OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 24 Item 1A.
Risk Factors
Risk Factors 24 Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities 24 Item 3. Defaults Upon Senior Securities 24 Item 4. Mine Safety Disclosures 24 Item 5. Other Information 24 Item 6. Exhibits 24 Signature Page 25 2 FORWARD-LOOKING Some information contained in or incorporated by reference into this Quarterly Report on Form 10-Q (this "Form 10-Q") may contain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. These the next twelve months; U.S. Gold Corp.'s (the "Company," "we," "us," or "our") ability to continue as a going concern; expected vesting of options to purchase shares of the Company's common stock and expected legal and accounting expenses to maintain compliance with the Sarbanes-Oxley Act of 2002 and the effect of these expenses on the Company's profitability and our results of operations. We use the words "anticipate," "continue," "likely," "estimate," "expect," "may," "could," "will," "project," "should," "believe" and variations of such words and similar expressions to identify forward-looking statements. Statements that contain these words discuss our future expectations and plans, or state other forward-looking information. Although we believe the expectations and assumptions reflected in those forward-looking could differ materially from those expressed or implied in these forward-looking statements as a result of the factors set forth in, or incorporate by reference in this report, including: deviations from the projections set forth in the prefeasibility study for the CK Gold Project due to unanticipated variations in gra