KeyStar Corp. Files 10-K for Fiscal Year Ended June 30, 2023

TL;DR

<b>KeyStar Corp. has submitted its annual 10-K filing for the fiscal year ending June 30, 2023, detailing its financial position and operations.</b>

AI Summary

KeyStar Corp. (VIPZ) filed a Annual Report (10-K) with the SEC on March 8, 2024. KeyStar Corp. filed its 10-K report for the fiscal year ending June 30, 2023. The company is incorporated in Nevada and operates in the Miscellaneous Retail sector. KeyStar Corp.'s principal business address is in Miami, Florida. The filing covers the fiscal periods ending June 30, 2021, 2022, and 2023. The report includes details on preferred stock series A, B, and C, common stock, and additional paid-in capital.

Why It Matters

For investors and stakeholders tracking KeyStar Corp., this filing contains several important signals. This 10-K filing provides a comprehensive overview of KeyStar Corp.'s financial performance and structure for the fiscal year 2023, which is crucial for investors to assess the company's health and future prospects. The detailed breakdown of stock types and capital accounts offers insight into the company's capitalization and potential equity structure changes.

Risk Assessment

Risk Level: low — KeyStar Corp. shows low risk based on this filing. The filing is a standard 10-K, providing historical financial data without immediate indicators of significant new risks or positive developments.

Analyst Insight

Review the detailed financial statements and disclosures within the 10-K to understand KeyStar Corp.'s financial health and operational performance for FY2023.

Key Numbers

• 2023-06-30 — Fiscal Year End (Conformed period of report)
• 2024-03-08 — Filing Date (Date the filing was made)
• 5900 — SIC Code (Standard Industrial Classification code for Miscellaneous Retail)

Key Players & Entities

• KeyStar Corp. (company) — Filer name and company name
• NV (location) — State of incorporation
• MIAMI (location) — Business and mailing city
• FL (location) — Business and mailing state
• 866-783-9435 (phone) — Business phone number

FAQ

Industry Context

KeyStar Corp. operates within the Miscellaneous Retail sector (SIC 5900), which encompasses a broad range of retail establishments not classified in other specific retail categories.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit regular financial disclosures to the SEC.

What Investors Should Do

1. Analyze the balance sheet, income statement, and cash flow statement for the fiscal years 2021, 2022, and 2023.
2. Examine disclosures related to preferred stock (Series A, B, C) and common stock.
3. Review any management discussion and analysis (MD&A) sections for insights into operational performance and outlook.

Key Dates

• 2023-06-30: Fiscal Year End — End of the reporting period for the 10-K.
• 2024-03-08: Filing Date — Date the 10-K was officially filed with the SEC.

Year-Over-Year Comparison

This is the initial 10-K filing provided in the dataset for KeyStar Corp., so no prior filing data is available for comparison.

Key Financial Figures

• $0.0001 — hange Act: Common Stock, par value of $0.0001 (Title of each class) Indicate by c
• $747,102 — n debt extinguishment was overstated by $747,102. Therefore, to correct this accountin

Filing Documents

• form10-k.htm (10-K) — 1585KB
• ex31-1.htm (EX-31.1) — 17KB
• ex31-2.htm (EX-31.2) — 17KB
• ex32-1.htm (EX-32.1) — 7KB
• ex32-2.htm (EX-32.2) — 7KB
• 0001493152-24-009368.txt (&nbsp;) — 8485KB
• keyr-20230630.xsd (EX-101.SCH) — 59KB
• keyr-20230630_cal.xml (EX-101.CAL) — 83KB
• keyr-20230630_def.xml (EX-101.DEF) — 394KB
• keyr-20230630_lab.xml (EX-101.LAB) — 515KB
• keyr-20230630_pre.xml (EX-101.PRE) — 460KB
• form10-k_htm.xml (XML) — 1145KB

Risk Factors

Item 1A. Risk Factors 6

Unresolved Staff comments

Item 1B. Unresolved Staff comments 18

Properties

Item 2. Properties 18

Legal Proceedings

Item 3. Legal Proceedings 18

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 18 PART II 19

Market for Registrant's Common Equity and Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity and Related Stockholder Matters and Issuer Purchases of Equity Securities 19

Selected Financial Data

Item 6. Selected Financial Data 19

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 20

Quantitative and Qualitative Disclosures About Market Risk

Item 7A. Quantitative and Qualitative Disclosures About Market Risk 25

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 25

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 25

Controls and Procedures

Item 9A. Controls and Procedures 26 PART III 28

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 28

Executive Compensation

Item 11. Executive Compensation 30

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. 34

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence 36

Principal Accounting Fees and Services

Item 14. Principal Accounting Fees and Services 37 PART IV 38

Exhibit and Financial Statement Schedules

Item 15. Exhibit and Financial Statement Schedules 38 ii CAUTIONARY NOTE CONCERNING FORWARD-LOOKING STATEMENTS Certain 27A of the Securities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements concerning plans, objectives, goals, projections, strategies, future events, or performance, and underlying assumptions and other statements, which are not statements of historical facts. In some cases, you can identify forward-looking "anticipate," "believe," "estimate," "predict," "potential," or "continue," or other comparable terminology. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Forward-looking statements represent management's beliefs and assumptions only as of the date of this Annual Report. You should read this Annual Report completely and with the understanding that our actual future results may be materially different from what we expect. Except as required by law, we assume

View Full Filing

View this 10-K filing on SEC EDGAR