2024 Q2 Form 10-Q Financial Statement

#000147793224001919 Filed on April 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2023 Q4

Balance Sheet

Concept 2024 Q2 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.450K
YoY Change -92.35%
Cash & Equivalents $4.449K
Short-Term Investments
Other Short-Term Assets $14.02K
YoY Change -10.64%
Inventory
Prepaid Expenses $14.02K
Receivables
Other Receivables
Total Short-Term Assets $18.47K
YoY Change -74.99%
LONG-TERM ASSETS
Property, Plant & Equipment $150.5K
YoY Change -16.21%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $150.5K
YoY Change -16.21%
TOTAL ASSETS
Total Short-Term Assets $18.47K
Total Long-Term Assets $150.5K
Total Assets $169.0K
YoY Change -33.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $485.5K
YoY Change 74.19%
Accrued Expenses $659.4K
YoY Change 7.84%
Deferred Revenue
YoY Change
Short-Term Debt $1.049M
YoY Change 40.25%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.561M
YoY Change -46.1%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.561M
Total Long-Term Liabilities $0.00
Total Liabilities $2.561M
YoY Change -46.1%
SHAREHOLDERS EQUITY
Retained Earnings -$4.402M
YoY Change -31.73%
Common Stock $48.00K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.393M
YoY Change
Total Liabilities & Shareholders Equity $169.0K
YoY Change -33.33%

Cashflow Statement

Concept 2024 Q2 2023 Q4

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2023Q4 dei Entity Registrant Name
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GUSKIN GOLD CORP.
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CY2023Q4 dei Entity Tax Identification Number
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CY2023Q4 dei Entity Address Address Line1
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CY2023Q4 dei City Area Code
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CY2023Q4 dei Local Phone Number
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include the assumptions used in valuation of equity-based transactions, valuation of derivative liabilities and valuation of deferred taxes.</p>
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(i) GGC’ shareholders own approximately 96.54% of the Company’s issued and outstanding common stock immediately following the effective time of the Share Exchange, and (ii) GGC’ management holds all key positions in the management of the combined company following the Closing. Under reverse recapitalization accounting, the assets and liabilities of the Company are recorded, as of the Closing, at their fair value which approximates its book value because of the short-term nature of the instruments
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ChangeInFairValueOfDerivativeLiabilityAtTheEndOfThePeriod
2810680 usd
CY2023Q4 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-3769 usd
CY2023Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
-3255569 usd
CY2023Q4 gkin Change In Fair Value Of Derivative Liability At The End Of The Period
ChangeInFairValueOfDerivativeLiabilityAtTheEndOfThePeriod
-448659 usd
CY2023Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
778688 usd
CY2022Q3 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
3296143 usd
CY2023 gkin Increase Decrease In Fair Value Of Derivative Liability
IncreaseDecreaseInFairValueOfDerivativeLiability
-2873230 usd
CY2023 us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
355775 usd
CY2023Q3 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
778688 usd
CY2023 gkin Change In Fair Value Of Derivative Liability At The Beginning Of Period
ChangeInFairValueOfDerivativeLiabilityAtTheBeginningOfPeriod
8041824 usd
CY2023 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
77225 usd
CY2023 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
-5308369 usd
CY2023Q4 gkin Change In Fair Value Of Derivative Liability At The Beginning Of Period
ChangeInFairValueOfDerivativeLiabilityAtTheBeginningOfPeriod
2810680 usd
CY2020Q2 gkin Common Shares Compensation Value In Shares Quarterly
CommonSharesCompensationValueInSharesQuarterly
50000 shares
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2020Q2 us-gaap Deferred Compensation Arrangement With Individual Common Stock Reserved For Future Issuance
DeferredCompensationArrangementWithIndividualCommonStockReservedForFutureIssuance
200000 shares
CY2020Q2 gkin Common Shares Compensation Value
CommonSharesCompensationValue
5000 usd
CY2022Q1 us-gaap Variable Interest Entity Ownership Percentage
VariableInterestEntityOwnershipPercentage
0.70 pure
CY2022Q1 gkin Restricted Common Shares Issued Price Per Share
RestrictedCommonSharesIssuedPricePerShare
1.00
CY2020Q2 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
15000000 shares
CY2020Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
15000 usd
us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
13200000 shares
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
13200 usd
CY2020Q3 us-gaap Restricted Stock Shares Issued Net Of Shares For Tax Withholdings
RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings
28200000 shares
gkin Proceeds From Unrelated Party
ProceedsFromUnrelatedParty
110000 usd
gkin Exchange Of Common Shares
ExchangeOfCommonShares
440000 shares
CY2021Q4 gkin Subscription Receivable
SubscriptionReceivable
75000 usd
CY2021Q4 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
300000 shares
CY2021Q4 gkin Proceeds From Unrelated Party
ProceedsFromUnrelatedParty
75000 usd
CY2021Q4 gkin Proceeds From Unrelated Party
ProceedsFromUnrelatedParty
25000 usd
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
47994825 shares
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001

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0001477932-24-001919-index-headers.html Edgar Link pending
0001477932-24-001919-index.html Edgar Link pending
0001477932-24-001919.txt Edgar Link pending
0001477932-24-001919-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
gkin-20231231.xsd Edgar Link pending
gkin_10q.htm Edgar Link pending
gkin_ex311.htm Edgar Link pending
gkin_ex312.htm Edgar Link pending
gkin_ex321.htm Edgar Link pending
gkin_ex322.htm Edgar Link pending
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gkin-20231231_cal.xml Edgar Link unprocessable
gkin-20231231_lab.xml Edgar Link unprocessable
gkin-20231231_pre.xml Edgar Link unprocessable
gkin_10q_htm.xml Edgar Link completed
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gkin-20231231_def.xml Edgar Link unprocessable
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