2024 Q4 Form 10-Q Financial Statement
#000149315224044444 Filed on November 12, 2024
Income Statement
| Concept | 2024 Q4 | 2024 Q3 |
|---|---|---|
| Revenue | $0.00 | |
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $11.92K | |
| YoY Change | 19.2% | |
| % of Gross Profit | ||
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | ||
| YoY Change | ||
| % of Gross Profit | ||
| Operating Expenses | $14.43K | |
| YoY Change | 6.79% | |
| Operating Profit | ||
| YoY Change | ||
| Interest Expense | -$10.00 | |
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$14.43K | |
| YoY Change | 44.3% | |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$14.43K | |
| YoY Change | 6.79% | |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | $0.00 | |
| Diluted Earnings Per Share | $0.00 | |
| COMMON SHARES | ||
| Basic Shares Outstanding | 7.070M shares | 7.070M shares |
| Diluted Shares Outstanding | 7.070M shares |
Balance Sheet
| Concept | 2024 Q4 | 2024 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $0.00 | |
| YoY Change | ||
| Cash & Equivalents | ||
| Short-Term Investments | ||
| Other Short-Term Assets | $7.000K | |
| YoY Change | -30.0% | |
| Inventory | ||
| Prepaid Expenses | $7.000K | |
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $7.000K | |
| YoY Change | -30.0% | |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | ||
| YoY Change | ||
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $0.00 | |
| YoY Change | -100.0% | |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $7.000K | |
| Total Long-Term Assets | $0.00 | |
| Total Assets | $7.000K | |
| YoY Change | 5.33% | |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $134.9K | |
| YoY Change | 169.7% | |
| Accrued Expenses | ||
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $284.1K | |
| YoY Change | 1.45% | |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $840.5K | |
| YoY Change | 6.39% | |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | |
| YoY Change | ||
| Other Long-Term Liabilities | $0.00 | |
| YoY Change | ||
| Total Long-Term Liabilities | $0.00 | |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $840.5K | |
| Total Long-Term Liabilities | $0.00 | |
| Total Liabilities | $840.5K | |
| YoY Change | 6.18% | |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$940.5K | |
| YoY Change | 5.44% | |
| Common Stock | $70.00 | |
| YoY Change | 0.0% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | -$833.5K | |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $7.000K | |
| YoY Change | 5.33% |
Cashflow Statement
| Concept | 2024 Q4 | 2024 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$14.43K | |
| YoY Change | 6.79% | |
| Depreciation, Depletion And Amortization | ||
| YoY Change | ||
| Cash From Operating Activities | -$16.03K | |
| YoY Change | -7.65% | |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | ||
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | ||
| YoY Change | ||
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | $16.02K | |
| YoY Change | -7.66% | |
| NET CHANGE | ||
| Cash From Operating Activities | -$16.03K | |
| Cash From Investing Activities | ||
| Cash From Financing Activities | $16.02K | |
| Net Change In Cash | -$13.00 | |
| YoY Change | 0.0% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$16.03K | |
| Capital Expenditures | ||
| Free Cash Flow | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2024Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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usd | |
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NV | |
| CY2024Q3 | dei |
Entity Current Reporting Status
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|
Yes | |
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Entity Interactive Data Current
EntityInteractiveDataCurrent
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Yes | |
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Amendment Flag
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|
false | |
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Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--06-30 | |
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|
Q1 | |
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Document Transition Report
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false | |
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Entity File Number
EntityFileNumber
|
000-52837 | |
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Entity Registrant Name
EntityRegistrantName
|
GOLDEN STAR RESOURCE CORP. | |
| CY2024Q3 | dei |
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#300 – 500 North Rainbow Blvd | |
| CY2024Q3 | dei |
Entity Address City Or Town
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Las Vegas | |
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Entity Address State Or Province
EntityAddressStateOrProvince
|
NV | |
| CY2024Q3 | dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
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89107 | |
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City Area Code
CityAreaCode
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(760) | |
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Local Phone Number
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464-9869 | |
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Non-accelerated Filer | |
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Entity Small Business
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true | |
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Entity Shell Company
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false | |
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Entity Common Stock Shares Outstanding
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7070000 | shares |
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Assets
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Accounts Payable And Accrued Liabilities Current
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134847 | usd |
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Accounts Payable And Accrued Liabilities Current
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132249 | usd |
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Loans Payable Current
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284058 | usd |
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Liabilities
Liabilities
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840471 | usd |
| CY2024Q2 | us-gaap |
Liabilities
Liabilities
|
821854 | usd |
| CY2024Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
| CY2024Q2 | us-gaap |
Common Stock Shares Authorized
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|
100000000 | shares |
| CY2024Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.00001 | |
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0.00001 | |
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Preferred Stock Shares Authorized
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|
100000000 | shares |
| CY2024Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000000 | shares |
| CY2024Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
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|
0.00001 | |
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Preferred Stock Par Or Stated Value Per Share
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0.00001 | |
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Common Stock Value
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|
70 | usd |
| CY2024Q3 | us-gaap |
Common Stock Value
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|
70 | usd |
| CY2024Q3 | us-gaap |
Additional Paid In Capital
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|
106990 | usd |
| CY2024Q3 | us-gaap |
Retained Earnings Accumulated Deficit
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|
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Stockholders Equity
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|
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Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
7000 | usd |
| CY2024Q3 | dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
00-0000000 | |
| CY2024Q3 | dei |
Document Fiscal Year Focus
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|
2025 | |
| CY2024Q3 | dei |
Entity Emerging Growth Company
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|
false | |
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Entity Central Index Key
EntityCentralIndexKey
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0001375348 | |
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Payments To Acquire Mineral Rights
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|
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Document Type
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|
10-Q | |
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Document Quarterly Report
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|
true | |
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Document Period End Date
DocumentPeriodEndDate
|
2024-09-30 | |
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Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
13 | usd |
| CY2024Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
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Preferred Stock Shares Issued
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Common Stock Shares Issued
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Common Stock Value
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|
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|
70 | usd |
| CY2024Q2 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
106990 | usd |
| CY2024Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-926101 | usd |
| CY2024Q2 | us-gaap |
Stockholders Equity
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|
-819041 | usd |
| CY2024Q2 | us-gaap |
Liabilities And Stockholders Equity
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|
2813 | usd |
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Bank Fees
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|
13 | usd |
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13 | usd |
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Professional Fees
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|
6500 | usd |
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|
6200 | usd |
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Other General Expense
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|
2500 | usd |
| CY2023Q3 | us-gaap |
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|
2500 | usd |
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Legal Fees
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|
5417 | usd |
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|
4799 | usd |
| CY2024Q3 | us-gaap |
Operating Expenses
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|
14430 | usd |
| CY2023Q3 | us-gaap |
Operating Expenses
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|
13513 | usd |
| CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
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Net Income Loss
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|
-13513 | usd |
| CY2024Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.00 | |
| CY2024Q3 | us-gaap |
Earnings Per Share Diluted
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|
-0.00 | |
| CY2023Q3 | us-gaap |
Earnings Per Share Basic
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|
-0.00 | |
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|
-0.00 | |
| CY2024Q3 | us-gaap |
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|
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| CY2024Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
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|
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Weighted Average Number Of Diluted Shares Outstanding
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Net Income Loss
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| CY2024Q3 | us-gaap |
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| CY2023Q3 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
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Net Cash Provided By Used In Operating Activities
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Net Cash Provided By Used In Financing Activities
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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|
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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|
13 | usd |
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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|
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| CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
0 | usd |
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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|
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Stockholders Equity
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|
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|
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Stockholders Equity
StockholdersEquity
|
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| CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
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Stockholders Equity
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Net Income Loss
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Stockholders Equity
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StockholdersEquity
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Nature Of Operations
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<p id="xdx_802_eus-gaap--NatureOfOperations_zzE8IW7t9Dj7" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1.</b></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_82A_zVzsl6ZUlNFc">NATURE OF OPERATIONS AND GOING CONCERN</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Organization</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company was incorporated in the State of Nevada, U.S.A. on April 21, 2006.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Exploration Stage Activities</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company has been in the exploration stage since its formation and is primarily engaged in the acquisition and exploration of mining claims. Upon location of a commercial minable reserve, the Company expects to actively prepare the site for its extraction and enter a development stage.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Going Concern</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The general business strategy of the Company is to acquire and explore mineral properties. The continued operations of the Company and the recoverability of mineral property costs is dependent upon the existence of economically recoverable mineral reserves, the ability of the Company to obtain necessary financing to complete the development of its properties, and upon future profitable production. The Company has not generated any revenues or completed development of any properties to date. Further, the Company has a working capital deficit of $<span id="xdx_908_ecustom--WorkingCapitalDeficit_iI_pp0p0_c20240930_zIYeEsy9m258" title="Working capital deficit">833,471</span> (June 30, 2024 - $<span id="xdx_90A_ecustom--WorkingCapitalDeficit_iI_pp0p0_c20240630_zQcQED6EQXge" title="Working capital deficit">819,041</span>), has incurred losses of $<span id="xdx_904_eus-gaap--RetainedEarningsAccumulatedDeficit_iI_pp0p0_di_c20240930_zfQWsEYMXmfd" title="Accumulated deficit">940,531</span> since inception, and further significant losses are expected to be incurred in the exploration and development of its mineral properties. The Company will require additional funds to meet its obligations and maintain its operations. There can be no guarantee that the Company will be successful in raising the necessary financing. Management’s plans in this regard are to raise equity financing as required.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These conditions raise substantial doubt about the Company’s ability to continue as a going concern. These condensed interim financial statements do not include any adjustments that might result from this uncertainty.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
| CY2024Q3 | GLNS |
Working Capital Deficit
WorkingCapitalDeficit
|
833471 | usd |
| CY2024Q2 | GLNS |
Working Capital Deficit
WorkingCapitalDeficit
|
819041 | usd |
| CY2024Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-940531 | usd |
| CY2013Q3 | us-gaap |
Payments To Acquire Mineral Rights
PaymentsToAcquireMineralRights
|
10 | usd |
| CY2024Q3 | us-gaap |
Other Liabilities
OtherLiabilities
|
393565 | usd |
| CY2024Q2 | us-gaap |
Other Liabilities
OtherLiabilities
|
377546 | usd |
| CY2006Q2 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
6000000 | shares |
| CY2006Q2 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
0.00001 | |
| CY2006Q2 | GLNS |
Number Of Founding Shareholders
NumberOfFoundingShareholders
|
2 | integer |
