$MINR
Minerva Gold Inc.

2021 Q4 Form 10-Q Financial Statement

#000147793221009337 Filed on December 20, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q1
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue $0.00 $0.00
YoY Change
Gross Profit $0.00 $0.00
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00
YoY Change
% of Gross Profit
Operating Expenses $4.749K -$988.00
YoY Change
Operating Profit -$4.749K $988.00
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$4.749K
YoY Change
Income Tax $0.00
% Of Pretax Income
Net Earnings -$4.749K -$988.00
YoY Change
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 6.570M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q4 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $32.58K $5.000K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $32.58K $5.000K
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $575.00 $0.00
YoY Change
Total Long-Term Assets $575.00 $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $32.58K $5.000K
Total Long-Term Assets $575.00 $0.00
Total Assets $33.16K $5.000K
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $888.00 $0.00
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $8.707K $988.00
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $8.707K $988.00
Total Long-Term Liabilities
Total Liabilities $8.707K $988.00
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$11.95K -$988.00
YoY Change
Common Stock $6.570K $5.000K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $24.45K $4.012K
YoY Change
Total Liabilities & Shareholders Equity $33.16K $5.000K
YoY Change

Cashflow Statement

Concept 2021 Q4 2021 Q1
OPERATING ACTIVITIES
Net Income -$4.749K -$988.00
YoY Change
Depreciation, Depletion And Amortization $0.00
YoY Change
Cash From Operating Activities -$988.00
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $31.40K $5.000K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $5.988K
YoY Change
NET CHANGE
Cash From Operating Activities -$988.00
Cash From Investing Activities $0.00
Cash From Financing Activities $5.988K
Net Change In Cash $5.000K
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$988.00
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
6570000 shares
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
32580 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5000 USD
CY2021Q4 us-gaap Assets Current
AssetsCurrent
32580 USD
CY2021Q1 us-gaap Assets Current
AssetsCurrent
5000 USD
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
575 USD
CY2021Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
0 USD
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
575 USD
CY2021Q1 us-gaap Noncurrent Assets
NoncurrentAssets
0 USD
CY2021Q4 us-gaap Assets
Assets
33155 USD
CY2021Q1 us-gaap Assets
Assets
5000 USD
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
888 USD
CY2021Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
0 USD
CY2021Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
7819 USD
CY2021Q1 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
988 USD
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
8707 USD
CY2021Q1 us-gaap Liabilities Current
LiabilitiesCurrent
988 USD
CY2021Q4 us-gaap Liabilities
Liabilities
8707 USD
CY2021Q1 us-gaap Liabilities
Liabilities
988 USD
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
6570000 shares
CY2021Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
5000000 shares
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
6570 USD
CY2021Q1 us-gaap Common Stock Value
CommonStockValue
5000 USD
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
29830 USD
CY2021Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
0 USD
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-11952 USD
CY2021Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-988 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
24448 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
4012 USD
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
33155 USD
CY2021Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
5000 USD
CY2021Q4 us-gaap Revenues
Revenues
0 USD
us-gaap Revenues
Revenues
0 USD
CY2021Q4 us-gaap Cost Of Revenue
CostOfRevenue
0 USD
us-gaap Cost Of Revenue
CostOfRevenue
0 USD
CY2021Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4749 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10964 USD
CY2021Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-4749 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-10964 USD
CY2021Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
-4749 USD
us-gaap Net Income Loss
NetIncomeLoss
-10964 USD
CY2021Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.00
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.00
CY2021Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
5915329 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
5302890 shares
CY2021Q1 mine Shares Issued At0001 For The Period From Inception February242021 To February282021 Amount
SharesIssuedAt0001ForThePeriodFromInceptionFebruary242021ToFebruary282021Amount
5000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-988 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
4012 USD
mine Shares Issued At002 Amount
SharesIssuedAt002Amount
31400 USD
us-gaap Net Income Loss
NetIncomeLoss
-10964 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
24448 USD
us-gaap Net Income Loss
NetIncomeLoss
-10964 USD
us-gaap Increase Decrease In Notes Receivable Related Parties
IncreaseDecreaseInNotesReceivableRelatedParties
888 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
115 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-9961 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
690 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-690 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
31400 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
6831 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
38231 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
27580 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
32580 USD
us-gaap Interest Paid Net
InterestPaidNet
0 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
us-gaap Nature Of Operations
NatureOfOperations
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">NOTE 1 – ORGANIZATION AND BUSINESS</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">MINERVA GOLD INC. (the "Company") is a corporation established under the corporation laws in the State of Nevada on February 24, 2021 with an authorized capital of 75,000,000 common shares with a par value of $0.001. The Company's fiscal year-end is February 28. Minerva Gold Inc. is a junior mineral exploration company engaged in the identification, acquisition and exploration of precious metals in Kazakhstan.</p>
us-gaap Basis Of Accounting
BasisOfAccounting
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America.</p>
us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of financial statements in conformity with generally accepted accounting principles 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 revenues and expenses during the period. Actual results could differ from those estimates.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">  </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Due to the limited level of operations, the Company has not had to make material assumptions or estimates other than the assumption that the Company is a going concern.</p>
us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P3Y
CY2021Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1570000 shares
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.02
CY2021Q4 us-gaap Proceeds From Fees Received
ProceedsFromFeesReceived
31400 USD
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
6570000 shares
us-gaap Proceeds From Fees Received
ProceedsFromFeesReceived
36400 USD
CY2021Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
7819 USD

Files In Submission

Name View Source Status
0001477932-21-009337-index-headers.html Edgar Link pending
0001477932-21-009337-index.html Edgar Link pending
0001477932-21-009337.txt Edgar Link pending
0001477932-21-009337-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
mine-20211130.xsd Edgar Link pending
mine-20211130_cal.xml Edgar Link unprocessable
mine-20211130_def.xml Edgar Link unprocessable
mine-20211130_lab.xml Edgar Link unprocessable
mine-20211130_pre.xml Edgar Link unprocessable
mine_10q.htm Edgar Link pending
mine_10q_htm.xml Edgar Link completed
mine_ex311.htm Edgar Link pending
mine_ex321.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R2.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
R9999.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending