$MINR
Minerva Gold Inc.

2022 Form 10-K Financial Statement

#000147793222004007 Filed on May 31, 2022

View on sec.gov

Income Statement

Concept 2022 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 $172.00 $0.00
YoY Change
% of Gross Profit
Operating Expenses -$15.74K -$988.00
YoY Change
Operating Profit $15.74K $988.00
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$15.74K
YoY Change
Income Tax $0.00
% Of Pretax Income
Net Earnings -$15.74K -$988.00
YoY Change
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2022 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $5.000K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $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 $0.00
YoY Change
Total Long-Term Assets $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $5.000K
Total Long-Term Assets $0.00
Total Assets $5.000K
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $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 $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 $988.00
Total Long-Term Liabilities
Total Liabilities $988.00
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$988.00
YoY Change
Common Stock $5.000K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.012K
YoY Change
Total Liabilities & Shareholders Equity $5.000K
YoY Change

Cashflow Statement

Concept 2022 2021 Q1
OPERATING ACTIVITIES
Net Income -$15.74K -$988.00
YoY Change
Depreciation, Depletion And Amortization $172.00 $0.00
YoY Change
Cash From Operating Activities -$15.56K -$988.00
YoY Change
INVESTING ACTIVITIES
Capital Expenditures $690.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$690.00 $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 $39.39K $5.988K
YoY Change
NET CHANGE
Cash From Operating Activities -$15.56K -$988.00
Cash From Investing Activities -$690.00 $0.00
Cash From Financing Activities $39.39K $5.988K
Net Change In Cash $23.13K $5.000K
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$15.56K -$988.00
Capital Expenditures $690.00
Free Cash Flow -$16.25K
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022 dei Auditor Firm
AuditorFirmId
5525
CY2022Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
75000000 shares
CY2022Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
6570000 shares
CY2021Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
5000000 shares
CY2022Q1 us-gaap Common Stock Value
CommonStockValue
6570 USD
CY2021Q1 us-gaap Common Stock Value
CommonStockValue
5000 USD
CY2022Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
29830 USD
CY2021Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
0 USD
CY2022Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-16723 USD
CY2021Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-988 USD
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
19677 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
4012 USD
CY2022Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
28650 USD
CY2022 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
690 USD
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-690 USD
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
31400 USD
CY2021Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
5000 USD
CY2022 us-gaap Revenues
Revenues
0 USD
CY2021Q1 us-gaap Revenues
Revenues
0 USD
CY2022 us-gaap Cost Of Revenue
CostOfRevenue
0 USD
CY2021Q1 us-gaap Cost Of Revenue
CostOfRevenue
0 USD
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
15735 USD
CY2021Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
988 USD
CY2022 us-gaap Operating Expenses
OperatingExpenses
-15735 USD
CY2021Q1 us-gaap Operating Expenses
OperatingExpenses
-988 USD
CY2022 mine Weighted Average Number Of Shares Outstanding Basic And Diluted
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted
5599986 shares
CY2021Q1 mine Shares Issued At0001 For The Period From Inception February242021 To February282021 Amount
SharesIssuedAt0001ForThePeriodFromInceptionFebruary242021ToFebruary282021Amount
5000 USD
CY2022 mine Shares Issued At002 Amount
SharesIssuedAt002Amount
31400 USD
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-15735 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-988 USD
CY2022 us-gaap Depreciation
Depreciation
172 USD
CY2021Q1 us-gaap Depreciation
Depreciation
0 USD
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-15563 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-988 USD
CY2021Q1 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
0 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
0 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
5000 USD
CY2021Q1 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
988 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5988 USD
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
23132 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
0 USD
CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2022 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>
CY2021Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
75000000 shares
CY2021Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
7985 USD
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
39385 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
0 USD
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
28132 USD
CY2022 us-gaap Interest Paid Net
InterestPaidNet
0 USD
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2022 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>
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
28132 USD
CY2022 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>
CY2022Q1 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
8973 USD
CY2021Q2 us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
690 USD
CY2022 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P3Y
CY2022 mine Depreciation Charge
DepreciationCharge
172 USD
CY2022Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
75000000 shares
CY2021Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q1 mine Common Stocks Shares Issued
CommonStocksSharesIssued
5000000 shares
CY2021Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q1 us-gaap Proceeds From Fees Received
ProceedsFromFeesReceived
5000 USD
CY2021Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1570000 shares
CY2021Q4 mine Common Stock Shares Issued Price Per Share
CommonStockSharesIssuedPricePerShare
0.02
CY2021Q4 us-gaap Proceeds From Fees Received
ProceedsFromFeesReceived
31400 USD
CY2022Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
6570000 shares
CY2022 us-gaap Proceeds From Fees Received
ProceedsFromFeesReceived
36400 USD
CY2022Q1 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
8973 USD
CY2022 mine Corporate Income Tax Rate
CorporateIncomeTaxRate
0.21 pure
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-3511 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-207 USD
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
3511 USD
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
207 USD
CY2022 mine Income Tax Reconciliation
IncomeTaxReconciliation
0 USD
CY2021 mine Income Tax Reconciliation
IncomeTaxReconciliation
0 USD
CY2022Q1 mine Net Operating Loss
NetOperatingLoss
3511 USD
CY2021Q1 mine Net Operating Loss
NetOperatingLoss
207 USD
CY2022Q1 mine Less Valuation Allowance
LessValuationAllowance
-3511 USD
CY2021Q1 mine Less Valuation Allowance
LessValuationAllowance
-207 USD
CY2022Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 USD
CY2021Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 USD
CY2022Q1 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
16723 USD
CY2022 mine Description Of Expiry
DescriptionOfExpiry
expire in fiscal 2042

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