$MINR
Minerva Gold Inc.

2022 Q3 Form 10-Q Financial Statement

#000147793222004860 Filed on July 07, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q2
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue $0.00 $0.00
YoY Change
Gross Profit $0.00
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $58.00
YoY Change
% of Gross Profit
Operating Expenses -$2.837K -$8.344K -$2.533K
YoY Change -22.95% 229.41%
Operating Profit $8.344K
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$2.837K -$8.344K -$2.533K
YoY Change -22.95% 229.41%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$2.837K -$8.344K -$2.533K
YoY Change -22.95% 229.41%
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 2022 Q3 2022 Q2 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $19.32K $24.60K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $19.32K
YoY Change 427.92%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $403.00
YoY Change -36.33%
Total Long-Term Assets $403.00
YoY Change -36.33%
TOTAL ASSETS
Total Short-Term Assets $19.32K
Total Long-Term Assets $403.00
Total Assets $19.73K
YoY Change 359.47%
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 $11.23K
YoY Change 72.86%
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 $11.23K
Total Long-Term Liabilities
Total Liabilities $11.23K
YoY Change 72.86%
SHAREHOLDERS EQUITY
Retained Earnings -$27.90K
YoY Change 287.39%
Common Stock $6.570K $6.570K
YoY Change 31.4%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.496K $11.33K $1.479K
YoY Change
Total Liabilities & Shareholders Equity $19.73K
YoY Change 359.47%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q2
OPERATING ACTIVITIES
Net Income -$2.837K -$8.344K -$2.533K
YoY Change -22.95% 229.41%
Depreciation, Depletion And Amortization $58.00
YoY Change
Cash From Operating Activities -$4.786K
YoY Change
INVESTING ACTIVITIES
Capital Expenditures $0.00
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 $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $1.256K
YoY Change
NET CHANGE
Cash From Operating Activities -$4.786K
Cash From Investing Activities $0.00
Cash From Financing Activities $1.256K
Net Change In Cash -$3.530K
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$4.786K
Capital Expenditures $0.00
Free Cash Flow -$4.786K
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
6570000 shares
CY2022Q2 us-gaap Cost Of Revenue
CostOfRevenue
0 USD
CY2021Q2 us-gaap Cost Of Revenue
CostOfRevenue
0 USD
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-8344 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-2533 USD
CY2022Q2 mine Earning Per Share Basic And Diluted
EarningPerShareBasicAndDiluted
-0.00
CY2021Q2 mine Earning Per Share Basic And Diluted
EarningPerShareBasicAndDiluted
-0.00
CY2022Q2 mine Weighted Average Numbers Of Share Outstanding Basic And Diluted
WeightedAverageNumbersOfShareOutstandingBasicAndDiluted
6570000 shares
CY2021Q2 mine Weighted Average Numbers Of Share Outstanding Basic And Diluted
WeightedAverageNumbersOfShareOutstandingBasicAndDiluted
5000000 shares
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
19677 USD
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-8344 USD
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
11333 USD
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-8344 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-2533 USD
CY2022Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3500 USD
CY2021Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
0 USD
CY2022Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
58 USD
CY2021Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
0 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4786 USD
CY2022Q2 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
0 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
0 USD
CY2022Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2022Q2 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
1256 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1256 USD
CY2022Q2 mine Cash And Cash Equivalent Period Increase Decrease
CashAndCashEquivalentPeriodIncreaseDecrease
-3530 USD
CY2021Q2 mine Cash And Cash Equivalent Period Increase Decrease
CashAndCashEquivalentPeriodIncreaseDecrease
-510 USD
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
28132 USD
CY2022Q2 us-gaap Interest Paid Net
InterestPaidNet
0 USD
CY2022Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2022Q2 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 Capital
Capital
75000000 USD
CY2021Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.001
mine Accumulated Loss
AccumulatedLoss
-25067 USD
CY2022Q2 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>
CY2022Q2 us-gaap Escrow Deposit
EscrowDeposit
24602 USD
CY2022Q2 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>
CY2021Q2 us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
690 USD
CY2022Q2 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P3Y
CY2022Q2 mine Depreciation Charge
DepreciationCharge
58 USD
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
75000000 shares
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
5000000 shares
CY2021Q1 us-gaap Proceeds From Fees Received
ProceedsFromFeesReceived
5000 USD
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
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
6570000 shares
CY2022Q2 us-gaap Proceeds From Fees Received
ProceedsFromFeesReceived
36400 USD
CY2022Q2 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
10229 USD
CY2022Q2 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
10229 USD

Files In Submission

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