$NGLD
Nevada Canyon Gold Corp Stock $ngld

$ngld Overview Financials Valuation SEC Filings Company Website

2023 Q3 Form 10-Q Financial Statement

#000149315223027763 Filed on August 11, 2023

Income Statement

Concept	2023 Q3	2023 Q2	2022 Q2
Revenue	$0.00	$0.00	$0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin	$642.1K	$670.7K	$377.5K
YoY Change	88.41%	77.68%	1168.31%
% of Gross Profit
Research & Development	$21.02K
YoY Change	1.25%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$663.1K	$670.6K	$377.4K
YoY Change	83.4%	77.68%	1168.25%
Operating Profit
YoY Change
Interest Expense	$8.082K	$7.321K	$827.00
YoY Change	397.97%	785.25%	354.4%
% of Operating Profit
Other Income/Expense, Net	-$12.13K	$1.101K	-$174.8K
YoY Change	-96.94%	-100.63%
Pretax Income	-$675.2K	-$669.6K	-$779.3K
YoY Change	-15.14%	-14.08%	132.72%
Income Tax
% Of Pretax Income
Net Earnings	-$675.2K	-$669.5K	-$779.3K
YoY Change	-15.14%	-14.08%	132.72%
Net Earnings / Revenue
Basic Earnings Per Share	-$0.07	-$0.09	-$0.29
Diluted Earnings Per Share	-$0.07	-$0.09	-$290.8K
COMMON SHARES
Basic Shares Outstanding	11.63M shares	11.08M shares	2.680M shares
Diluted Shares Outstanding	9.109M shares	7.074M shares	2.680M shares

Balance Sheet

Concept	2023 Q3	2023 Q2	2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$9.983M	$779.2K	$1.424M
YoY Change	669.03%	-45.28%	65.04%
Cash & Equivalents	$4.681M	$779.2K	$1.424M
Short-Term Investments
Other Short-Term Assets	$5.302M	$9.860K	$42.99K
YoY Change	5639.72%	-77.06%	838.65%
Inventory
Prepaid Expenses	$473.4K	$9.856K	$42.99K
Receivables
Other Receivables
Total Short-Term Assets	$10.46M	$789.1K	$1.467M
YoY Change	651.98%	-46.21%	69.13%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$802.0K	$822.2K	$779.5K
YoY Change	8.56%	5.48%	25.63%
Other Assets
YoY Change
Total Long-Term Assets	$802.0K	$822.2K	$779.5K
YoY Change	8.56%	5.48%	25.63%
TOTAL ASSETS
Total Short-Term Assets	$10.46M	$789.1K	$1.467M
Total Long-Term Assets	$802.0K	$822.2K	$779.5K
Total Assets	$11.26M	$1.611M	$2.247M
YoY Change	428.74%	-28.28%	50.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$812.7K	$809.8K	$824.2K
YoY Change	0.32%	-1.74%	114.63%
Accrued Expenses			$21.22K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$690.1K
YoY Change	-100.0%	-100.0%	4170.61%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$1.273M	$1.310M	$1.991M
YoY Change	-45.91%	-34.22%	36.17%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$0.00	$0.00	$0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.273M	$1.310M	$1.991M
Total Long-Term Liabilities	$0.00	$0.00	$0.00
Total Liabilities	$1.273M	$1.310M	$1.991M
YoY Change	-45.91%	-34.22%	36.17%
SHAREHOLDERS EQUITY
Retained Earnings	-$4.327M	-$3.652M	-$1.294M
YoY Change	107.05%	182.16%
Common Stock	$1.758K	$1.107K	$868.00
YoY Change	102.53%	27.53%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$9.986M	$301.5K	$255.3K
YoY Change
Total Liabilities & Shareholders Equity	$11.26M	$1.611M	$2.247M
YoY Change	428.74%	-28.28%	50.99%

Cashflow Statement

Concept	2023 Q3	2023 Q2	2022 Q2
OPERATING ACTIVITIES
Net Income	-$675.2K	-$669.5K	-$779.3K
YoY Change	-15.14%	-14.08%	132.72%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities	-$397.9K	-$133.0K	-$129.2K
YoY Change	216.05%	2.9%	186.96%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities	-$40.00K	$0.00	$179.8K
YoY Change		-100.0%	8261.4%
Cash From Investing Activities	-$40.00K	$0.00	$179.8K
YoY Change		-100.0%	8261.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	9.642M	0.000	0.000
YoY Change
NET CHANGE
Cash From Operating Activities	-397.9K	-133.0K	-129.2K
Cash From Investing Activities	-40.00K	0.000	179.8K
Cash From Financing Activities	9.642M	0.000	0.000
Net Change In Cash	9.204M	-133.0K	50.55K
YoY Change	-7411.12%	-363.05%	-217.89%
FREE CASH FLOW
Cash From Operating Activities	-$397.9K	-$133.0K	-$129.2K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
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	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2023-06-30
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity File Number EntityFileNumber	000-55600
	dei	Entity Registrant Name EntityRegistrantName	NEVADA CANYON GOLD CORP.
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	NV
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	46-5152859
	dei	Entity Address Address Line1 EntityAddressAddressLine1	5655 Riggins Court
	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 15
	dei	Entity Address City Or Town EntityAddressCityOrTown	Reno
	dei	Entity Address State Or Province EntityAddressStateOrProvince	NV
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	89502
	dei	City Area Code CityAreaCode	(888)
	dei	Local Phone Number LocalPhoneNumber	909-5548
	dei	Security12b Title Security12bTitle	Common Stock, $0.0001 par value
	dei	Trading Symbol TradingSymbol	NGLD
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Shell Company EntityShellCompany	false
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CY2023Q2	us-gaap	Common Stock Value CommonStockValue	1107	usd
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CY2023Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	3563620	usd
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CY2023Q2	NGLD	Consulting Fees ConsultingFees	124167	usd
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	NGLD	Stockbased Compensation Issued To Consultants StockbasedCompensationIssuedToConsultants	155556	usd
	NGLD	Stockbased Compensation Issued To Officer StockbasedCompensationIssuedToOfficer	233333	usd
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	5027	usd
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	21182	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-15167	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-12104	usd
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-42905	usd
	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	-17031	usd
	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	-27000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-207820	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-200902	usd
	us-gaap	Proceeds From Sale Maturity And Collections Of Investments ProceedsFromSaleMaturityAndCollectionsOfInvestments	614658	usd
	us-gaap	Payments To Acquire Mineral Rights PaymentsToAcquireMineralRights	20000	usd
	us-gaap	Payments To Acquire Mineral Rights PaymentsToAcquireMineralRights	410000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-20000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	204658	usd
	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	400	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	400	usd
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	-967	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-227820	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	3189	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	1007018	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	1420864	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	779198	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	1424053	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	358191	usd
	NGLD	Mineral Interests Acquired With Related Parties Payables Net MineralInterestsAcquiredWithRelatedPartiesPayablesNet	20000	usd
	us-gaap	Nature Of Operations NatureOfOperations	<p id="xdx_806_eus-gaap--NatureOfOperations_zyeP6j27b22e" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1 - <span id="xdx_821_zAnLR6hJinBb">NATURE OF BUSINESS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 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: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Nevada Canyon Gold Corp. (the “Company”) was incorporated under the laws of the state of <span id="xdx_90E_edei--EntityIncorporationStateCountryCode_c20230101__20230630_zgG0wu9uGphb" title="State of incorporation">Nevada</span> on <span id="xdx_90F_edei--EntityIncorporationDateOfIncorporation_dd_c20230101__20230630_zSKihrMJ7Jme" title="Date of incorporation">February 27, 2014</span>. On July 6, 2016, the Company changed its name from Tech Foundry Ventures, Inc. to Nevada Canyon Gold Corp. On December 15, 2021, the Company incorporated two subsidiaries, Nevada Canyon LLC and Canyon Carbon LLC. Both subsidiaries were incorporated under the laws of the state of Nevada. The Company is involved in acquiring and exploring mineral properties and royalty interests in Nevada and Idaho.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 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: 0pt 0pt 0pt 0; 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: 0pt 0pt 0pt 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: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s condensed consolidated financial statements are prepared using accounting principles generally accepted in the United States of America (“US GAAP”) applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company is in a business of acquiring and exploring mineral properties and royalty interests and has not generated or realized any revenues from these business operations. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 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: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The outcome of these matters cannot be predicted with any certainty at this time and raises substantial doubt that the Company will be able to continue as a going concern. These condensed consolidated financial statements do not include any adjustments to the amounts and classifications of assets and liabilities that may be necessary should the Company be unable to continue as a going concern. Management intends to obtain additional funding by borrowing funds, and/or a private placement of common stock.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	NV
	dei	Entity Incorporation Date Of Incorporation EntityIncorporationDateOfIncorporation	2014-02-27
CY2023Q2	us-gaap	Related Party Transaction Amounts Of Transaction RelatedPartyTransactionAmountsOfTransaction	421440	usd
CY2022Q2	us-gaap	Related Party Transaction Amounts Of Transaction RelatedPartyTransactionAmountsOfTransaction	313417	usd
	us-gaap	Related Party Transaction Amounts Of Transaction RelatedPartyTransactionAmountsOfTransaction	723506	usd
	us-gaap	Related Party Transaction Amounts Of Transaction RelatedPartyTransactionAmountsOfTransaction	358191	usd
CY2023Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2023Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2023Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2023Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
	us-gaap	Common Stock Voting Rights CommonStockVotingRights	Voting rights are not cumulative and, therefore, the holders of more than 50% of the common stock could, if they chose to do so, elect all of the directors of the Company.
CY2023Q2	us-gaap	Share Based Compensation ShareBasedCompensation	538107	usd
CY2022Q2	us-gaap	Share Based Compensation ShareBasedCompensation	313417	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	879062	usd
CY2021	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	980000	usd
CY2021Q4	us-gaap	Convertible Debt ConvertibleDebt	15064	usd
CY2021	us-gaap	Debt Conversion Converted Instrument Amount1 DebtConversionConvertedInstrumentAmount1	20000	usd
CY2021Q4	us-gaap	Debt Instrument Interest Rate Stated Percentage DebtInstrumentInterestRateStatedPercentage	0.15	pure
CY2022Q2	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	174830	usd
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	301392	usd

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ex32-2.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
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ngld-20230630_def.xml	Edgar Link	unprocessable
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$NGLD
Nevada Canyon Gold Corp Stock $ngld

2023 Q3 Form 10-Q Financial Statement

#000149315223027763 Filed on August 11, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NGLD Nevada Canyon Gold Corp Stock $ngld

2023 Q3 Form 10-Q Financial Statement

#000149315223027763 Filed on August 11, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NGLD
Nevada Canyon Gold Corp Stock $ngld