2023 Q4 Form 10-K Financial Statement

#000168316823007158 Filed on October 13, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q2 2023
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $182.9K $241.0K $8.602M
YoY Change -83.87% -88.82% -20.01%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $182.9K $241.0K $8.602M
YoY Change -83.87% -88.82% -20.01%
Operating Profit -$182.9K -$8.602M
YoY Change -83.87% -20.01%
Interest Expense $110.5K -$49.16K $308.8K
YoY Change -262.83% -82.96% 3.84%
% of Operating Profit
Other Income/Expense, Net -$411.5K -$186.3K -$1.887M
YoY Change -58.04% -159.33% 66.72%
Pretax Income -$594.4K -$546.0K -$10.49M
YoY Change -72.77% -77.85% -11.75%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$594.4K -$546.0K -$10.49M
YoY Change -72.77% -77.85% -11.75%
Net Earnings / Revenue
Basic Earnings Per Share $0.00 -$0.05
Diluted Earnings Per Share $0.00 $0.00 -$0.05
COMMON SHARES
Basic Shares Outstanding 308.2M shares 210.0M shares 193.2M shares
Diluted Shares Outstanding 418.0M shares 193.2M shares

Balance Sheet

Concept 2023 Q4 2023 Q2 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.020K $4.390K $4.390K
YoY Change 140.19% -93.88% -93.88%
Cash & Equivalents $5.021K $4.391K
Short-Term Investments
Other Short-Term Assets $482.5K $482.5K $482.5K
YoY Change 20.63% -79.57% -79.57%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $487.5K $486.9K $486.9K
YoY Change 21.25% -79.99% -79.99%
LONG-TERM ASSETS
Property, Plant & Equipment $450.0K $450.0K $507.5K
YoY Change -72.73% 0.0% 0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $507.5K $507.5K $507.5K
YoY Change -97.01% 0.0% 0.0%
TOTAL ASSETS
Total Short-Term Assets $487.5K $486.9K $486.9K
Total Long-Term Assets $507.5K $507.5K $507.5K
Total Assets $995.1K $994.4K $994.4K
YoY Change -94.27% -66.18% -66.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $109.8K $110.6K $110.6K
YoY Change 68.42% 109.56% 109.57%
Accrued Expenses $597.0K $75.68K $434.9K
YoY Change 996.9% 191.52% 82.43%
Deferred Revenue
YoY Change
Short-Term Debt $318.7K $244.6K $244.6K
YoY Change -94.57% 61.72% 61.72%
Long-Term Debt Due $391.9K $396.7K $396.7K
YoY Change -11.69% 22.52% 22.52%
Total Short-Term Liabilities $2.596M $2.197M $2.197M
YoY Change -67.03% 46.65% 46.65%
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 $2.596M $2.197M $2.197M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $2.596M $2.197M $2.197M
YoY Change -67.03% 46.65% 46.65%
SHAREHOLDERS EQUITY
Retained Earnings -$26.51M -$25.55M
YoY Change 7.71% 69.66%
Common Stock $471.1K $227.1K
YoY Change 145.55% 39.51%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.601M -$1.202M -$1.202M
YoY Change
Total Liabilities & Shareholders Equity $995.1K $994.4K $994.4K
YoY Change -94.27% -66.18% -66.18%

Cashflow Statement

Concept 2023 Q4 2023 Q2 2023
OPERATING ACTIVITIES
Net Income -$594.4K -$546.0K -$10.49M
YoY Change -72.77% -77.85% -11.75%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$136.4K -$55.80K -$461.6K
YoY Change 80.85% -108.46% -37.59%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 127.9K 56.59K $394.2K
YoY Change 81.16% -109.68% -60.76%
NET CHANGE
Cash From Operating Activities -136.4K -55.80K -$461.6K
Cash From Investing Activities 0.000 $0.00
Cash From Financing Activities 127.9K 56.59K $394.2K
Net Change In Cash -8.510K 790.0 -$67.33K
YoY Change 76.19% -100.79% -203.69%
FREE CASH FLOW
Cash From Operating Activities -$136.4K -$55.80K -$461.6K
Capital Expenditures
Free Cash Flow
YoY Change

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CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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CY2023 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
231200 usd
CY2022 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
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CY2023 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
127355 usd
CY2022 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
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CY2023 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
15000 usd
CY2022 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
-0 usd
CY2023 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
42000 usd
CY2022 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
138971 usd
CY2023 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
33815 usd
CY2022 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
394240 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1004565 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-67333 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
64935 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
71724 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6789 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4391 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
71724 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
0 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
0 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2023 stal Conversion Of Debt
ConversionOfDebt
154300 usd
CY2022 stal Conversion Of Debt
ConversionOfDebt
97154 usd
CY2023 stal Common Stock Issued For Investment
CommonStockIssuedForInvestment
0 usd
CY2022 stal Common Stock Issued For Investment
CommonStockIssuedForInvestment
300000 usd
CY2023 stal Common Stock Issued For Prepaid Services
CommonStockIssuedForPrepaidServices
0 usd
CY2022 stal Common Stock Issued For Prepaid Services
CommonStockIssuedForPrepaidServices
1813854 usd
CY2023 us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_80E_eus-gaap--NatureOfOperations_z9zSVwJPkcSf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>NOTE 1 – <span id="xdx_829_zLohRhRfbE4f">NATURE OF BUSINESS </span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="background-color: white"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="background-color: white">Star Alliance International Corp. (“the Company”, “we”, “us”) was originally incorporated with the name Asteriko Corp. in the State of Nevada on April 17, 2014 under the laws of the state of Nevada. The primary purpose of the Company is to acquire and develop gold mining as well as certain other mining properties worldwide, finding patented new mining technologies and proprietary technology outside the mining industry.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="background-color: white"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84C_eus-gaap--UseOfEstimates_zCmWK0XKf5v5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><span style="text-decoration: underline"><span id="xdx_86B_zWAvLxzBf3Ya">Use of Estimates</span></span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; 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 reporting period. Actual results could differ from those estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2023Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-25547794 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-10489394 usd
CY2023 us-gaap Other Noncash Expense
OtherNoncashExpense
9722349 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2023Q2 stal Mine Assets
MineAssets
450000 usd
CY2022Q2 stal Mine Assets
MineAssets
450000 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
450000 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
450000 usd
CY2023Q2 us-gaap Other Notes Payable
OtherNotesPayable
127400 usd
CY2022Q2 us-gaap Other Notes Payable
OtherNotesPayable
119215 usd
CY2022Q2 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
515000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
231306 usd
CY2023 us-gaap Payments For Repurchase Of Redeemable Convertible Preferred Stock
PaymentsForRepurchaseOfRedeemableConvertiblePreferredStock
244300 usd
CY2023Q2 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
502006 usd
CY2022Q2 stal Less Debt Discount
LessDebtDiscount
-191248 usd
CY2023Q2 stal Less Debt Discount
LessDebtDiscount
-105354 usd
CY2022Q2 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
323752 usd
CY2023Q2 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
396652 usd
CY2021Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
0 usd
CY2022 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues
552517 usd
CY2022 stal Derivative Loss Due To Mark To Market Adjustment
DerivativeLossDueToMarkToMarketAdjustment
136714 usd
CY2022Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
689231 usd
CY2023 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues
270062 usd
CY2023 stal Decrease To Derivative Due To Conversion
DecreaseToDerivativeDueToConversion
-302571 usd
CY2023 stal Derivative Loss Due To Mark To Market Adjustment
DerivativeLossDueToMarkToMarketAdjustment
353369 usd
CY2023Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
1010145 usd
CY2023Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2023Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Stockholders Equity Note Subscriptions Receivable
StockholdersEquityNoteSubscriptionsReceivable
50000 usd
CY2023Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
991300 usd
CY2022Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
830300 usd
CY2023Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
991300 usd
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
830300 usd
CY2023Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2022Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2023Q2 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
991300 usd
CY2022Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2023Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd

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