Thu, May 8, 6:08 PM (3 days ago)
**Minerva Gold Inc. (MNVG) - Financial Summary (Fiscal Year Ended February 28, 2025)** **Financial Performance:** - **Revenue:** $26,000 (up from $0 in 2024) - **Net Income:** -$7,123 (improved from -$35,660 in 2024) - **Operating Expenses:** $33,123 (down from $35,660 in 2024) - **Earnings Per Share:** -$0.00 (basic and diluted) - **Total Assets:** $27,005 (up from $58 in 2024) - **Total Liabilities:** $67,780 (up from $33,710 in 2024) - **Stockholders' Deficit:** -$40,775 (down from -$33,652 in 2024) **Strategic Overview:** - Focused on mineral property exploration and design services. - Expanded operations to include design services, diversifying offerings. - Long-term vision: strengthen competitive position and meet evolving client needs. **Future Outlook:** - Expects to require additional capital for long-term operating requirements. - Plans to raise capital through equity or debt securities. - Working capital requirements expected to increase with business growth. **Risk Factors:** - No specific risk factors disclosed, but typical risks for a junior mineral exploration company include operational, financial, and market risks. **Financial Condition:** - Going concern assumption, with substantial doubt about the ability to continue as a going concern. - Management plans to obtain additional capital from shareholders and third-party financing. **Market Position Changes:** - No significant market position changes disclosed. - 6,570,000 shares of common stock issued and outstanding, held by 52 shareholders. - No dividends declared or paid, and none anticipated in the foreseeable future. **Key Financial Ratios (approximate):** - Current Ratio: 0.35 (Current Assets / Current Liabilities) - Debt-to-Equity Ratio: -1.66 (Total Liabilities / Stockholders' Equity) - Gross Margin: -135.46% (Gross Profit / Revenue)