Tue, Jul 16, 7:54 PM (53 days ago)
KAT Exploration, Inc.'s Form 10-Q for the quarter ended February 29, 2024, highlights the company's limited operations and ongoing search for a merger or acquisition opportunity. During the quarter, the company reported no revenue and a net loss of $6,533, compared to a loss of $712 in the same period last year. The company's stockholders' deficit increased to $25,051 from $18,518 as of November 30, 2023. The company had no cash on hand at the end of the period and relied on related party funding to cover expenses. Management does not anticipate significant operations or income until a transaction is completed. The company plans to focus on opportunities in the mining sector. There were no changes in internal controls over financial reporting during the quarter.