Mon, Aug 19, 4:12 PM (148 days ago)
For the quarter ended June 30, 2024, Ranger Gold Corp reported no revenues, consistent with the previous year. The company incurred total expenses of $7,549, slightly down from $7,725 in Q2 2023, resulting in a net loss of $7,549, compared to a loss of $7,725 in the prior year. As of June 30, 2024, the company had no current assets and liabilities of $256, leading to a total stockholders' equity deficit of $256. The accumulated deficit increased to $1,176,839, raising concerns about the company's ability to continue as a going concern without securing additional financing. Management highlights ongoing efforts to secure equity funding and manage operational costs, but acknowledges significant uncertainties in raising capital, particularly in the current inflationary environment. The company remains dependent on its principal stockholder, Bryan Glass, for funding, without a formal agreement for future capital contributions. The report emphasizes the high-risk nature of their mining operations and the need for substantial capital to acquire and develop mining properties. Overall, the financial health remains precarious, with no immediate plans to generate revenue or acquire assets.