Thu, Nov 21, 10:17 PM (81 days ago)
For the quarter ended September 30, 2024, Ranger Gold Corp. (OTC: RNGR) reported no revenue, maintaining its status as a dormant entity with no operational activities. The company incurred expenses of $4,323, resulting in a net loss of the same amount, a decrease from the $5,950 loss in Q3 2023. As of the reporting date, total liabilities were $256, with an accumulated deficit of $1,181,161. Cash flow from operations was negative at $11,615, offset by capital contributions from the principal shareholder, Bryan Glass. The financial statements raise substantial doubts about the company's ability to continue as a going concern, highlighting reliance on future financing for operational viability. The company has no current assets or contractual obligations, and its ability to raise capital may be hindered by broader economic conditions. Management is focused on securing additional funding to pursue mining opportunities, although no assurances can be made regarding future success. Overall, the financial position reflects significant uncertainty and reliance on external financing for any potential operational activities.