Quarterly ResultMay 14, 2026, 06:12 AM
Golden Star Resource Reports Q3 Loss, Going Concern Doubt
AI Summary
Golden Star Resource Corp., an exploration-stage company, reported a net loss of $14,135 for the three months and $47,025 for the nine months ended March 31, 2026. The company has not generated any revenues and faces a working capital deficit of $935,193, raising substantial doubt about its ability to continue as a going concern. Management intends to seek equity financing to meet obligations.
Key Highlights
- Net loss for the three months ended March 31, 2026, was $14,135, compared to $13,669 in the prior year.
- Net loss for the nine months ended March 31, 2026, was $47,025, down from $51,523 in the prior year.
- Working capital deficit increased to $935,193 as of March 31, 2026, from $888,168 at June 30, 2025.
- Total liabilities stood at $942,737 as of March 31, 2026.
- Cash balance was $45 as of March 31, 2026.
- Accumulated deficit since inception reached $1,042,253.
- The company is in the exploration stage and has not generated any revenues.
- Substantial doubt exists regarding the company's ability to continue as a going concern.