MAGE: the balance sheet

MyFinsight

For the quarter ending 2026-03-31, MAGE has $27,379 in assets. $2,292,276 in debts.

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash	504	547	388	589
Prepaid expenses and other current assets	1,875	9,950	5,625	7,500
Total current assets	2,379	10,497	6,013	8,089
Mineral rights and properties	25,000	0	100,000	100,000
Total assets	27,379	10,497	106,013	108,089

Accounts payable	223,771	206,232	216,208	227,298
Accounts payable - related party	244,250	224,250	199,750	181,750
Accrued liabilities	214,089	214,089	214,089	214,089
Convertible note payable, net - related party	285,000	285,000	285,000	285,000
Convertible note payable, net	380,978	380,978	380,978	380,978
Accrued interest - related parties	145,803	135,382	127,049	118,716
Accrued interest	238,195	226,182	216,252	206,321
Advances payable - related party	70,905	70,905	70,905	70,905
Advances payable	163,055	67,988	42,847	26,223
Notes payable	25,000	25,000	25,000	25,000
Notes payable - related party	168,000	168,000	168,000	168,000
Derivative liability	133,230	99,751	165,610	62,200
Total current liabilities	2,292,276	2,103,757	2,111,688	1,966,480
Total liabilities	2,292,276	2,103,757	2,111,688	1,966,480
Common shares, 0.001 par value 1,000,000,000 shares authorized 25,964,295 and 27,379,295 shares issued and outstanding, respectively	25,965	27,380	27,380	27,380
Additional paid-in capital	20,073,704	20,074,973	20,065,559	20,059,566
Accumulated deficit	-22,364,566	-22,195,613	-22,098,614	-21,945,337
Shareholders' deficit	-2,264,897	-2,093,260	-2,005,675	-1,858,391
Total liabilities and shareholders' deficit	27,379	10,497	106,013	108,089

Unit: Dollar. Numbers labeled with * are estimated quarterly values.