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MAGELLAN COPPER & GOLD Corp (MAGE)

MAGELLAN COPPER & GOLD Corp (MAGE)

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Balance Sheets Overview

Current Ratio
0.37%
Quick Ratio
0.37%
Debt to Asset Ratio
27101.63%
Unit: Dollar
Assets Breakdown
    • Prepaid expenses and other curre...
    • Cash
Liabilities Breakdown
    • Accumulated deficit
    • Additional paid-in capital
    • Convertible note payable, net
    • Others
Balance Sheets
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Cash
1,205
504
547
388
Prepaid expenses and other current assets
8,040
1,875
9,950
5,625
Total current assets
9,245
2,379
10,497
6,013
Mineral rights and properties
-
25,000
0
100,000
Total assets
9,245
27,379
10,497
106,013
Accounts payable
219,991
223,771
206,232
216,208
Accounts payable - related party
265,250
244,250
224,250
199,750
Accrued liabilities
206,469
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
156,339
145,803
135,382
127,049
Accrued interest
250,341
238,195
226,182
216,252
Advances payable - related party
70,905
70,905
70,905
70,905
Advances payable
212,607
163,055
67,988
42,847
Notes payable
25,000
25,000
25,000
25,000
Notes payable - related party
168,000
168,000
168,000
168,000
Derivative liability
264,666
133,230
99,751
165,610
Total current liabilities
2,505,546
2,292,276
2,103,757
2,111,688
Total liabilities
2,505,546
2,292,276
2,103,757
2,111,688
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
25,965
27,380
27,380
Additional paid-in capital
20,080,886
20,073,704
20,074,973
20,065,559
Accumulated deficit
-22,603,152
-22,364,566
-22,195,613
-22,098,614
Shareholders deficit
-2,496,301
-2,264,897
-2,093,260
-2,005,675
Total liabilities and shareholders deficit
9,245
27,379
10,497
106,013
Unit: Dollar. Numbers labeled with * are estimated quarterly values.

Time Plot

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Balance Sheets

Prepaid expenses andother current assets$8,040 (7.20%↑ Y/Y)Cash$1,205 (104.58%↑ Y/Y)Total current assets$9,245 (14.29%↑ Y/Y)Total assets$9,245 (-91.45%↓ Y/Y)Accumulated deficit-$22,603,152 (-3.00%↓ Y/Y)Total liabilities andshareholders deficit$9,245 (-91.45%↓ Y/Y)Shareholders deficit-$2,496,301 (-34.33%↓ Y/Y)Additional paid-in capital$20,080,886 (0.11%↑ Y/Y)Common shares, 0.001par value...$25,965 (-5.17%↓ Y/Y)Total liabilities$2,505,546 (27.41%↑ Y/Y)Total currentliabilities$2,505,546 (27.41%↑ Y/Y)Convertible note payable,net$380,978 (0.00%↑ Y/Y)Convertible note payable,net - related party$285,000 (0.00%↑ Y/Y)Accounts payable -related party$265,250 (45.94%↑ Y/Y)Derivative liability$264,666 (325.51%↑ Y/Y)Accrued interest$250,341 (21.34%↑ Y/Y)Accounts payable$219,991 (-3.21%↓ Y/Y)Advances payable$212,607 (710.77%↑ Y/Y)Accrued liabilities$206,469 (-3.56%↓ Y/Y)Notes payable -related party$168,000 (0.00%↑ Y/Y)Accrued interest -related parties$156,339 (31.69%↑ Y/Y)Advances payable -related party$70,905 (0.00%↑ Y/Y)Notes payable$25,000 (0.00%↑ Y/Y)