The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 |
|---|---|
| Net loss | -432,025 |
| Impairment expense | 100,000 |
| Stock based compensation | 29,666 |
| (gain) loss on conversion of debt | -19,950 |
| (gain) loss on change in derivative liability | -52,593 |
| Prepaid expenses and other current assets | 2,450 |
| Accounts payable and accrued liabilities | 50,702 |
| Accounts payable - related party | 78,500 |
| Accrued interest | 66,105 |
| Net cash used in operating activities | -36,959 |
| Proceeds from notes payable from related parties | 0 |
| Repayment of notes payable from third parties | 20,000 |
| Repayment of advances from third parties | 93,390 |
| Proceeds from advances from third parties | 10,000 |
| Proceeds from sale of common stock | 140,000 |
| Net cash provided by financing activities | 36,610 |
| Net change in cash | -349 |
| Cash at beginning of period | 896 |
| Cash at end of period | 547 |
MAGELLAN COPPER & GOLD Corp (MAGE)
MAGELLAN COPPER & GOLD Corp (MAGE)