mgnc: the balance sheet

MyFinsight

For the quarter ending 2025-07-31, MGNC has $120,379 in assets. $157,102 in debts.

Unit: Dollar

Balance Sheets	2025-07-31
Prepaid expenses	9,345
Total current assets	9,345
Intangible assets, net	111,034
Total other assets	111,034
Total assets	120,379

Accounts payable	396
Deferred income	5,272
Loan payable related party	92,462
Due to shareholder	58,972
Total current liabilities	157,102
Total liabilities	157,102
Common stock, 0.001 par value, 75,000,000 shares authorized, 5,829,047 and 5,829,047 shares issued and outstanding at july 31, 2025, and april 30, 2025, respectively	5,829
Additional paid-in capital	168,897
Accumulated deficit	-211,449
Total stockholders equity (deficit)	36,723
Total liabilities & stockholders equity (deficit)	120,379