For the quarter ending 2025-10-31, MGNC has $113,090 in assets. $157,102 in debts.
| Balance Sheets | 2025-10-31 | 2025-07-31 | ||
|---|---|---|---|---|
| Prepaid expense | 9,345 | 9,345 | ||
| Total current assets | 9,345 | 9,345 | ||
| Intangible assets, net | 103,745 | 111,034 | ||
| Total other assets | 103,745 | 111,034 | ||
| Total assets | 113,090 | 120,379 | ||
| Accounts payable | 5,668 | 396 | ||
| Deferred income | 0 | 5,272 | ||
| Loan payable related party | - | 92,462 | ||
| Due to shareholder | - | 58,972 | ||
| Loan payable related party | 151,434 | - | ||
| Total current liabilities | 157,102 | 157,102 | ||
| Total liabilities | 157,102 | 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 october 31, 2025 and april 30, 2025, respectively | 5,829 | 5,829 | ||
| Additional paid-in capital | 168,897 | 168,897 | ||
| Accumulated deficit | -218,738 | -211,449 | ||
| Total stockholders equity (deficit) | -44,012 | 36,723 | ||
| Total liabilities & stockholders equity (deficit) | 113,090 | 120,379 | ||
Mag Magna Corp (MGNC)
Mag Magna Corp (MGNC)