MGNC: the balance sheet

MyFinsight

For the quarter ending 2026-01-31, MGNC has $1,926,400 in assets. $501,537 in debts.

Balance Sheets	2026-01-31	2025-10-31	2025-07-31
Cash	26,400	-	-
Prepaid expense	0	9,345	9,345
Total current assets	26,400	9,345	9,345
Mining assets	1,900,000	-	-
Intangible assets, net	0	103,745	111,034
Total other assets	1,900,000	103,745	111,034
Total assets	1,926,400	113,090	120,379

Accounts payable	5,668	5,668	396
Deferred income	0	0	5,272
Loan payable related party	-	-	92,462
Acquisition payable	300,000	-	-
Due to shareholder	-	-	58,972
Loan payable related parties	195,869	151,434	-
Total current liabilities	501,537	157,102	157,102
Total liabilities	501,537	157,102	157,102
Common stock, 0.001 par value, 500,000,000 shares authorized, 7,829,047 and 5,829,047 shares issued and outstanding at january 31, 2026 and april 30, 2025, respectively	7,829	5,829	5,829
Additional paid-in capital	1,766,897	168,897	168,897
Accumulated deficit	-349,863	-218,738	-211,449
Total stockholders equity (deficit)	-	-	36,723
Total stockholders equity / (deficit)	1,424,863	-44,012	-
Total liabilities & stockholders equity (deficit)	1,926,400	113,090	120,379

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