TMGI: the balance sheet

MyFinsight

For the quarter ending 2026-02-28, TMGI has $3,327,621 in assets. $8,769,730 in debts. $349,224 in cash and cash equivalents.

Balance Sheets	2026-02-28	2025-11-30	2025-08-31	2025-05-31
Cash and cash equivalents	349,224	81,317	41,007	1,071
Accounts receivable	38,160	38,160	22,960	11,040
Prepaid investment	405,000	205,000	-	-
Total current assets	792,384	324,477	63,967	12,111
Investment in acquisition	2,500,000	2,500,000	2,500,000	6,200,000
Loans receivable, related party	35,237	35,237	35,237	35,237
Music inventory, net of accumulated depreciation of -0- and 21,815, respectively	0	0	414	453
Trademark costs	0	0	11,165	11,165
Total other assets	2,535,237	2,535,237	2,546,816	6,246,855
Total assets	3,327,621	2,859,714	2,610,783	6,258,966

Bank overdraft	-	-	-	0
Accounts payable and accrued liabilities	341,053	131,515	123,636	106,217
Accrued interest payable on notes payable	1,167,577	1,082,728	934,518	1,182,097
Accrued consulting fees	21,887	0	0	351,700
Notes payable	1,326,185	618,998	635,801	1,409,646
Notes payable to related parties	2,546,300	2,596,300	2,616,792	2,086,815
Derivative liability	3,366,728	2,449,374	63,448	625,824
Total current liabilities	8,769,730	6,878,915	4,374,195	5,762,299
Total liabilities	8,769,730	6,878,915	4,374,195	5,762,299
Common stock, 0.0001 par value 20,000,000,000 shares authorized, 11,589,180 and 4,212,498 shares issued and outstanding, respectively	1,158	753	411	421,250
Additional paid-in-capital	16,626,904	16,362,311	16,478,194	15,887,355
Accumulated deficit	-22,070,171	-20,382,265	-18,242,017	-15,811,938
Total stockholders' equity	-5,442,109	-4,019,201	-1,763,412	496,667
Total liabilities and stockholders' equity	3,327,621	2,859,714	2,610,783	6,258,966

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