GOING CONCERN	6 Months Ended
Aug. 31, 2024
GOING CONCERN
GOING CONCERN	NOTE 2 - GOING CONCERN The Company’s financial statements as of August 31, 2024, have been prepared using generally accepted accounting principles in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The Company has accumulated a loss from inception (February 24, 2021) to August 31, 2024, of $88,432. These factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern for a reasonable period of time. Management has assessed the Company’s current financial condition and plans to continue as a going concern. In its assessment, management acknowledges that there is substantial doubt about the Company’s ability to continue as a going concern within one year from the issuance of these financial statements. Management’s plan is to address this uncertainty by securing additional capital resources through funding from management and significant shareholders, as well as pursuing third-party equity and/or debt financing to meet the Company's minimal operating expenses. While management is actively seeking these additional sources of capital, there can be no assurance that the Company will be successful in obtaining the necessary financing. If the Company is unable to raise sufficient capital, it may be unable to continue as a going concern, and adjustments to the financial statements may be required, including potential impairment of assets and the reclassification of liabilities. These financial statements do not include any such adjustments, as management’s plans have not yet been realized.

GOING CONCERN

6 Months Ended

Aug. 31, 2024

NOTE 2 - GOING CONCERN

The Company’s financial statements as of August 31, 2024, have been prepared using generally accepted accounting principles in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The Company has accumulated a loss from inception (February 24, 2021) to August 31, 2024, of $88,432. These factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern for a reasonable period of time.

Management has assessed the Company’s current financial condition and plans to continue as a going concern. In its assessment, management acknowledges that there is substantial doubt about the Company’s ability to continue as a going concern within one year from the issuance of these financial statements. Management’s plan is to address this uncertainty by securing additional capital resources through funding from management and significant shareholders, as well as pursuing third-party equity and/or debt financing to meet the Company's minimal operating expenses.

While management is actively seeking these additional sources of capital, there can be no assurance that the Company will be successful in obtaining the necessary financing. If the Company is unable to raise sufficient capital, it may be unable to continue as a going concern, and adjustments to the financial statements may be required, including potential impairment of assets and the reclassification of liabilities. These financial statements do not include any such adjustments, as management’s plans have not yet been realized.

Minerva Gold Inc. 10-Q