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Golden Star Resource Corp., an exploration-stage Nevada mining company, filed its quarterly report for the six months ended December 31, 2025. The company remains pre-revenue and reported a net loss of $32,890 for the six‑month period, modestly improved from a $37,853 loss a year earlier.
Total assets were only $2,945, consisting of cash of $45 and prepaid fees. In contrast, total liabilities were $924,002, including a loan payable of $284,058 and amounts due to related parties of $473,519. The accumulated deficit reached $1,028,118, resulting in a stockholders’ deficiency of $921,058.
Management states there is “substantial doubt” about the company’s ability to continue as a going concern, as it has no revenues, minimal cash, and relies on unsecured, non‑interest‑bearing related‑party funding. The company holds four unpatented gold exploration claims in Nevada but has not yet conducted its own exploration program.
Golden Star Resource Corp. reported a quarterly net loss of $17,225 for the three months ended September 30, 2025, and disclosed a stockholders’ deficit of $905,393, raising “substantial doubt” about its ability to continue as a going concern.
Total assets were $7,295 against total liabilities of $912,687, including a loan payable to non‑related parties of $284,058 and amounts due to related parties of $469,449. Cash was $45. The company recorded no revenue and minimal operating expenses, consistent with its exploration-stage status. It reported 7,070,000 common shares outstanding as of November 8, 2025. The company holds four unpatented lode mining claims in Nevada; maintenance requirements are met through the next annual due date of September 1, 2026.
Golden Star Resources Corporation (GLNS) is an exploration-stage company with 7,070,000 common shares issued and no preferred shares. The company reported a net loss of $69,127 for the most recent period compared with $47,628 previously, and has cumulative losses since inception of $995,228, producing a stockholders' deficiency of $888,168 at June 30, 2025. Management states the company will require additional financing and plans to raise equity capital; there is no guarantee financing will be obtained.
Working capital activity shows accounts payable and accrued liabilities of $154,395 and a loan payable of $284,058 (component loans to related parties described as unsecured, non-interest bearing and due on demand). The company reports no material cybersecurity incidents to date and places cybersecurity under the CFO with Audit Committee updates. Auditors listed are Michael Gillespie & Associates, PLLC (PCAOB ID 6104).