Company: BRGC
Filing Date: 2025-03-10
Form Type: 10-Q
Source: 0001683168-25-001456
Chunk: 7

Company: North America Lithium & Gold Corp
Filing Date: 2025-03-10
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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 nine months ended September 30, 2001 and
2000, cost of revenue was $0 and $59,335.

General and administrative expenses

We had $0 of G& A expenses for the nine months
ended September 30, 2001, compared to $1,132,921 for the nine months September 30, 2001, a decrease of $1,132,921. The decrease is primarily
due to the Company having no operations as of September 30, 2001.

Officer Compensation

We incurred $0 and $0 of officer compensation for the nine months ended
September 30, 2001 and 2000, respectively.

Professional fees

We incurred $0 of professional fees for the nine
months ended September 30, 2001, compared to $0 for the nine months ended September 30, 2000, an increase/decrease of $0. Professional
fees generally consist of audit, legal, accounting and investor relation service fees. The increase/decrease is primarily due to the Company
not having any operations as of September 30, 2001.

Other income (expense)

For the nine months ending September 30, 2001,
we had total other expense of $0, compared to total other expense of $275,890 for the nine months ended September 30, 2000. In the current
period we incurred $7,838 of interest expense.

Net loss

We incurred a net loss of $0 for the nine months
ended September 30, 2001, compared to $1,540,805 for the nine months ended September 30, 2000. Our decrease in net loss is primarily due
to the Company having no operations as of September 30, 2001

Liquidity and Capital Resources

Cash flow from operations

Cash used in operating activities for the nine
months ended September 30, 2001, was $0 compared to $299,931 of cash used in operating activities for the nine months ended September
30, 2000.

Cash Flows from Financing

For the nine months ended September 30, 2001,
we netted $0 from financing activities.

Going Concern

As of September 30, 2001, there is substantial
doubt regarding our ability to continue as a going concern as we have not generated sufficient cash flow to fund our operations.

We have suffered recurring losses from operations
and have not yet generated any