Company: BRGC
Filing Date: 2025-03-10
Form Type: 10-Q
Source: 0001683168-25-001444
Chunk: 3

Company: North America Lithium & Gold Corp
Filing Date: 2025-03-10
Form: 10-Q
Item: Part I, Item 1
Chunk 3
---
 positions quarterly to determine if facts or circumstances have arisen that might
cause it to change its judgment regarding the likelihood of a tax position’s sustainability under audit.

Net Loss per Share

Net loss per common share is computed
by dividing net loss by the weighted average common shares outstanding during the period as defined by Financial Accounting Standards,
ASC Topic 260, “ Earnings per Share.” Basic earnings per common share (“ EPS”) calculations are determined by dividing
net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations
are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding.

Recent Accountin Pronouncements

As of March 31, 2001, there are no recent accounting
pronouncements that impact the Company’s operations

NOTE 3 - STOCKHOLDERS EQUITY/DEFICIT

As of March 31, 2001 the Company has authorized
100,000,000 shares of common stock. As of March 31, 2001, and March 31, 2000 respectively, there were 28,679,120 And 25,863,003 shares
of Common Stock issued and outstanding and.46,700 and 10,000 Preferred shares issued and outstanding.

NOTE 4 - COMMITMENTS AND CONTINGENCIES

The Company did not have any contractual commitments
of March 31, 2001, and March 31, 2000.

NOTE 5 - SUBSEQUENT EVENTS

The Company’s management reviewed all material
events for the three ended March 31, 2001 for disclosure consideration. and determined that there were no reportable subsequent events
to disclose.

   9  

ITEM 2. MANAGEMENT’ S DISCUSSION AND ANALYSIS
OF FINANCIAL CONDITION AND PLAN OF OPERATIONS

Forward-looking Statements

There are “forward-looking statements”
contained in this quarterly report. All statements that express expectations, estimates, forecasts or projections are forward-looking
statements. In addition, other written or oral statements which constitute forward-looking statements may be made by us or on our behalf.
Words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,”
“estimate,” “project,” “forecast,” “may,” “should,” and variations of such
words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future
performance and involve risks, uncertainties and