Company: BRGC
Filing Date: 2025-03-11
Form Type: 10-Q
Source: 0001683168-25-001482
Chunk: 3

Company: North America Lithium & Gold Corp
Filing Date: 2025-03-11
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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 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 September 30, 2002, there are no recent
accounting pronouncements that impact the Company’s operations.

NOTE 3 - STOCKHOLDERS
EQUITY/DEFICIT

As of September 30, 2002 the Company has authorized
100,000,000 shares of common stock. As of September 30, 2002 and September 30, 2001 respectively, there were 28,679,120
shares of Common Stock issued and outstanding and 46,700 Preferred shares issued and outstanding.

NOTE 4 - COMMITMENTS AND CONTINGENCIES

The Company did not have any contractual commitments
of September 30, 2002, and September 30, 2001.

NOTE 5 - SUBSEQUENT EVENTS

The Company’s management reviewed all material
events for the three and nine months ended September 30, 2002 for disclosure consideration. and determined that there were no reportable
subsequent events to disclose.

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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 assumptions which are difficult to predict. Therefore, actual outcomes and results may
differ materially from what is expressed