Company: STRG
Filing Date: 2025-09-08
Form Type: 10-Q
Source: 0001640334-25-001648
Chunk: 10

Company: STARGUIDE GROUP, INC.
Filing Date: 2025-09-08
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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 the weighted average number of shares of common stock outstanding during the reporting period. Diluted loss per share reflects the potential dilution that could occur if convertible notes to issue common stock were converted resulting in the issuance of common stock that could share in the loss of the Company.  For the six months ended July 31, 2025 and 2024, convertible notes were dilutive instruments and were not included in the calculation of diluted loss per share as their effect would be antidilutive:   July 31,  July 31,   2025  2024   (Shares)  (Shares) Convertible note payable  1,316,868   858,370 

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As of July 31, 2025 and January 31, 2025, the total convertible shares from convertible notes totaling $131,687 and $103,787 issued to an unaffiliated party from July 31, 2023 through July 31, 2025 with conversion rate of $0.10 per shares was 1,316,868 shares and 1,037,870 shares. (Note 7)  Recent Accounting Pronouncements The Company has reviewed all recently issued, but not yet effective, considers the applicability and impact of all accounting standards updates (“ASUs”). Management periodically reviews new accounting standards that are issued.  The Company does not expect that any recently issued accounting pronouncements will have a significant effect on its condensed consolidated financial statements. Recently Adopted Accounting Standards In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280). The amendments in this update expand segment disclosure requirements, including new segment disclosure requirements for entities with a single reportable segment among other disclosure requirements. This update is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024.The adoption of ASU 2023-07 has not had a material effect on the Company’s statements and disclosures. In December 2023, the FASB issued ASU 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” to expand the disclosure requirements for income taxes, specifically related to the rate reconciliation and income taxes paid. The ASU 2023-09 is effective for annual reporting periods beginning after December 15, 2024.