Company: BRGC
Filing Date: 2025-03-14
Form Type: 10-Q
Source: 0001683168-25-001594
Chunk: 6

Company: North America Lithium & Gold Corp
Filing Date: 2025-03-14
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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 ended June 30, 2005 and 2004,
we had revenue of $0 and $0, respectively.

Cost of Revenue

For the three months ended June 30, 2005 and 2004,
cost of revenue was $0 and $0.

Officer Compensation

We incurred $0 and $0 of officer compensation for the three months
ended June 30, 2005 and 2004, respectively.

General and administrative expenses

We had $0 of general and administrative expenses
(“ G& A”) for the three months ended June 30, 2005, compared to $0 for the three months June 30, 2004.

Professional fees

We incurred $0 of professional fees for the three
months ended June 30, 2005, compared to $0 for the three months ended June 30, 2004. Professional fees generally consist of audit, legal,
accounting and investor relation service fees.

Other income (expense)

For the three months ending June 30, 2005, we
had total other expense of $0, compared to total other expense of $0 for the three months ended June 30, 2004.

Net loss

We incurred a net loss of $0 for the three months
ended June 30 2005, compared to $0 for the three months ended June 30, 2004.

Cash flow from operations

Cash used in operating activities for the six
months ended June 30, 2005, was $0 compared to $0 of cash used in operating activities for the six months ended June 30, 2004.

Cash Flows from Financing

For the three months ended June 30, 2005, we netted
$0 from financing activities.

  11  

Going Concern

As of June 30, 2005, 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 revenue. As a result of these and other factors, our independent auditor has expressed substantial doubt
about our ability to continue as a going concern. Our future success and viability, therefore, are dependent upon our ability to generate
capital financing. The failure to generate sufficient revenues or raise additional capital may have a material and adverse effect upon
us and our shareholders.

Management’s plans with regard to these
matters encompass the following actions