Company: BRGC
Filing Date: 2025-03-14
Form Type: 10-Q
Source: 0001683168-25-001594
Chunk: 2

Company: North America Lithium & Gold Corp
Filing Date: 2025-03-14
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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 our knowledge, the Company,
under the name of Go Call, Inc. ceased filing their reporting obligations on September 30, 2000 and ceased operations in December of
2000.

On May 31, 2004, new management filed a Certificate
of Revival with the State of Delaware to bring the Company into Good Standing and subsequently redomiciled the Company in the State of
Nevada on September 5, 2006.

On November 7, 2006, a certificate of notice
of termination of registration under section 12(g) of the Securities Exchange Act of 1934, Form 15-12G was filed on behalf of the Company.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying financial statements have been
prepared in accordance with the Financial Accounting Standards Board (“FASB”) “ FASB Accounting Standard Codification™”
(the “Codification”) which is the source of authoritative accounting principles recognized by the FASB to be applied
by nongovernmental entities in the preparation of financial statements in conformity with generally accepted accounting principles (“GAAP”)
in the United States.

Goin Concern

The accompanying financial statements have been
prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities
in the normal course of business for the twelve-month period following the date of these financial statements. As of June 30, 2005, the
Company had shareholders’ equity of $0.

Because the Company does not expect that existing
operational cash flow will be sufficient to fund presently anticipated operations, this raises substantial doubt about the Company’s
ability to continue as a going concern. Historically, the Company has raised capital through private placements, as an interim measure
to finance working capital needs and may continue to raise additional capital through the sale of common stock or other securities and
obtaining some short-term loans.

Use of Estimates

The preparation of financial statements in conformity
with US GAAP requires management to make estimates and assumptions that affect the reported amounts of liabilities and disclosure of contingent
assets and liabilities at the date of the financial statements. Actual results could differ from these estimates.

   8  

Cash and cash equivalents

The Company considers all highly liquid
temporary cash investments with an original maturity of three months or less to be cash equivalents. On June 30, 2005 and June 30,
2004, the Company’s cash