Cover
Cover - shares | 3 Months Ended | |
Sep. 30, 2021 | Nov. 15, 2021 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Sep. 30, 2021 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2022 | |
Current Fiscal Year End Date | --06-30 | |
Entity File Number | 000-52837 | |
Entity Registrant Name | GOLDEN STAR RESOURCE CORP. | |
Entity Central Index Key | 0001375348 | |
Entity Address, Address Line One | #300 – 500 North Rainbow Blvd | |
Entity Address, City or Town | Las Vegas | |
Entity Address, State or Province | NV | |
Entity Address, Postal Zip Code | 89107 | |
City Area Code | (760) | |
Local Phone Number | 464-9869 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | No | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 7,070,000 |
Condensed Interim Balance Sheet
Condensed Interim Balance Sheets (Unaudited) - USD ($) | Sep. 30, 2021 | Jun. 30, 2021 |
Current | ||
Cash | $ (2) | $ 92 |
Prepaid fees | 3,750 | 2,500 |
TOTAL ASSETS | 3,748 | 2,592 |
Current | ||
Accounts payables and accrued liabilities | 196,229 | 200,622 |
Loan payable (Note 7) | 201,558 | 201,558 |
Due to related parties (Note 6) | 292,012 | 268,046 |
TOTAL LIABILITIES | 689,799 | 670,226 |
STOCKHOLDERS’ (DEFICIENCY) EQUITY | ||
Authorized: 100,000,000 voting common shares with a par value of $0.00001 per share 100,000,000 preferred shares with a par value of $0.00001 per share; none issued Issued: 7,070,000 common shares | 70 | 70 |
Additional paid in capital | 106,990 | 106,990 |
Deficit accumulated during the exploration stage | (793,111) | (774,694) |
Total Stockholders’ (Deficiency) Equity | (686,051) | (667,634) |
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIENCY) EQUITY | $ 3,748 | $ 2,592 |
Condensed Interim Balance She_2
Condensed Interim Balance Sheets (Unaudited) (Parenthetical) - $ / shares | Sep. 30, 2021 | Jun. 30, 2021 |
Statement of Financial Position [Abstract] | ||
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, par value | $ 0.00001 | $ 0.00001 |
Preferred stock, shares authorized | 100,000,000 | 100,000,000 |
Preferred stock, par value | $ 0.00001 | $ 0.00001 |
Preferred stock, shares issued | 0 | 0 |
Common stock, shares issued | 7,070,000 | 7,070,000 |
Condensed Interim Statements of
Condensed Interim Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) | 3 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Expenses | ||
Foreign exchange loss (gain) | $ 21 | $ 25 |
Bank fees | 14 | 12 |
Professional fees | 8,825 | 6,747 |
Office expenses | 2,000 | 2,000 |
Transfer and filing fees | 7,557 | 5,176 |
Total Expenses | 18,417 | 13,960 |
Net Loss and Comprehensive Loss | $ (18,417) | $ (13,960) |
Basic and fully diluted loss per share | $ 0 | $ 0 |
Weighted average number of common shares outstanding | 7,070,000 | 7,070,000 |
Condensed Interim Statements _2
Condensed Interim Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Cash flow from operating activities: | ||
Net loss for the period | $ (18,417) | $ (13,960) |
Change in working capital Items: | ||
Prepaid fees | (1,250) | (3,250) |
Accounts payables and accrued liabilities | (4,393) | (155) |
Net Cash Used in Operating Activities | (24,060) | (17,365) |
Cash flow from financing activities | ||
Due to related parties | 23,966 | 17,471 |
Net Cash Provided by Financing Activities | 23,966 | 17,471 |
Cash increase (decrease) in the period | (94) | 106 |
Cash, beginning of period | 92 | 29 |
Cash, end of period | $ (2) | $ 135 |
Condensed Interim Statements _3
Condensed Interim Statements of Stockholders' Deficiency (Unaudited) - USD ($) | 3 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Balance, June 30, 2021 | $ (667,634) | $ (627,936) |
Net loss for the year | (18,417) | (13,960) |
Balance, September 30, 2021 | (686,051) | (641,896) |
Common Stock [Member] | ||
Balance, June 30, 2021 | $ 70 | $ 70 |
Balance, shares | 7,070,000 | 7,070,000 |
Net loss for the year | ||
Balance, September 30, 2021 | $ 70 | $ 70 |
Balance, shares | 7,070,000 | 7,070,000 |
Additional Paid-in Capital [Member] | ||
Balance, June 30, 2021 | $ 106,990 | $ 106,990 |
Net loss for the year | ||
Balance, September 30, 2021 | 106,990 | 106,990 |
Retained Earnings [Member] | ||
Balance, June 30, 2021 | (774,694) | (734,996) |
Net loss for the year | (18,417) | (13,960) |
Balance, September 30, 2021 | $ (793,111) | $ (748,956) |
NATURE OF OPERATIONS
NATURE OF OPERATIONS | 3 Months Ended |
Sep. 30, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
NATURE OF OPERATIONS | 1. NATURE OF OPERATIONS Organization The Company was incorporated in the State of Nevada, U.S.A. on April 21, 2006. Exploration Stage Activities The Company has been in the exploration stage since its formation and is primarily engaged in the acquisition and exploration of mining claims. Upon location of a commercial minable reserve, the Company expects to actively prepare the site for its extraction and enter a development stage. Going Concern The general business strategy of the Company is to acquire and explore mineral properties. The continued operations of the Company and the recoverability of mineral property costs is dependent upon the existence of economically recoverable mineral reserves, the ability of the Company to obtain necessary financing to complete the development of its properties, and upon future profitable production. The Company has not generated any revenues or completed development of any properties to date. Further, the Company has a working capital deficit of $ 686,051 667,634 793,111 In March 2020, the World Health Organization declared coronavirus COVID-19 a global pandemic. This contagious disease outbreak, which has continued to spread, and any related adverse public health developments, has adversely affected workforces, economies, and financial markets globally, potentially leading to an economic downturn. It is not possible for the Company to predict the duration or magnitude of the adverse results of the outbreak and its effects on the Company’s business or ability to raise funds. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. These condensed interim financial statements do not include any adjustments that might result from this uncertainty. |
BASIS OF PRESENTATION
BASIS OF PRESENTATION | 3 Months Ended |
Sep. 30, 2021 | |
Accounting Policies [Abstract] | |
BASIS OF PRESENTATION | 2. BASIS OF PRESENTATION The accompanying condensed interim financial statements have been prepared in accordance with Generally Accepted Accounting Principles (“GAAP”) in the United States of America (“U.S.”) as promulgated by the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) and with the rules and regulations of the U.S Securities and Exchange Commission (“SEC”) for interim financial information. The condensed interim financial statements reflect all normal recurring adjustments, which, in the portion of management, are considered necessary for a fair presentation of the results for the periods shown. The results of operations for the periods presented are not necessarily indicative of the results expected for any future period. The information included in these condensed interim financial statements should be read in conjunction with Management’s Discussion and Analysis and the audited financial statements and accompanying notes filed in Form 10-K for the year ended June 30, 2021 filed on September 28, 2021 with the U.S. Securities and Exchange Commission. GOLDEN STAR RESOURCE CORP. NOTES TO CONDENSED INTERIM FINANCIAL STATEMENTS SEPTEMBER 30, 2021 (Stated in U.S. Dollars) (Unaudited) |
RECENT ADOPTED AND FUTURE ACCOU
RECENT ADOPTED AND FUTURE ACCOUNTING STANDARD | 3 Months Ended |
Sep. 30, 2021 | |
Accounting Changes and Error Corrections [Abstract] | |
RECENT ADOPTED AND FUTURE ACCOUNTING STANDARD | 3. RECENT ADOPTED AND FUTURE ACCOUNTING STANDARD RECENT ADOPTED ACCOUNTING STANDARD The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flow statements. RECENT ISSUED ACCOUNTING STANDARDS NOT YET ADOPTED In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes: ASU No. 2019-12 is effective as for public business entities, for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. This ASU removes specific exceptions to the general principles in Topic 740 in Generally Accepted Accounting Principles (GAAP). It eliminates the need for an organization to analyse whether the following apply in a given period: ● Exception to the incremental approach for intra period tax allocation; ● Exceptions to accounting for basis differences when there are ownership changes in foreign investments; and ● Exception in interim period income tax accounting for year-to-date losses that exceed anticipated losses. The ASU also improves financial statement preparers’ application of income tax-related guidance and simplifies GAAP for: ● Franchise taxes that are partially based on income; ● Transactions with a government that result in a step up in the tax basis of goodwill; - Separate financial statements of legal entities that are not subject to tax; and ● Enacted changes in tax laws in interim periods. The Company’s management does not believe that any recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements. |
MINERAL CLAIM INTEREST
MINERAL CLAIM INTEREST | 3 Months Ended |
Sep. 30, 2021 | |
Extractive Industries [Abstract] | |
MINERAL CLAIM INTEREST | 4. MINERAL CLAIM INTEREST On August 15, 2013, the Company entered into a Quitclaim Deed (the “Deed”) with Kee Nez Resources, LLC (“Grantor”), a Utah limited liability company. Pursuant to the Deed, the Grantor, in consideration of $ 10 The Company did not incur further expenditures on the property during the period ended September 30, 2021 (June 30, 2021: $ nil GOLDEN STAR RESOURCE CORP. NOTES TO CONDENSED INTERIM FINANCIAL STATEMENTS SEPTEMBER 30, 2021 (Stated in U.S. Dollars) (Unaudited) |
CAPITAL STOCK
CAPITAL STOCK | 3 Months Ended |
Sep. 30, 2021 | |
Equity [Abstract] | |
CAPITAL STOCK | 5. CAPITAL STOCK a) On April 24, 2006, the Company issued 6,000,000 0.00001 two b) On March 28, 2007, the Company closed its public offering and issued additional 1,070,000 0.10 c) The Company has no no |
DUE TO RELATED PARTIES
DUE TO RELATED PARTIES | 3 Months Ended |
Sep. 30, 2021 | |
Related Party Transactions [Abstract] | |
DUE TO RELATED PARTIES | 6. DUE TO RELATED PARTIES As of September 30, 2021, due to related parties balance of $ 292,012 268,046 a) $ 264,012 240,046 b) $ 28,000 28,000 |
LOAN PAYABLE
LOAN PAYABLE | 3 Months Ended |
Sep. 30, 2021 | |
Debt Disclosure [Abstract] | |
LOAN PAYABLE | 7. LOAN PAYABLE Loan payable was payable to non-related parties. The loan amount is unsecured, non-interest bearing and due on demand. |
NATURE OF OPERATIONS (Details N
NATURE OF OPERATIONS (Details Narrative) - USD ($) | Sep. 30, 2021 | Jun. 30, 2021 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Working capital deficit | $ 686,051 | $ 667,634 |
Deficit accumulated since inception | $ 793,111 | $ 774,694 |
MINERAL CLAIM INTEREST (Details
MINERAL CLAIM INTEREST (Details Narrative) - USD ($) | Aug. 15, 2013 | Sep. 30, 2021 | Jun. 30, 2021 |
Extractive Industries [Abstract] | |||
Mineral claim payment | $ 10 | ||
Expenditures incur on property |
CAPITAL STOCK (Details Narrativ
CAPITAL STOCK (Details Narrative) | Mar. 28, 2007$ / sharesshares | Apr. 24, 2006Integer$ / sharesshares | Sep. 30, 2021shares | Jun. 30, 2021shares |
Equity [Abstract] | ||||
Common stock shares issued during period for founding shareholders, shares | 1,070,000 | 6,000,000 | ||
Common stock price per share | $ / shares | $ 0.10 | $ 0.00001 | ||
Number of founding shareholders | Integer | 2 | |||
Stock issued during the period, shares | ||||
Number of dilutive securities issued |
DUE TO RELATED PARTIES (Details
DUE TO RELATED PARTIES (Details Narrative) - USD ($) | Sep. 30, 2021 | Jun. 30, 2021 |
Related Party Transaction [Line Items] | ||
Due to related parties | $ 292,012 | $ 268,046 |
Related Party [Member] | ||
Related Party Transaction [Line Items] | ||
Due to related parties | 264,012 | 240,046 |
Director [Member] | ||
Related Party Transaction [Line Items] | ||
Due to related parties | $ 28,000 | $ 28,000 |