GENTOR RESOURCES INC. (GNTOF) Form 6-K — Jun 2, 2026
Gentor Resources Inc. reported a net income of $648,025 for the first quarter of 2026, reversing a net loss of $39,212 in the same period last year. This profitability is entirely non-operating, driven by a $698,047 writeback of accrued salaries owed to CEO Arnold Kondrat and CFO Donat Madilo, who waived these amounts as a contribution to equity. The company remains in the exploration stage with no commercial operations and no material assets.
Key figures
- Eps
- 0.02
- Net Income
- 648025
- Total Debt
- 1054078
- Total Assets
- 310523
- Cash Position
- 25105
- Shares Outstanding
- 38906742
- Lease obligation
- 285925
- Related party debt waiver
- 698047
AI analysis
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