PATRIOT GOLD CORP (PGOL) Form 10-Q — May 15, 2026
Patriot Gold Corp. reported a net loss of $273,021 for the quarter ended March 31, 2026, with zero revenue generated from its primary Moss Mine royalty due to ongoing litigation and a bankruptcy stay against royalty payer Golden Vertex Corp. The filing includes explicit going-concern language, stating that current cash of $38,205 is insufficient to cover estimated minimum operational costs for the next 12 months, which are projected at $1,000,000. The company acknowledges it may not have sufficient funds to support its business in 2026.
Key figures
- Eps
- 0
- Revenue
- 0
- Total Debt
- 2297598
- Total Assets
- 177977
- Cash Position
- 38205
- Shares Outstanding
- 68296490
- Reverse split ratio
- 1:10
- Potential dilution shares
- 50700000
- Operating funding need 12m
- 1000000
- Convertible note interest rate
- 10%
- Convertible note principal usd
- 786793
- Convertible note conversion price
- 0.016
Price after filing
Close on the filing date to close N calendar days later (from $0.05). Historical, not a forecast.
AI analysis
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