All individual numbers are from the SEC provided Financial Statement and Notes Data Sets. No guarantee is made for their accuracy. This report only shows the values that are common to a significant number of companies.
FORMATION MINERALS, INC. Last Reported: 5/31/2024 Stock Symbol: SSTC

Business Address

4730 S. FORT APACHE RD.
SUITE 300
LAS VEGAS , NV US 89147

Mailing Address

4730 S. FORT APACHE RD.
SUITE 300
LAS VEGAS , NV US 89147
Phone Number: (347) 325-4677 / State Incorporated: NV / Fiscal Year End 4 /30

Balance Sheet

Date 1/31/2024 10/31/2023 4/30/2023 1/31/2023 10/31/2022 7/31/2022 4/30/2022 1/31/2022 10/31/2021 7/31/2021 4/30/2021 1/31/2021 10/31/2020 4/30/2020
Cash and Cash Equivalents -- -- -- -- -- -- -- $379,606.00 -- -- $699,777.00 $137,991.00 -- $85,962.00
Accounts Receivable Net Current -- -- -- -- $2,089.00 $1,458.00 -- -- -- -- $583.00 -- -- --
Inventory -- -- -- -- -- -- -- -- -- -- -- -- -- --
Prepaid Expenses and Other Current Assets -- -- -- -- -- -- -- -- -- -- -- -- -- --
Total Current Assets -- $15,358.00 $39,646.00 $68,541.00 $154,947.00 $279,700.00 $439,645.00 $383,801.00 -- -- $734,512.00 -- -- --
Property Plant and Equipement -- -- -- -- -- -- -- -- -- -- -- -- -- --
Intangible Assets Net -- -- -- -- -- -- -- -- -- -- -- -- -- --
Goodwill -- -- -- -- -- -- -- -- -- -- -- -- -- --
Other Assets -- -- -- -- -- -- -- -- -- -- -- -- -- --
Total Assets -- $15,358.00 $39,646.00 $68,541.00 $154,947.00 $279,700.00 $439,645.00 $383,801.00 -- -- $734,512.00 -- -- --
Accounts Payable -- -- -- -- -- -- $326,337.00 -- -- -- $326,337.00 -- -- --
Accrued Liabilities $43,500.00 -- $52,000.00 $65,394.00 $60,009.00 $63,765.00 $65,714.00 $34,201.00 -- -- $72,466.00 -- -- --
Total Current Liabilities $617,853.00 $1,165,528.00 $1,101,239.00 $907,879.00 $846,126.00 $895,603.00 $902,850.00 $900,808.00 -- -- $848,204.00 -- -- --
Long Term Debt -- -- -- -- -- -- $17,935.00 -- -- -- $117,714.00 -- -- --
Additional Paid-in Capital $647,900.00 $647,900.00 $647,900.00 $647,900.00 $647,900.00 $11,000.00 $49,600.00 $41,404.00 -- $11,000.00 $647,900.00 -- -- --
Accumulated Other Comprehensive Loss -- -- -- $-213,947.00 $-178,630.00 $-235,688.00 $-195,610.00 $-274,718.00 -- -- $-284,946.00 -- -- --
Accumulated Deficit $-3,483,139.00 $-6,334,768.00 $-6,027,209.00 $-5,797,777.00 $-5,644,371.00 $-5,495,271.00 $-4,433,352.00 $-4,173,274.00 -- -- $-3,583,385.00 -- -- --
Total Stockholders' Equity $-617,853.00 $-1,376,640.00 $-1,284,455.00 $-1,126,440.00 $-984,765.00 $-909,819.00 $177,602.00 $-517,007.00 $-447,905.00 -- $-113,692.00 $-949,726.00 $-853,625.00 $-728,237.00
Controlling Interest in Subsidiaries -- -- -- -- -- -- -- -- -- -- -- -- -- --
Total Liabilities and Equity -- $15,358.00 $39,646.00 $68,541.00 $154,947.00 $279,700.00 $439,645.00 $383,801.00 -- -- $734,512.00 -- -- --

Statement of Operations

Date 1/31/2024 10/31/2023 4/30/2023 1/31/2023 10/31/2022 7/31/2022 4/30/2022 1/31/2022 10/31/2021 7/31/2021 4/30/2021 1/31/2021 10/31/2020 4/30/2020
Total Revenues $1,146.00 $1,146.00 $4,417.00 $4,414.00 $4,414.00 $3,734.00 $6,424.00 -- -- -- -- $7,623.00 -- --
Cost of Revenues -- -- -- -- -- -- -- -- -- -- -- -- -- --
Gross Profit -- -- -- -- -- -- -- -- -- -- -- -- -- --
Research and Development $10,145.00 $10,145.00 $161,922.00 $74,171.00 $19,421.00 -- $165,139.00 $76,324.00 -- $21,964.00 -- $35,095.00 -- --
Selling, General, and Administrative -- -- -- -- -- -- -- -- -- -- -- -- -- --
Total Operating Expenses -- -- -- -- -- -- -- -- -- -- -- -- -- --
Loss from Operations $-1,134,871.00 $-306,497.00 $-779,097.00 $-488,718.00 $-152,062.00 $-181,268.00 $-1,043,851.00 $-597,143.00 -- $-178,018.00 -- $-92,406.00 -- --
Loss Before Income Taxes $-1,657,176.00 $-309,360.00 $-782,953.00 $-490,495.00 $-333,048.00 $-179,671.00 $-1,047,609.00 $-639,031.00 -- $-190,543.00 -- $-105,884.00 -- --
Earnings Per Share Basic $-0.03 $-0.01 $-0.01 $-0.01 $0.00 $0.00 $-0.02 -- -- $0.00 -- -- -- --
Weighted Average Shares Basic 56,349,183 56,349,183 87,645,057 97,736,842 105,723,183 105,723,183 61,379,022 -- -- 47,636,922 -- -- -- --
Earnings Per Share Diluted $-0.03 $-0.01 $-0.01 $-0.01 $0.00 $0.00 $-0.02 -- -- $0.00 -- -- -- --
Weighted Average Shares Diluted -- -- -- 97,736,842 105,723,183 105,723,183 61,379,022 -- -- 47,636,922 -- -- -- --
Common Stock Shares Authorized 250,000,000 250,000,000 250,000,000 250,000,000 250,000,000 250,000,000 250,000,000 250,000,000 -- -- 250,000,000 -- -- --
Common Stock Shares Outstanding 56,349,183 56,349,183 56,349,183 56,349,183 105,723,183 105,723,183 105,723,183 95,655,183 -- -- 47,295,183 -- -- --
Common Stock Value $563,492.00 $447,431.00 $425,431.00 $369,140.00 $576,820.00 $575,060.00 $564,060.00 $533,091.00 -- -- $252,951.00 -- -- --
Common Stock Par Or Stated Value Per Share $0.01 $0.01 $0.01 $0.01 $0.01 $0.01 $0.01 $0.01 -- -- $0.01 -- -- --
Payments Of Dividends Common Stock -- -- -- -- -- -- -- -- -- -- -- -- -- --
Preferred Stock Shares Authorized -- -- -- -- -- -- -- -- -- -- -- -- -- --
Preferred Stock Shares Outstanding -- -- -- -- -- -- -- -- -- -- -- -- -- --
Preferred Stock Value -- -- -- -- -- -- -- -- -- -- $24.00 -- -- --
Preferred Stock Par Or Stated Value Per Share -- -- -- -- -- -- -- -- -- -- -- -- -- --
Share Price -- -- -- -- -- -- -- -- -- -- -- -- -- --
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