Form 10-Q - Quarterly report [Sections 13 or 15(d)]

U. S. Securities and Exchange Commission

Washington, D. C. 20549

FORM 10-Q

☒	QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

	For the quarterly period ended June 30, 2023

☐	TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

	For the transition period from _____ to _____

Commission File No. 0-56017

GOLDEN ROYAL DEVELOPMENT INC.

(Exact Name of Registrant in its Charter)

Delaware

81-4563277

(State or Other Jurisdiction of

incorporation or organization)

(I.R.S. Employer

I.D. No.)

80 Main Street, Suite 415, West Orange, NJ 07052

(Address of Principal Executive Offices)

Issuer’s Telephone Number: 800-320-4394

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class		Trading Symbol		Name of Each Exchange on Which Registered
None		None		Not Applicable

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Sections 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files.) Yes ☒ No ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) Yes ☐ No ☒

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check One)

Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☒

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

APPLICABLE ONLY TO CORPORATE ISSUERS: Indicate the number of shares outstanding of each of the Registrant’s classes of common stock, as of the latest practicable date:

September 1, 2023

Common Voting Stock: 7,841,550

GOLDEN ROYAL DEVELOPMENT INC.

QUARTERLY REPORT ON FORM 10-Q

FOR THE FISCAL QUARTER ENDED JUNE 30, 2023

TABLE OF CONTENTS

		*Page No*
*Part I*	*Financial Information*
Item 1.	Financial Statements (Unaudited):
	Condensed Balance Sheets – June 30, 2023 (Unaudited) and September 30, 2022	3
	Condensed Statements of Operations (Unaudited) - for the Three and Nine Months Ended June 30, 2023 and 2022	4
	Condensed Statements of Stockholders’ Deficit (Unaudited) - for the Three and Nine Months Ended June 30, 2023	5
	Condensed Statements of Stockholders’ Deficit (Unaudited) - for the Three and Nine Months Ended June 30, 2022	5
	Condensed Statements of Cash Flows (Unaudited) – for the Nine Months Ended June 30, 2023 and 2022	6
	Notes to Condensed Financial Statements (Unaudited)	7
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	13
Item 3	Quantitative and Qualitative Disclosures about Market Risk	14
Item 4.	Controls and Procedures	14

Part II	Other Information
Item 1.	Legal Proceedings	15
Items 1A.	Risk Factors	15
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	15
Item 3.	Defaults upon Senior Securities	15
Item 4.	Mine Safety Disclosures	15
Item 5.	Other Information	15
Item 6.	Exhibits	15

Golden Royal Development Inc.

Condensed Balance Sheets

	June 30, 2023			September 30, 2022
	(Unaudited)
ASSETS

Current Assets
Cash	$	5		$	-

Total Assets	$	5		$	-

LIABILITIES AND STOCKHOLDERS’ DEFICIT

Current Liabilities
Loans payable - related party Accounts payable	$	111,335		$	87,984
Accounts payable - related party		5,000			4,700
Cash overdraft		-			248
Due to officer - related party		132,043			104,734

Total Liabilities		248,378			197,666

Commitments and Contingencies (Note 6)		-			-

Stockholders’ Deficit
Preferred stock, $0.00001 par value; 5,000,000 shares authorized		-			-
Series A Preferred stock, $0.00001 par value; 1,000 shares designated, 1,000 and 1,000, issued and outstanding, respectively		1			1
Preferred stock, value		-			-
Common stock, $0.00001 par value; 500,000,000 shares authorized, 7,841,550 and 7,841,550 issued and outstanding, respectively		78			78
Additional paid-in capital		30,222			30,222
Accumulated deficit		(278,674	)		(227,967	)

Total Stockholders’ Deficit		(248,373	)		(197,666	)

Total Liabilities and Stockholders’ Deficit	$	5		$	-

The accompanying notes are an integral part of these condensed financial statements.

Golden Royal Development Inc.

Condensed Statements of Operations

(Unaudited)

	For the Three Months Ended			For the Three Months Ended			For the Nine Months Ended			For the Nine Months Ended
	June 30, 2023			June 30, 2022			June 30, 2023			June 30, 2022

Revenue	$	-		$	-		$	-		$	-

Operating Expenses
Professional fees		14,423			3,070			40,549			29,883
General and administrative		1,692			6,909			10,158			16,978
Total Operating Expenses		16,115			9,979			50,707			46,861

LOSS FROM OPERATIONS BEFORE INCOME TAXES		(16,115	)		(9,979	)		(50,707	)		(46,861	)

Provision for Income Taxes		-			-			-			-

NET LOSS	$	(16,115	)	$	(9,979	)	$	(50,707	)	$	(46,861	)

Net Loss Per Share - Basic and Diluted	$	(0.00	)	$	(0.00	)	$	(0.01	)	$	(0.01	)

Weighted average number of shares outstanding during the period - Basic and Diluted		7,841,550			7,841,550			7,841,550			7,841,550

The accompanying notes are an integral part of these condensed financial statements.

Golden Royal Development Inc.

Condensed Statement of Stockholders’ Deficit

For the three and nine months ended June 30, 2023

(Unaudited)

	Shares		Amount		Shares		Amount		Shares		Amount		capital		Deficit			Deficit
	Preferred Stock				Series A - Preferred Stock				Common stock				Additional paid-in		Accumulated			Total Stockholders’
	Shares		Amount		Shares		Amount		Shares		Amount		capital		Deficit			Deficit

Balance, September 30, 2022		-	$	-		1,000	$	1		7,841,550	$	78	$	30,222	$	(227,967	)	$	(197,666	)

Net loss for the three months ended December 31, 2022		-		-		-		-		-		-		-		(8,672	)		(8,672	)

Balance, December 31, 2022		-		-		1,000		1		7,841,550		78		30,222		(236,639	)		(206,338	)

Net loss for the three months ended March 31, 2023		-		-		-		-		-		-		-		(25,920	)		(25,920	)

Balance, March 31, 2023		-		-		1,000		1		7,841,550		78		30,222		(262,559	)		(232,258	)

Net loss for the three months ended June 30, 2023		-		-		-		-		-		-		-		(16,115	)		(16,115	)

Balance, June 30, 2023		-	$	-		1,000	$	1		7,841,550	$	78	$	30,222	$	(278,674	)	$	(248,373	)

Golden Royal Development Inc.

Condensed Statement of Stockholders’ Deficit

For the three and nine months ended June 30, 2022

(Unaudited)

	Preferred Stock				Series A - Preferred Stock				Common stock				Additional paid-in		Accumulated			Total Stockholders’
	Shares		Amount		Shares		Amount		Shares		Amount		capital		Deficit			Deficit

Balance, September 30, 2021		-	$	-		1,000	$	1		7,841,550	$	78	$	30,222	$	(164,628	)	$	(134,326	)

Net loss for the three months ended December 31, 2021		-		-		-		-		-		-		-		(14,160	)		(14,160	)

Balance, December 31, 2021		-		-		1,000		1		7,841,550		78		30,222		(178,788	)		(148,486	)

Net loss for the three months ended March 31, 2022		-		-		-		-		-		-		-		(22,722	)		(22,722	)

Balance, March 31, 2022		-		-		1,000		1		7,841,550		78		30,222		(201,510	)		(171,208	)
Balance		-		-		1,000		1		7,841,550		78		30,222		(201,510	)		(171,208	)

Net loss for the three months ended June 30, 2022		-		-		-		-		-		-		-		(9,979	)		(9,979	)
Net loss		-		-		-		-		-		-		-		(9,979	)		(9,979	)

Balance, June 30, 2022		-	$	-		1,000	$	1		7,841,550	$	78	$	30,222	$	(211,489	)	$	(181,187	)
Balance		-	$	-		1,000	$	1		7,841,550	$	78	$	30,222	$	(211,489	)	$	(181,187	)

The accompanying notes are an integral part of these condensed financial statements.

Golden Royal Development Inc.

Condensed Statements of Cash Flows

(Unaudited)

	For the Nine Months Ended			For the Nine Months Ended
	June 30, 2023			June 30, 2022
Cash Flows From Operating Activities:

Net Loss	$	(50,707	)	$	(46,861	)
Adjustments to reconcile net loss to net cash used in operations
Changes in operating assets and liabilities:
Increase in accounts payable - related party		300			900
Increase in accounts payable and accrued expenses		23,351			29,046
Net Cash Used In Operating Activities		(27,056	)		(16,915	)

Cash Flows From Financing Activities:
Cash overdraft		(248	)		-
Proceeds from officer advances		35,602			17,529
Repayments of officer advances		(8,293	)		(699	)
Net Cash Provided by Financing Activities		27,061			16,830

Net (Decrease) Increase in Cash		5			(85	)

Cash at Beginning of the Period		-			97

Cash at End of the Period	$	5		$	12

Supplemental disclosure of cash flow information:

Cash paid for interest	$	-		$	-
Cash paid for taxes	$	-		$	-

The accompanying notes are an integral part of these condensed financial statements.

GOLDEN ROYAL DEVELOPMENT INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

AS OF JUNE 30, 2023

(UNAUDITED)

NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION

(A) Presentation and Organization

The accompanying condensed unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the Securities and Exchange Commission for interim financial information. Accordingly, they do not include all the information necessary for a comprehensive presentation of the financial position and results of operations.

These unaudited condensed financial statements should be read in conjunction with the financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended September 30, 2022, filed with the SEC on March 2, 2023.

It is management’s opinion that all material adjustments (consisting of normal recurring adjustments) have been made, which are necessary for a fair financial statement presentation. The results for the interim period are not necessarily indicative of the results to be expected for the year.

Golden Royal Development Inc. (the “Company”) was incorporated under the laws of the State of Delaware on November 13, 2016.

The Company’s accounting year end is September 30.

The Company is a business that is designed to engage in mineral exploration activities. The Company’s activities since inception have consisted of identifying and acquiring oil, gas, and mining properties. The Company is also in the process of raising additional equity capital to support its development activities to acquire additional mining properties as soon as possible. The Company’s activities are subject to significant risks and uncertainties, including failing to secure additional funding to operationalize the Company’s current plan to identify and acquire the mining properties. To date, the Company has not generated any revenues from its oil, gas, and mining properties.

(B) Use of Estimates

In preparing financial statements in conformity with generally accepted accounting principles, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reported period. Actual results could differ from those estimates.

(C) 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. At June 30, 2023 and September 30, 2022, the Company had no cash equivalents.

(D) Loss Per Share

Basic and diluted net loss per common share is computed based upon the weighted average common shares outstanding as defined by FASB ASC No. 260, “Earnings Per Share.” Diluted loss per share is computed by dividing net loss by the weighted average number of shares of common stock, common stock equivalents, and potentially dilutive securities outstanding during the period. At June 30, 2023, and 2022, the Company did not have any potentially dilutive securities outstanding.

(E) Income Taxes

The Company accounts for income taxes under FASB Codification Topic 740-10-25 (“ASC 740-10-25”). Under ASC 740-10-25, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under ASC 740-10-25, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

(F) Revenue Recognition

The Company’s revenue recognition policy follows guidance from Accounting Standards Codification (ASC) 606, Revenue from Contract with Customers. Revenue is recognized when the Company transfers promised goods and services to the customer and in the amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods and services.

The Company applies the following five-step model in order to determine this amount:

	(i)	Identification of contact with a customer;
	(ii )	Identify the performance obligation of the contract
	(iii)	Determine the transaction price;
	(iv)	Allocation of the transaction price to the performance obligations; and
	(v)	Recognition of revenue when (or as) the Company satisfies each performance obligation.

The Company has been in the exploration stage since its formation on November 13, 2016, and has not yet realized any revenues from its planned operations. It is primarily engaged in the acquisition and exploration of oil, gas, and mining properties.

(G) Mineral Properties

Acquisition costs of mining properties are capitalized pursuant to ASC 932 Extractive Activities - Oil and Gas and ASC 930 Extractive Activities – Mining. Mineral exploration expenditures are expensed as incurred. When production is attained, capitalized acquisition costs will be depleted using either the unit of production method based upon estimated proven recoverable reserves or the estimated production life of the properties. When capitalized costs on individual properties exceed their estimated net realizable value, the properties are written down to the estimated value. Costs relating to properties abandoned are charged to operations in the period in which that determination is made.

(H) Impairment of Long-Lived Assets

Management reviews the net carrying value of all property and equipment and other long-lived assets, including mineral properties, on a periodic basis in accordance with ASC 360 Property, Plant, and Equipment. The Company estimates the net realizable value of an asset based on the estimated undiscounted future cash flows that will be generated from operations at each property, the estimated salvage value of the surface plant and equipment, and the value associated with property interests. These estimates of undiscounted future cash flows are dependent upon the estimates of minerals to be recovered from proven and probable ore reserves, future production cost estimates, and future mineral price estimates over the estimated remaining life of the mineral property. If undiscounted cash flows are less than the carrying value of a property, an impairment loss will be recognized based upon the estimated expected future cash flows from the property discounted at an interest rate commensurate with the risk involved. For the nine months ended June 30, 2023, and 2022, the Company recorded impairment expense of $1,100 and $2,050, respectively, related to the mineral rights acquisition and exploration costs (see Note 4).

(I) Fair Value of Financial Instruments

The Company measures its financial assets and liabilities in accordance with ASC 820, Fair Value Measurements and Disclosures. For certain of our financial instruments, including cash, accounts payable, and the short-term portion of long-term debt, the carrying amounts approximate fair value due to their short maturities.

ASC 820 defines fair value, provides guidance for measuring fair value, and requires certain disclosures. This standard does not require any new fair value measurements but rather applies to all other accounting pronouncements that require or permit fair value measurements. This guidance does not apply to measurements related to share-based payments. This guidance discusses valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flow), and the cost approach (cost to replace the service capacity of an asset or replacement cost). The guidance utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels:

	●	Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities.

	●	Level 2: Inputs other than quoted prices that are observable, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active.

	●	Level 3: Unobservable inputs in which little or no market data exists, therefore developed using estimates and assumptions developed by us, which reflect those that a market participant would use.

(J) Recent Accounting Pronouncements

All newly issued accounting pronouncements, but not yet effective, have been deemed either immaterial or not applicable.

NOTE 2 RELATED PARTY TRANSACTIONS

(A) Due to Officer – Related Party

During the nine months ended June 30, 2023, the Company’s President, who is also its majority shareholder, advanced $35,602 to the Company to pay Company expenses and was repaid $8,293. The advances are non-interest bearing, unsecured, and due on demand. As of June 30, 2023 and September 30, 2022, the amount due to the officer was $132,043 and $104,734, respectively.

During the nine months ended June 30, 2022, the Company’s President, who is also its majority shareholder, advanced $17,529 to the Company to pay Company expenses and was repaid $699. The advances are non-interest bearing, unsecured, and due on demand. As of June 30, 2022, the amount due to the officer was $91,996.

(B) Accounts Payable – Related Party

On November 1, 2018, the Company entered into a month-to-month office lease with the Company’s President for its office space at a monthly rate of $100. The lease was terminated in December 2022. For the nine months ended June 30, 2023 and 2022, the Company had recorded rent expense of $1,200 and $900, respectively. As of June 30, 2023 and September 30, 2022, the accounts payable owed to the related party was $5,000 and $4,700, respectively.

NOTE 3 STOCKHOLDERS’ DEFICIT

(A) Preferred Stock

The Company was incorporated on November 13, 2016. On March 29, 2017, the Company became authorized to issue 5,000,000 shares of preferred stock with a par value of $0.00001 per share. Preferred stock may be issued in one or more series. Rights and preferences are to be determined by the Board of Directors.

The Board of Directors has designated 1,000 shares of the preferred stock as Series A Preferred Stock. On March 29, 2017, Jacob Roth purchased the 1,000 shares of Series A Preferred Stock for their par value (See Note 4). At any shareholders meeting or in connection with the giving of shareholder consents, the holder of each share of Series A Preferred Stock is entitled to exercise voting power equal to 0.051% of the aggregate voting power. The holder of Series A Preferred Stock will receive dividends when and if they are declared by the Board of Directors. The Series A Preferred Stock has a liquidation preference of $0.00001 per share. As of June 30, 2023, and September 30, 2022, there were 1,000 shares of Series A Preferred Stock issued and outstanding.

(B) Common Stock Issued for Cash

The Company is authorized to issue 500,000,000 shares of common stock with a par value of $0.00001 per share.

As of June 30, 2023 and September 30, 2022, there were 7,841,550 shares of Common Stock issued and outstanding.

NOTE 4 MINERAL PROPERTIES

On February 6, 2023 the Board of Land Commissions of the Wyoming Office of State Lands and Investments accepted the Company’s application to purchase oil and gas leases No. 22-00255 (five-year oil and gas leasehold on 80 acres in Converse County) and 22-00256 (five-year oil and gas leasehold on 80 acres in Laramie County). During the nine months ended June 30, 2023 and 2022, the Company recorded $300 and $0, respectively, as impairment expense pertaining to the property, which has been recorded in general and administrative expenses on the Statement of Operations.

On March 17, 2022, the Company entered into a ten-year mineral lease to prospect and extract gold, silver, and precious metals with an effective date of April 1, 2022. The property is located in Crook County, Wyoming. During the year ended September 30, 2022, the Company paid a $50 application fee and committed to pay the State of Wyoming $460 per year for five years and $919 per year for the next five years. Under ASC 930 Extractive Activities - Mining, costs are to be capitalized as an asset; however, the Company has fully impaired the asset as the Company determined that there was insufficient evidence to support a likelihood that the asset will generate future cash flows. During the nine months ended June 30, 2023 and 2022, the Company recorded $0 and $510, respectively, as impairment expense pertaining to the property, which has been recorded in general and administrative expenses on the Statement of Operations.

On November 9, 2021, the Company entered into a ten-year mineral lease to prospect and extract gold, silver, and precious metals with an effective date of February 2, 2022. The property is located in Crook County, Wyoming. During the year ended September 30, 2022, the Company paid a $50 application fee and committed to pay the State of Wyoming $160 per year for five years and $320 per year during the next five years. Under ASC 930 Extractive Activities – Mining, costs are to be capitalized as an asset; however, the Company has fully impaired the asset as the Company determined that there was insufficient evidence to support a likelihood that the asset will generate future cash flows. During the nine months ended June 30, 2023 and 2022, the Company recorded $160 and $210, respectively, as impairment expense pertaining to the property, which has been recorded in general and administrative expenses on the Statement of Operations.

On November 8, 2021, the Company entered into a ten-year mineral lease to prospect and extract gold, silver, and precious metals with an effective date of February 2, 2022. The property is located in Crook County, Wyoming. During the year ended September 30, 2022, the Company paid a $50 application fee and committed to pay the State of Wyoming $640 per year for five years and $1,280 per year for the next five years. Under ASC 930 Extractive Activities - Mining, costs are to be capitalized as an asset; however, the Company has fully impaired the asset as the Company determined that there was insufficient evidence to support a likelihood that the asset will generate future cash flows. During the nine months ended June 30, 2023 and 2022, the Company recorded $640 and $690, respectively, as impairment expense pertaining to the property, which has been recorded in general and administrative expenses on the Statement of Operations.

On December 6, 2018, the Company entered into an Assignment Agreement with the Company’s President and majority shareholder, pursuant to which the Company’s President assigned to the Company all of the beneficial interest in a ten-year lease to prospect and extract gold, silver and precious minerals which was granted to the Company’s President on November 18, 2018. The Company assumed responsibility for all fees, rents, and taxes that accrue with respect to that property, including the commitment to pay the State of Wyoming $640 per year. The property is located in Crook County, Wyoming. Under ASC 930 Extractive Activities – Mining, costs are to be capitalized as an asset, however, the Company has fully impaired the asset as the Company determined that there is insufficient evidence to support a likelihood that the asset will generate future cash flows. During the nine months ended June 30, 2023 and 2022, the Company recorded $0 and $640, respectively, as impairment expense pertaining to the property, which has been recorded in general and administrative expenses on the Statement of Operations. As of June 30, 2023 and September 30, 2022 the Company has accrued $1,920 for the annual lease fees owed to the lessor, therefore the Company is in default for non-payment and is at risk to lose the lease if contacted by the lessor and the default is not cured within 30 days of a notice of non-payment.

On September 27, 2018, the Company entered into an Assignment Agreement with the Company’s President and majority shareholder, pursuant to which the Company’s President assigned to the Company all of the beneficial interest in a ten-year mineral lease to mine for oil and gas which was granted to the Company’s President on February 1, 2017. The Company assumed responsibility for all fees, rents and taxes that accrue with respect to that property, including the commitment to pay the State of Wyoming $360 per year. The property is located in Fremont County, Wyoming. Under ASC 932 Extractive Activities - Oil and Gas, costs are to be capitalized as an asset; however, the Company has fully impaired the asset as the Company determined that there is insufficient evidence to support a likelihood that the asset will generate any future cash flows. During the nine months ended June 30, 2023 and 2022, the Company recorded $0 as impairment expense pertaining to the property, which has been recorded in general and administrative expenses on the Statement of Operations. As of June 30, 2023 and September 30, 2022 the Company has accrued $1,440 for the annual lease fees owed to the lessor, therefore the Company is in default for non-payment and is at risk to lose the lease if contacted by the lessor and the default is not cured within 30 days of a notice of non-payment.

NOTE 5 LIQUIDITY, GOING CONCERN AND MANAGEMENT’S PLANS

These financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business.

As reflected in the accompanying financial statements, for the nine months ended June 30, 2023, the Company had:

	●	Net loss of $50,707; and

	●	Net cash used in operations was $27,056

Additionally, as of June 30, 2023, the Company had:

	●	Accumulated deficit of $278,674

	●	Stockholders’ deficit of $248,373; and

	●	Working capital deficit of $248,378

The Company had $5 cash on hand at June 30, 2023. Although the Company intends to raise additional debt (third party and related party lenders) or equity capital, the Company expects to incur losses from operations and have negative cash flows from operating activities for the near-term. These losses could be significant as the Company executes its business plan.

These factors create substantial doubt about the Company’s ability to continue as a going concern within the twelve-month period subsequent to the date that these financial statements are issued. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. Accordingly, the financial statements have been prepared on a basis that assumes the Company will continue as a going concern and which contemplates the realization of assets and satisfaction of liabilities and commitments in the ordinary course of business.

NOTE 6 SUBSEQUENT EVENTS

Subsequent to June 30, 2023, the Company’s President and majority shareholder advanced $4,670 to the Company to pay Company expenses and was repaid $3,967.

* * * * *

ITEM 2.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Results of Operations

Golden Royal was organized in November 2016 but did not commence operations until September 2018, when it acquired equity in certain oil and gas properties in Fremont County and Converse County, Wyoming. Then, in December 2018, Golden Royal acquired ownership of precious metal rights in a parcel of land in Crooks County, Wyoming. All of these properties were acquired from Jacob Roth, who owns over 95% of Golden Royal’s outstanding shares. More recently, Golden Royal directly invested in the mineral rights to four other parcels of land in Wyoming: two in Crooks County, one in Laramie County, and one in Converse County.

There are no mining operations taking place on any of the properties licensed by Golden Royal; accordingly, we recorded no revenue for the three and nine months ended June 30, 2023 and 2022. We do not expect to record revenue unless (a) we resell one of our mineral properties, or (b) we acquire sufficient cash recourses to permit us to participate in a drilling or mining project that yields revenue.

The operating expenses that we incurred $16,115 and $50,707 during the three and nine months ended June 30, 2023, and $9,979 and $46,861 during the three and nine months ended June 30, 2022 - were primarily attributable to the costs of sustaining Golden Royal’s initial administrative operations. The amount of operating expenses was relatively consistent quarter-to-quarter, as our expenses are attributable to recurrent quarterly production of SEC filings, which involve bookkeeping, accounting, legal, and other service expenses.

By reason of the expenses described above, Golden Royal incurred net losses of $16,115 and $50,707 during the three and nine months ended June 30, 2023, and $9,979 and $46,861 during the three and nine months ended June 30, 2022. We will continue to incur net loss until we initiate revenue-producing operations.

Liquidity and Capital Resources

Our operations used $27,056 in cash during the nine months ended June 30, 2023, and $16,915 in cash during the nine months ended June 30, 2022. Our use of cash during these periods was less than our net loss primarily because we increased our accounts payable and accrued expenses. The cash used in operations was provided by advances from Jacob Roth, our Chief Executive Officer.

At June 30, 2023, we had a working capital deficit of $248,373, an increase of $50,707 as compared to the deficit at September 30, 2022. The increased deficit is primarily attributable to increases in our accounts payable and due to officer balances.

In order for us to initiate participation in mineral exploration projects, we estimate that we will require approximately $2.5 million in capital. We plan to obtain that capital by issuing equity securities, either capital stock or convertible debt. To date, however, we have received no commitments for funds. Accordingly, the opinion of our independent registered public accounting firm with respect to our fiscal 2022 and 2021 financial statements states that there is substantial doubt about the Company’s ability to continue as a going concern. That doubt will be alleviated only when we obtain the funds necessary to initiate profitable operations.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition or results of operations.

Recent Accounting Pronouncements

There were no recent accounting pronouncements that have or will have a material effect on the Company’s financial position or results of operations.

ITEM 3

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable.

ITEM 4

CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures. As of June 30, 2023, Jacob Roth, our Chief Executive Officer and Chief Financial Officer, carried out an evaluation of the effectiveness of the Company’s disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934. Based upon that evaluation, our Principal Executive Officer and Principal Financial Officer concluded that our disclosure controls and procedures have the following material weaknesses:

	●	We have inadequate control activities to prevent or detect material misstatements. Specifically, there are no controls in place to prevent users from manipulating financial data or entering inaccurate data into the Company’s accounting software. Additionally, there is only one employee responsible for accounting functions, which prevents us from segregating duties within our internal control system. Lastly, our Chief Financial Officer lacks the knowledge and expertise to ensure the financial statements are properly recorded under Generally Accepted Accounting Principles.

	●	We have an inadequate control environment. Specifically, we have not developed sufficient policies or documentation concerning our existing financial processes, risk assessment processes, and information and communication processes. Additionally, we have no monitoring activities in place and we lack policies that require formal written approval for related party transactions.

Based on his evaluation, Mr. Roth concluded that the Company’s system of disclosure controls and procedures was not effective as of June 30, 2023, for the purposes described in this paragraph.

Changes in Internal Controls. There was no change in internal control over financial reporting (as defined in Rule 13a-15(f) promulgated under the Securities Exchange Act of 1934) identified in connection with the evaluation described in the preceding paragraph that occurred during Golden Royal’s third fiscal quarter that has materially affected or is reasonably likely to materially affect Golden Royal’s internal control over financial reporting.

PART II - OTHER INFORMATION

Item 1.	Legal Proceedings

	None.

Item 1A	Risk Factors

	There have been no material changes from the risk factors included in our Annual Report on Form 10-K for the year ended September 30, 2022.

Item 2	Unregistered Sale of Securities and Use of Proceeds

	(a) Unregistered sales of equity securities

	There were no unregistered sales of equity securities by the Company during the third quarter of fiscal year 2023.

	(c) Purchases of equity securities
	The Company did not repurchase any of its equity securities that were registered under Section 12 of the Securities Exchange Act during the third quarter of fiscal year 2023.

Item 3.	Defaults Upon Senior Securities.

	None.

Item 4.	Mine Safety Disclosures.

	Not Applicable.

Item 5.	Other Information.

	None.

Item 6.	Exhibits

	31	Rule 13a-14(a) Certification
	32	Rule 13a-14(b) Certification

	101.INS	Inline XBRL Instance Document
	101.SCH	Inline XBRL Taxonomy Extension Schema Document
	101.CAL	Inline XBRL Taxonomy Extension Calculation Linkbase Document
	101.DEF	Inline XBRL Taxonomy Extension Definition Linkbase Document
	101.LAB	Inline XBRL Taxonomy Extension Label Linkbase Document
	101.PRE	Inline XBRL Taxonomy Extension Presentation Linkbase Document
	104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.

	GOLDEN ROYAL DEVELOPMENT INC.

	By:	/s/ Jacob Roth
Date: September 5, 2023		Jacob Roth, Chief Executive Officer
		and Chief Financial and Accounting Officer

* * * * *

Exhibit 31

EXHIBIT 31: Rule 13a-14(a) Certifications

I, Jacob Roth, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Golden Royal Development Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal controls over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal controls over financial reporting, or caused such internal controls over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officers and I have disclosed, based on our most recent evaluation of internal controls over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.

Date: September 5, 2023

By:

/s/ Jacob Roth

Jacob Roth,

Chief Executive Officer

and Chief Financial Officer

* * * * *

Exhibit 32

EXHIBIT 32: Rule 13a-14(b) Certification

Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, the undersigned officer of Golden Royal Development Inc. (the “Company”) certifies that:

1.	The Quarterly Report on Form 10-Q of the Company for the period ended June 30, 2023 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)); and

2.	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: September 5, 2023

By:

/s/ Jacob Roth

Jacob Roth, Chief Executive Officer

and Chief Financial Officer

Cover - shares	9 Months Ended
Cover - shares	Jun. 30, 2023	Sep. 01, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--09-30
Entity File Number	0-56017
Entity Registrant Name	GOLDEN ROYAL DEVELOPMENT INC.
Entity Central Index Key	0001761534
Entity Tax Identification Number	81-4563277
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	80 Main Street
Entity Address, Address Line Two	Suite 415
Entity Address, City or Town	West Orange
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07052
City Area Code	800
Local Phone Number	320-4394
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		7,841,550

Condensed Balance Sheets - USD ($)	Jun. 30, 2023	Sep. 30, 2022
Current Assets
Cash	$ 5
Total Assets	5
Current Liabilities
Cash overdraft		248
Total Liabilities	248,378	197,666
Commitments and Contingencies (Note 6)
Stockholders’ Deficit
Preferred stock, value
Common stock, $0.00001 par value; 500,000,000 shares authorized, 7,841,550 and 7,841,550 issued and outstanding, respectively	78	78
Additional paid-in capital	30,222	30,222
Accumulated deficit	(278,674)	(227,967)
Total Stockholders’ Deficit	(248,373)	(197,666)
Total Liabilities and Stockholders’ Deficit	5
Series A Preferred Stock [Member]
Stockholders’ Deficit
Preferred stock, value	1	1
Related Party [Member]
Current Liabilities
Loans payable - related party Accounts payable	111,335	87,984
Accounts payable - related party	5,000	4,700
Due to officer - related party	$ 132,043	$ 104,734

Condensed Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2023	Sep. 30, 2022	Mar. 29, 2017
Preferred stock, par value	$ 0.00001	$ 0.00001	$ 0.00001
Preferred stock, shares authorized	5,000,000	5,000,000	5,000,000
Common stock, par value	$ 0.00001	$ 0.00001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	7,841,550	7,841,550
Common stock, shares outstanding	7,841,550	7,841,550
Series A Preferred Stock [Member]
Preferred stock, par value	$ 0.00001	$ 0.00001
Preferred stock, shares authorized	1,000	1,000	1,000
Preferred stock, shares issued	1,000	1,000
Preferred stock, shares outstanding	1,000	1,000

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Revenue
Operating Expenses
Professional fees	14,423	3,070	40,549	29,883
General and administrative	1,692	6,909	10,158	16,978
Total Operating Expenses	16,115	9,979	50,707	46,861
LOSS FROM OPERATIONS BEFORE INCOME TAXES	(16,115)	(9,979)	(50,707)	(46,861)
Provision for Income Taxes
NET LOSS	$ (16,115)	$ (9,979)	$ (50,707)	$ (46,861)
Net Loss Per Share - Basic	$ (0.00)	$ (0.00)	$ (0.01)	$ (0.01)
Net Loss Per Share - Diluted	$ (0.00)	$ (0.00)	$ (0.01)	$ (0.01)
Weighted average number of shares outstanding during the period - Basic	7,841,550	7,841,550	7,841,550	7,841,550
Weighted average number of shares outstanding during the period - Diluted	7,841,550	7,841,550	7,841,550	7,841,550

Condensed Statement of Stockholders' Deficit (Unaudited) - USD ($)	Preferred Stock [Member] Series A Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance at Sep. 30, 2021	$ 1	$ 78	$ 30,222	$ (164,628)	$ (134,326)
Balance, shares at Sep. 30, 2021	1,000	7,841,550
Net loss				(14,160)	(14,160)
Balance at Dec. 31, 2021	$ 1	$ 78	30,222	(178,788)	(148,486)
Balance, shares at Dec. 31, 2021	1,000	7,841,550
Balance at Sep. 30, 2021	$ 1	$ 78	30,222	(164,628)	(134,326)
Balance, shares at Sep. 30, 2021	1,000	7,841,550
Net loss					(46,861)
Balance at Jun. 30, 2022	$ 1	$ 78	30,222	(211,489)	(181,187)
Balance, shares at Jun. 30, 2022	1,000	7,841,550
Balance at Dec. 31, 2021	$ 1	$ 78	30,222	(178,788)	(148,486)
Balance, shares at Dec. 31, 2021	1,000	7,841,550
Net loss				(22,722)	(22,722)
Balance at Mar. 31, 2022	$ 1	$ 78	30,222	(201,510)	(171,208)
Balance, shares at Mar. 31, 2022	1,000	7,841,550
Net loss				(9,979)	(9,979)
Balance at Jun. 30, 2022	$ 1	$ 78	30,222	(211,489)	(181,187)
Balance, shares at Jun. 30, 2022	1,000	7,841,550
Balance at Sep. 30, 2022	$ 1	$ 78	30,222	(227,967)	(197,666)
Balance, shares at Sep. 30, 2022	1,000	7,841,550
Net loss				(8,672)	(8,672)
Balance at Dec. 31, 2022	$ 1	$ 78	30,222	(236,639)	(206,338)
Balance, shares at Dec. 31, 2022	1,000	7,841,550
Balance at Sep. 30, 2022	$ 1	$ 78	30,222	(227,967)	(197,666)
Balance, shares at Sep. 30, 2022	1,000	7,841,550
Net loss					(50,707)
Balance at Jun. 30, 2023	$ 1	$ 78	30,222	(278,674)	(248,373)
Balance, shares at Jun. 30, 2023	1,000	7,841,550
Balance at Dec. 31, 2022	$ 1	$ 78	30,222	(236,639)	(206,338)
Balance, shares at Dec. 31, 2022	1,000	7,841,550
Net loss				(25,920)	(25,920)
Balance at Mar. 31, 2023	$ 1	$ 78	30,222	(262,559)	(232,258)
Balance, shares at Mar. 31, 2023	1,000	7,841,550
Net loss				(16,115)	(16,115)
Balance at Jun. 30, 2023	$ 1	$ 78	$ 30,222	$ (278,674)	$ (248,373)
Balance, shares at Jun. 30, 2023	1,000	7,841,550

Condensed Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash Flows From Operating Activities:
Net Loss	$ (50,707)	$ (46,861)
Changes in operating assets and liabilities:
Increase in accounts payable - related party	300	900
Increase in accounts payable and accrued expenses	23,351	29,046
Net Cash Used In Operating Activities	(27,056)	(16,915)
Cash Flows From Financing Activities:
Cash overdraft	(248)
Proceeds from officer advances	35,602	17,529
Repayments of officer advances	(8,293)	(699)
Net Cash Provided by Financing Activities	27,061	16,830
Net (Decrease) Increase in Cash	5	(85)
Cash at Beginning of the Period		97
Cash at End of the Period	5	12
Supplemental disclosure of cash flow information:
Cash paid for interest
Cash paid for taxes

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION

9 Months Ended

Jun. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION

NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION

(A) Presentation and Organization

Golden Royal Development Inc. (the “Company”) was incorporated under the laws of the State of Delaware on November 13, 2016.

The Company’s accounting year end is September 30.

(B) Use of Estimates

(C) Cash and Cash Equivalents

(D) Loss Per Share

(E) Income Taxes

(F) Revenue Recognition

The Company applies the following five-step model in order to determine this amount:

	(i)	Identification of contact with a customer;
	(ii )	Identify the performance obligation of the contract
	(iii)	Determine the transaction price;
	(iv)	Allocation of the transaction price to the performance obligations; and
	(v)	Recognition of revenue when (or as) the Company satisfies each performance obligation.

(G) Mineral Properties

(H) Impairment of Long-Lived Assets

(I) Fair Value of Financial Instruments

	●	Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities.

	●	Level 2: Inputs other than quoted prices that are observable, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active.

	●	Level 3: Unobservable inputs in which little or no market data exists, therefore developed using estimates and assumptions developed by us, which reflect those that a market participant would use.

(J) Recent Accounting Pronouncements

All newly issued accounting pronouncements, but not yet effective, have been deemed either immaterial or not applicable.

RELATED PARTY TRANSACTIONS

9 Months Ended

Jun. 30, 2023

RELATED PARTY TRANSACTIONS

NOTE 2 RELATED PARTY TRANSACTIONS

(A) Due to Officer – Related Party

(B) Accounts Payable – Related Party

STOCKHOLDERS’ DEFICIT

9 Months Ended

Jun. 30, 2023

Equity [Abstract]

STOCKHOLDERS’ DEFICIT

NOTE 3 STOCKHOLDERS’ DEFICIT

(A) Preferred Stock

(B) Common Stock Issued for Cash

The Company is authorized to issue 500,000,000 shares of common stock with a par value of $0.00001 per share.

As of June 30, 2023 and September 30, 2022, there were 7,841,550 shares of Common Stock issued and outstanding.

MINERAL PROPERTIES

9 Months Ended

Jun. 30, 2023

Extractive Industries [Abstract]

MINERAL PROPERTIES

NOTE 4 MINERAL PROPERTIES

LIQUIDITY, GOING CONCERN AND MANAGEMENT’S PLANS

9 Months Ended

Jun. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

LIQUIDITY, GOING CONCERN AND MANAGEMENT’S PLANS

NOTE 5 LIQUIDITY, GOING CONCERN AND MANAGEMENT’S PLANS

As reflected in the accompanying financial statements, for the nine months ended June 30, 2023, the Company had:

	●	Net loss of $50,707; and

	●	Net cash used in operations was $27,056

Additionally, as of June 30, 2023, the Company had:

	●	Accumulated deficit of $278,674

	●	Stockholders’ deficit of $248,373; and

	●	Working capital deficit of $248,378

SUBSEQUENT EVENTS

9 Months Ended

Jun. 30, 2023

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 6 SUBSEQUENT EVENTS

Subsequent to June 30, 2023, the Company’s President and majority shareholder advanced $4,670 to the Company to pay Company expenses and was repaid $3,967.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION (Policies)

9 Months Ended

Jun. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Presentation and Organization

(A) Presentation and Organization

Golden Royal Development Inc. (the “Company”) was incorporated under the laws of the State of Delaware on November 13, 2016.

The Company’s accounting year end is September 30.

Use of Estimates

(B) Use of Estimates

Cash and Cash Equivalents

(C) Cash and Cash Equivalents

Loss Per Share

(D) Loss Per Share

Income Taxes

(E) Income Taxes

Revenue Recognition

(F) Revenue Recognition

The Company applies the following five-step model in order to determine this amount:

	(i)	Identification of contact with a customer;
	(ii )	Identify the performance obligation of the contract
	(iii)	Determine the transaction price;
	(iv)	Allocation of the transaction price to the performance obligations; and
	(v)	Recognition of revenue when (or as) the Company satisfies each performance obligation.

Mineral Properties

(G) Mineral Properties

Impairment of Long-Lived Assets

(H) Impairment of Long-Lived Assets

Fair Value of Financial Instruments

(I) Fair Value of Financial Instruments

	●	Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities.

	●	Level 2: Inputs other than quoted prices that are observable, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active.

	●	Level 3: Unobservable inputs in which little or no market data exists, therefore developed using estimates and assumptions developed by us, which reflect those that a market participant would use.

Recent Accounting Pronouncements

(J) Recent Accounting Pronouncements

All newly issued accounting pronouncements, but not yet effective, have been deemed either immaterial or not applicable.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION (Details Narrative) - USD ($)	9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash equivalents	$ 0		$ 0
Outstanding dilutive securities	0	0
Impairment of long lived assets	$ 1,100	$ 2,050

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)		9 Months Ended
	Nov. 01, 2018	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2022
Related Party Transaction [Line Items]
Repayment of related party debt		$ 8,293	$ 699
Rent expense	$ 100	1,200	900
Majority Shareholder [Member]
Related Party Transaction [Line Items]
Due to officer		35,602
Officer [Member]
Related Party Transaction [Line Items]
Due to officer		132,043	91,996	$ 104,734
Related Party [Member]
Related Party Transaction [Line Items]
Due to officer		132,043	$ 17,529	104,734
Accrued rent payable to related party		$ 5,000		$ 4,700

STOCKHOLDERS’ DEFICIT (Details Narrative) - $ / shares	Mar. 29, 2017	Jun. 30, 2023	Sep. 30, 2022
Class of Stock [Line Items]
Preferred stock, shares authorized	5,000,000	5,000,000	5,000,000
Preferred stock, par value	$ 0.00001	$ 0.00001	$ 0.00001
Common stock, shares authorized		500,000,000	500,000,000
Common stock, par value		$ 0.00001	$ 0.00001
Common stock, shares issued		7,841,550	7,841,550
Common stock, shares outstanding		7,841,550	7,841,550
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized	1,000	1,000	1,000
Preferred stock, par value		$ 0.00001	$ 0.00001
Preferred stock, shares issued		1,000	1,000
Preferred stock, shares outstanding		1,000	1,000
Series A Preferred Stock [Member] \| Jacob Roth [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized	1,000
Preferred stock voting rights, description	the holder of each share of Series A Preferred Stock is entitled to exercise voting power equal to 0.051% of the aggregate voting power

MINERAL PROPERTIES (Details Narrative)	9 Months Ended		12 Months Ended
MINERAL PROPERTIES (Details Narrative)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Sep. 30, 2022 USD ($)	Feb. 06, 2023 a	Mar. 17, 2022	Nov. 09, 2021	Nov. 08, 2021	Dec. 06, 2018 USD ($)	Sep. 27, 2018 USD ($)
Reserve Quantities [Line Items]
Lease term				5 years
Area of land \| a				80
Asset impairment charges	$ 300	$ 0
Mineral lease [Member]
Reserve Quantities [Line Items]
Lease term					10 years
Application fee			$ 50
Expenses pertaining to the property	0	510
Mineral lease [Member] \| Per Year For Five Years [Member]
Reserve Quantities [Line Items]
Annual license fee			460
Mineral lease [Member] \| Per Year For Next Five Years [Member]
Reserve Quantities [Line Items]
Annual license fee			919
Mineral Lease One [Member]
Reserve Quantities [Line Items]
Lease term						10 years
Application fee			50
Expenses pertaining to the property	160	210
Mineral Lease One [Member] \| Per Year For Five Years [Member]
Reserve Quantities [Line Items]
Annual license fee			160
Mineral Lease One [Member] \| Per Year For Next Five Years [Member]
Reserve Quantities [Line Items]
Annual license fee			320
Mineral Lease Two [Member]
Reserve Quantities [Line Items]
Lease term							10 years
Application fee			50
Expenses pertaining to the property	640	690
Mineral Lease Two [Member] \| Per Year For Five Years [Member]
Reserve Quantities [Line Items]
Annual license fee			640
Mineral Lease Two [Member] \| Per Year For Next Five Years [Member]
Reserve Quantities [Line Items]
Annual license fee			1,280
Mineral Lease Three [Member] \| Majority Shareholder [Member] \| Assignment Agreement [Member] \| President [Member]
Reserve Quantities [Line Items]
Lease term								10 years
Expenses pertaining to the property	0	640
Payable to property expenses								$ 640
Accured expense	1,920		1,920
Mineral Lease Four [Member] \| Majority Shareholder [Member] \| Assignment Agreement [Member] \| President [Member]
Reserve Quantities [Line Items]
Lease term									10 years
Expenses pertaining to the property	0	$ 0
Payable to property expenses									$ 360
Accured expense	$ 1,440		$ 1,440

LIQUIDITY, GOING CONCERN AND MANAGEMENT’S PLANS (Details Narrative) - USD ($)	3 Months Ended						9 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2022	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net loss	$ 16,115	$ 25,920	$ 8,672	$ 9,979	$ 22,722	$ 14,160	$ 50,707	$ 46,861
Net cash used in operations							27,056	16,915
Accumulated deficit	278,674						278,674		$ 227,967
Stockholders deficit	248,373	$ 232,258	$ 206,338	$ 181,187	$ 171,208	$ 148,486	248,373	$ 181,187	$ 197,666	$ 134,326
Working capital deficit	248,378						248,378
Cash	$ 5						$ 5

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	2 Months Ended	9 Months Ended
SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Sep. 05, 2023	Jun. 30, 2023	Jun. 30, 2022
Subsequent Event [Line Items]
Repayments of related party debt		$ 8,293	$ 699
Majority Shareholder [Member]
Subsequent Event [Line Items]
Other Liabilities, Current		$ 35,602
President [Member] \| Majority Shareholder [Member]
Subsequent Event [Line Items]
Other Liabilities, Current	$ 4,670
President [Member] \| Majority Shareholder [Member] \| Subsequent Event [Member]
Subsequent Event [Line Items]
Repayments of related party debt	$ 3,967