$MGNC

Mag Magna Corp

CIK:0001949864|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	Apr. 30, 2026	Apr. 30, 2025
Revenues
Total Revenue	$ 0	$ 0
Cost of Goods Sold	0	0
Gross Profit	0	0
Operating Expenses
General and administrative expenses	355,174	47,535
Stock-based compensation	13,316,280	0
Total Operating Expenses	13,671,454	47,535
Income (Loss) From Operations	(13,671,454)	(47,535)
Other Income (Expense)
Interest income	0	2
Interest expense	(89,725)	0
Loss of fair value market value of derivatives	(812,121)	0
Total Other Income (Expense)	(901,846)	2
Net Loss From Continuing Operations	(14,573,300)	(47,533)
Income (Loss) from Discontinued Operations	(144,297)	4,721
Net Loss Before Provision for Income Taxes	(14,717,597)	(52,254)
Provision for Income Taxes	0	0
NET LOSS	$ (14,717,597)	$ (52,254)
Net Loss Per Share: Basic	$ (1.85)	$ (0.01)
Net Loss Per Share: Diluted	(1.85)	(0.01)
Net Loss Per Share: Diluted	(0.02)	(0.00)
Net Loss Per Share: Diluted	$ (0.02)	$ (0.00)
Weighted Average Number of Shares Outstanding: Basic	7,858,195	5,829,047
Weighted Average Number of Shares Outstanding: Diluted	7,858,195	5,829,047
Consulting Services [Member]
Revenues
Total Revenue	$ 0	$ 0
API Requests [Member]
Revenues
Total Revenue	$ 0	$ 0

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)

12 Months Ended

Apr. 30, 2026

Apr. 30, 2025

Cash Flows From Operating Activities:

Net loss

$ (14,573,300)

$ (47,533)

Adjustments to reconcile net loss to net cash used in operating activities of continuing operations:

Amortization of debt discount

45,021

Change in fair market value of derivative liabilities

812,121

Stock issued for services

13,316,280

Shares issued with debt

42,003

Increase (decrease) in

Accounts payable and accrued expenses

3,098

(12,051)

Accounts payable and accrued expenses – related parties

48,035

Net Cash Used for Operating Activities of Continuing Operations

(306,742)

(59,584)

Cash Flows From Investing Activities of Continuing Operations:

Investment in unrelated business

(25,000)

Mining acquisition payable

(25,000)

Net Cash Used for Investing Activities of Continuing Operations

(50,000)

Cash Flows From Financing Activities:

Proceeds from issuance of convertible notes payable

448,560

Proceeds from issuance of convertible notes payable – related parties

66,507

170,707

Principal repayment of notes payable – related parties

(54,149)

Net Cash Provided by Financing Activities

515,067

116,558

Cash Flows from Discontinued Operations

Net cash provided by (used in) operating activities of discontinued operations

(1,974)

Net cash used in investing activities of discontinued operations

(55,000)

Net Cash Provided by (Used in) Discontinued Operations

(56,974)

Net Increase in Cash

158,325

Cash at Beginning of Year

Cash at End of Year

158,325

Supplemental disclosure of cash flow information: (a)

Interest Paid, Excluding Capitalized Interest, Operating Activity

^[1]

Income Tax Paid, after Refund Received

^[1]

Supplemental disclosure of non-cash investing and financing activities:

Reclassification of Prepaid Expense to Intangible Assets

66,100

Deferred revenue reclassed to accounts payable

5,272

Acquisition of mining assets

1,600,000

Investment in mining assets with issuance

300,000

Discount on issuance of derivatives

448,560

Gain on forgiveness of debt – related party

$ 137,000

$ 0

[1]	– Supplemental disclosures are inclusive of activity for both continuing and discontinued operations.

CONSOLIDATED BALANCE SHEETS - USD ($)	Apr. 30, 2026	Apr. 30, 2025
Current Assets
Cash	$ 158,325	$ 0
Assets of discontinued operations	0	144,297
Total Current Assets	158,325	144,297
Mining assets	1,900,000	0
Investment in unrelated business	25,000	0
Total Non Current Assets	1,925,000	0
Total Assets	2,083,325	144,297
Current Liabilities
Accounts Payable	3,494	396
Derivative liability	812,121	0
Liabilities of discontinued operations	5,272	5,272
Mining acquisition payable	275,000	0
Notes payable	493,581	0
Loan Payable – Related Parties	199,469	221,927
Total Current Liabilities	1,788,937	227,595
Total Liabilities	1,788,937	227,595
Stockholders’ Equity / (Deficit)
Common stock, $0.001 par value, 500,000,000 shares authorized, 19,224,047 and 5,829,047 shares issued and outstanding at April 30, 2026 and 2025, respectively	19,224	5,829
Additional Paid-in Capital	15,113,785	31,897
Accumulated Deficit	(14,838,621)	(121,024)
Total Stockholders’ Equity / (Deficit)	294,388	(83,298)
Total Liabilities & Stockholders’ Equity (Deficit)	$ 2,083,325	$ 144,297