Golden Royal Development Inc.

Overview

• IndustryCrude Petroleum & Natural Gas¹
• HeadquartersBrooklyn, New York¹
• Incorporated inDE²
• Business address543 Bedford Avenue, Suite 176, Brooklyn, Ny 11211²
• Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company²
• Legal formCorporation

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We do not know whether there is any mining activity on land in the vicinity of our leasehold.³ From its latest annual report

What it owns

What Golden Royal Development Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

Properties, in its own words

The Company’s only physical property is its executive office, which is located at 543 Beford Avenue, Suite 176, New York, New York. Those premises are provided to the Company at no cost by the Company’s CEO. Prior to November 1, 2023, the Company’s executive office was located at 80 Main Street, Suite 415 in West Orange, New Jersey. The Company leased those premises at no cost from a personal friend of the Company’s CEO.

Item 2 of the 10-K filed Jan 10, 2025.³

Leadership

Named in SEC Form D filings

People the company listed in its private-offering notices.

• Executive Officer, DirectorBernard Rosenberg named Nov 1, 2022¹²
• Executive Officer, DirectorJacob Roth named Nov 1, 2022¹²

Timeline

1. Dec 22, 20228-K Change of auditor¹³

Filings

22 filings to the SEC since October 2021: 4 annual reports, 12 quarterly reports, 1 major events, 1 private raises, 4 other. The latest 20:

1. Jan 10, 202510-K EDGAR
2. Dec 30, 2024NT 10-K EDGAR
3. Nov 12, 202410-Q EDGAR
4. Jul 16, 202410-Q EDGAR
5. Mar 8, 202410-Q EDGAR
6. Mar 4, 202410-K EDGAR
7. Dec 29, 2023NT 10-K EDGAR
8. Sep 5, 202310-Q EDGAR
9. Aug 14, 2023NT 10-Q EDGAR
10. May 22, 202310-Q EDGAR
11. May 15, 2023NT 10-Q EDGAR
12. Mar 14, 202310-Q EDGAR
13. Mar 2, 202310-K EDGAR
14. Dec 22, 20228-K EDGAR
15. Nov 1, 2022D EDGAR
16. Aug 15, 202210-Q EDGAR
17. Jul 8, 202210-Q EDGAR
18. Mar 4, 202210-Q EDGAR
19. Feb 4, 202210-K EDGAR
20. Oct 7, 202110-Q EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

1. Feb 17, 2017Raised $4,986 in a private offering of equity¹² Form D: 37 investors so far Form D

SEC filer profile

How Golden Royal Development Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

• Name on EDGARGolden Royal Development Inc.¹
• CIK0001761534
• Employer ID (EIN)81-4563277³
• Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company³
• Incorporated inDelaware³
• Fiscal year endsSeptember 30¹
• Industry code (SIC)1311 Crude Petroleum & Natural Gas¹
• SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance¹
• Business address543 Bedford Avenue, Suite 176, Brooklyn, NY 11211¹
• Phone800-320-7898¹
• Shares outstanding7,841,550 shares as of Jan 9, 2025³
• Public float$58.7K as of Mar 31, 2024³
• AuditorMac Accounting Group & CPAs, LLP, Midvale, Utah PCAOB ID 6258³
• On EDGAR sinceJan 16, 2019¹
• Filings34 in all: 10-Q (17), 10-K (6), NT 10-K (3), NT 10-Q (3), 10-12G (1), 10-12G/A (1), 8-K (1), D (1)¹
  All 9 form types

  UPLOAD (1)

• Latest filingsAnnual report (10-K) Jan 10, 2025
  Quarterly report (10-Q) Nov 12, 2024
  Latest 8-K (8-K) Dec 22, 2022

Risk factors and legal proceedings

The risks Golden Royal Development Inc. names in Item 1A of its 10-K filed Jan 10, 2025: 17 risks under these headings, as written.³

• Our auditor has indicated that there is a substantial doubt as to whether we will be able to continue as a going concern.
• We may be unable to sustain operations and we will certainly not be able to acquire mineral rights and expand operations until we raise significant funds.
• We may be required to raise additional financing by issuing new securities with terms or rights superior to those of our shares of common stock, which could adversely affect the market price of our shares of common stock.
• The administrative costs of public company regulatory compliance could become burdensome and consume a significant amount of the Company’s cash resources, which could materially and adversely affect its business.
• The mineral exploration and mining industry is highly competitive and there is no assurance that the company will be successful.
• Any change in government regulation/administrative practices may have a negative impact on Golden Royal’s ability to operate and its profitability.
• Golden Royal has limited mineral property assets or interests and cannot guarantee that it will identify or acquire any additional viable mineral property assets or interests.
• The Company does not have sufficient funds to operate profitably as an investor in mineral properties.
• Our success is dependent on the continued employment of Jacob Roth, our President and Chairman of the Board.
• The Company’s principal officer and director may be subject to conflicts of interest.
• Our Chief Executive Officer owns a majority of the outstanding common stock, which enables him to exercise complete control over all corporate matters.
• The Company is not likely to hold annual shareholder meetings in the next few years.