SEC Info - Global Gold Royalty Inc. - ‘10-Q’ for 3/31/22

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Global Gold Royalty Inc. – ‘10-Q’ for 3/31/22 – ‘XML’

On: Monday, 5/16/22, at 11:57am ET · For: 3/31/22 · Accession #: 1477932-22-3428 · File #: 0-56400

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/16/22  Global Gold Royalty Inc.          10-Q        3/31/22   37:1.2M                                   Discount Edgar/FA

Quarterly Report — Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    195K 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     16K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     16K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     12K 
 5: EX-32.2     Certification -- §906 - SOA'02                      HTML     12K 
11: R1          Cover                                               HTML     64K 
12: R2          Condensed Balance Sheets                            HTML     80K 
13: R3          Condensed Balance Sheets (Parenthetical)            HTML     25K 
14: R4          Condensed Statements of Operations (Unaudited)      HTML     53K 
15: R5          Condensed Statements of Cash Flows (Unaudited)      HTML     58K 
16: R6          Condensed Statements of Changes in Shareholders'    HTML     32K 
                Equity (Deficit) (Unaudited)                                     
17: R7          Nature of Business                                  HTML     15K 
18: R8          Summary of Significant Accounting Policies          HTML     27K 
19: R9          Going Concern                                       HTML     15K 
20: R10         Revenue Recognition                                 HTML     17K 
21: R11         Legal Matters                                       HTML     12K 
22: R12         Liabilities                                         HTML     13K 
23: R13         Capital Stock                                       HTML     15K 
24: R14         Related Party Transactions                          HTML     15K 
25: R15         Subsequent Events                                   HTML     15K 
26: R16         Summary of Significant Accounting Policies          HTML     46K 
                (Policies)                                                       
27: R17         Nature of Business (Details Narrative)              HTML     13K 
28: R18         Going Concern (Details Narrative)                   HTML     15K 
29: R19         Liabilities (Details Narrative)                     HTML     19K 
30: R20         Capital Stock (Details Narrative)                   HTML     31K 
31: R21         Related Party Transactions (Details Narrative)      HTML     14K 
32: R22         Subsequent Events (Details Narrative)               HTML     14K 
35: XML         IDEA XML File -- Filing Summary                      XML     55K 
33: XML         XBRL Instance -- global_10q_htm                      XML    159K 
34: EXCEL       IDEA Workbook of Financial Reports                  XLSX     30K 
 8: EX-101.CAL  XBRL Calculations -- global-20220331_cal             XML     62K 
10: EX-101.DEF  XBRL Definitions -- global-20220331_def              XML     50K 
 7: EX-101.LAB  XBRL Labels -- global-20220331_lab                   XML    274K 
 9: EX-101.PRE  XBRL Presentations -- global-20220331_pre            XML    189K 
 6: EX-101.SCH  XBRL Schema -- global-20220331                       XSD     58K 
36: JSON        XBRL Instance as JSON Data -- MetaLinks              112±   144K 
37: ZIP         XBRL Zipped Folder -- 0001477932-22-003428-xbrl      Zip     50K

‘XML’ — XBRL Instance — global_10q_htm

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<us-gaap:BusinessDescriptionAndBasisOfPresentationTextBlock contextRef="From2022-01-01to2022-03-31" id="fid_148">

Note 1: Nature of Business Global Gold Royalty Inc. (the “Company”) was established under the laws of the State of Nevada on August 23, 2019. The Company is engaged in the business of financing mining projects, primarily in precious metals. We seek to generate royalty agreements with mining operators that are in production or about to commence production. Royalties are non-operating interests in mining projects that provide the right to revenues from projects after deducting specified costs.

</us-gaap:BusinessDescriptionAndBasisOfPresentationTextBlock>

<global:IncorporationDateOfIncorporation contextRef="From2022-01-01to2022-03-31" id="fid_194"> 2019-08-23 </global:IncorporationDateOfIncorporation>

<us-gaap:SignificantAccountingPoliciesTextBlock contextRef="From2022-01-01to2022-03-31" id="fid_149">

Note 2: Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed financial statements of Global Gold Royalty Inc. (the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all normal recurring adjustments considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022. For further information refer to the financial statements and footnotes for the year ended December 31, 2021 thereto included in the Company’s Form 10-K as filed with the Securities and Exchange Commission. Use of Estimates and Assumptions The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. Due to the limited level of operations, the Company has not had to make material assumptions or estimates other than the assumption that the Company is a going concern. Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Cash is comprised of bank deposits at financial institutions with insured by the Federal Deposit Insurance Corporation. Management believes there is no risk of loss as the Company’s balance does not exceed the maximum amount insured.Royalty Interests in Mineral Properties and Related Depletion Royalty interests include acquired royalty interests in production, development and exploration stage properties. The costs of acquired royalty interests are capitalized as tangible assets as such interests do not meet the definition of a financial asset under the ASC guidance. Production stage royalty interests are depleted using the units of production method over the life of the mineral property (as royalty payments are recognized), which are estimated using proven and probable reserves as provided by the operator. Development stage mineral properties, which are not yet in production, are not depleted until the property begins production. Exploration stage mineral properties, where there are no proven and probable reserves, are not depleted. At such time as the associated exploration stage mineral interests are converted to proven and probable reserves, the mineral property is depleted over its life, using proven and probable reserves. The Company has not begun generating revenues from royalty interests. Asset Impairment We evaluate long‑lived assets for impairment whenever events or changes in circumstances indicate that the related carrying amounts of an asset or group of assets may not be recoverable. The recoverability of the carrying value of royalty interests in production and development stage properties is evaluated based upon estimated future undiscounted net cash flows from each royalty interest using estimates of proven and probable reserves and other relevant information received from the operators. We evaluate the recoverability of the carrying value of royalty interests in exploration stage properties in the event of significant decreases in the price of gold and whenever new information regarding the properties is obtained from the operator indicating that production will not likely occur or may be reduced in the future, thus potentially affecting the future recoverability of our royalty interests. Impairments in the carrying value of each property are measured and recorded to the extent that the carrying value in each property exceeds its estimated fair value, which is generally calculated using estimated future discounted cash flows. Estimates of gold price, and operators’ estimates of proven and probable reserves or mineralized material related to our royalty properties are subject to certain risks and uncertainties which may affect the recoverability of our investment in these royalty interests in properties. It is possible that changes could occur to these estimates, which could adversely affect the net cash flows expected to be generated from these royalty interests. Revenue Recognition Revenue is recognized pursuant to current guidance in ASC 606 – Revenue from Contracts with Customers (“ASC 606”). Under current ASC 606 guidance, a performance obligation is a promise in a contract to transfer control of a distinct good or service (or integrated package of goods and/or services) to a customer. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, a performance obligation is satisfied. In accordance with this guidance, revenue attributable to our royalty interests is generally recognized at the point in time that control of the related gold production transfers to our customers. The amount of revenue we recognize further reflects the consideration to which we are entitled under the respective royalty agreement. A more detailed summary of revenue recognition policies for our royalty interests is discussed in Note 4. Fair Value of Financial Instruments ASC 825, “Disclosures about Fair Value of Financial Instruments”, requires disclosure of fair value information about financial instruments. ASC 820, “Fair Value Measurements” defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements The respective carrying values of certain on-balance-sheet financial instruments approximate their fair values. These financial instruments include cash, accrued liabilities and notes payable. Fair values were assumed to approximate carrying values for these financial instruments since they are short term in nature and their carrying amounts approximate fair value.Basic and Diluted Loss Per Share The Company computes earnings (loss) per share in accordance with ASC 260-10-45 “Earnings per Share”, which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic earnings (loss) per share is computed by dividing net earnings (loss) available to common stockholders by the weighted average number of outstanding common shares during the period. Diluted earnings (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive earnings (loss) per share excludes all potential common shares if their effect is anti-dilutive. The Company has no potential dilutive instruments, and therefore, basic and diluted earnings (loss) per share are equal. Income Taxes We use the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, “Income Taxes.” Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity’s financial statements or tax returns. 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. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax assets will not be realized. ASC Topic 740.10.30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740.10.40 provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. Company management has yet to determine when it could generate taxable income, therefore it has not recognized deferred tax assets for the year ended December 31, 2021.

</us-gaap:SignificantAccountingPoliciesTextBlock>

<us-gaap:BasisOfPresentationAndSignificantAccountingPoliciesTextBlock contextRef="From2022-01-01to2022-03-31" id="fid_166">

The accompanying unaudited condensed financial statements of Global Gold Royalty Inc. (the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all normal recurring adjustments considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022. For further information refer to the financial statements and footnotes for the year ended December 31, 2021 thereto included in the Company’s Form 10-K as filed with the Securities and Exchange Commission.

</us-gaap:BasisOfPresentationAndSignificantAccountingPoliciesTextBlock>

<us-gaap:UseOfEstimates contextRef="From2022-01-01to2022-03-31" id="fid_158">

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. Due to the limited level of operations, the Company has not had to make material assumptions or estimates other than the assumption that the Company is a going concern.

</us-gaap:UseOfEstimates>

<us-gaap:CashAndCashEquivalentsPolicyTextBlock contextRef="From2022-01-01to2022-03-31" id="fid_159">

The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Cash is comprised of bank deposits at financial institutions with insured by the Federal Deposit Insurance Corporation. Management believes there is no risk of loss as the Company’s balance does not exceed the maximum amount insured.

</us-gaap:CashAndCashEquivalentsPolicyTextBlock>

<global:RoyaltyInterestsInMineralPropertiesAndRelatedDepletionpolicytextblock contextRef="From2022-01-01to2022-03-31" id="fid_160">

Royalty interests include acquired royalty interests in production, development and exploration stage properties. The costs of acquired royalty interests are capitalized as tangible assets as such interests do not meet the definition of a financial asset under the ASC guidance. Production stage royalty interests are depleted using the units of production method over the life of the mineral property (as royalty payments are recognized), which are estimated using proven and probable reserves as provided by the operator. Development stage mineral properties, which are not yet in production, are not depleted until the property begins production. Exploration stage mineral properties, where there are no proven and probable reserves, are not depleted. At such time as the associated exploration stage mineral interests are converted to proven and probable reserves, the mineral property is depleted over its life, using proven and probable reserves. The Company has not begun generating revenues from royalty interests.

</global:RoyaltyInterestsInMineralPropertiesAndRelatedDepletionpolicytextblock>

<us-gaap:ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock contextRef="From2022-01-01to2022-03-31" id="fid_161">

We evaluate long‑lived assets for impairment whenever events or changes in circumstances indicate that the related carrying amounts of an asset or group of assets may not be recoverable. The recoverability of the carrying value of royalty interests in production and development stage properties is evaluated based upon estimated future undiscounted net cash flows from each royalty interest using estimates of proven and probable reserves and other relevant information received from the operators. We evaluate the recoverability of the carrying value of royalty interests in exploration stage properties in the event of significant decreases in the price of gold and whenever new information regarding the properties is obtained from the operator indicating that production will not likely occur or may be reduced in the future, thus potentially affecting the future recoverability of our royalty interests. Impairments in the carrying value of each property are measured and recorded to the extent that the carrying value in each property exceeds its estimated fair value, which is generally calculated using estimated future discounted cash flows. Estimates of gold price, and operators’ estimates of proven and probable reserves or mineralized material related to our royalty properties are subject to certain risks and uncertainties which may affect the recoverability of our investment in these royalty interests in properties. It is possible that changes could occur to these estimates, which could adversely affect the net cash flows expected to be generated from these royalty interests.

</us-gaap:ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock>

<us-gaap:RevenueRecognitionPolicyTextBlock contextRef="From2022-01-01to2022-03-31" id="fid_162">

Revenue is recognized pursuant to current guidance in ASC 606 – Revenue from Contracts with Customers (“ASC 606”). Under current ASC 606 guidance, a performance obligation is a promise in a contract to transfer control of a distinct good or service (or integrated package of goods and/or services) to a customer. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, a performance obligation is satisfied. In accordance with this guidance, revenue attributable to our royalty interests is generally recognized at the point in time that control of the related gold production transfers to our customers. The amount of revenue we recognize further reflects the consideration to which we are entitled under the respective royalty agreement. A more detailed summary of revenue recognition policies for our royalty interests is discussed in Note 4.

</us-gaap:RevenueRecognitionPolicyTextBlock>

<us-gaap:FairValueOfFinancialInstrumentsPolicy contextRef="From2022-01-01to2022-03-31" id="fid_163">

ASC 825, “Disclosures about Fair Value of Financial Instruments”, requires disclosure of fair value information about financial instruments. ASC 820, “Fair Value Measurements” defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements The respective carrying values of certain on-balance-sheet financial instruments approximate their fair values. These financial instruments include cash, accrued liabilities and notes payable. Fair values were assumed to approximate carrying values for these financial instruments since they are short term in nature and their carrying amounts approximate fair value.

</us-gaap:FairValueOfFinancialInstrumentsPolicy>

<us-gaap:EarningsPerSharePolicyTextBlock contextRef="From2022-01-01to2022-03-31" id="fid_164">

The Company computes earnings (loss) per share in accordance with ASC 260-10-45 “Earnings per Share”, which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic earnings (loss) per share is computed by dividing net earnings (loss) available to common stockholders by the weighted average number of outstanding common shares during the period. Diluted earnings (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive earnings (loss) per share excludes all potential common shares if their effect is anti-dilutive. The Company has no potential dilutive instruments, and therefore, basic and diluted earnings (loss) per share are equal.

</us-gaap:EarningsPerSharePolicyTextBlock>

<us-gaap:IncomeTaxPolicyTextBlock contextRef="From2022-01-01to2022-03-31" id="fid_165">

We use the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, “Income Taxes.” Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity’s financial statements or tax returns. 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. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax assets will not be realized. ASC Topic 740.10.30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740.10.40 provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. Company management has yet to determine when it could generate taxable income, therefore it has not recognized deferred tax assets for the year ended December 31, 2021.

</us-gaap:IncomeTaxPolicyTextBlock>

<us-gaap:SubstantialDoubtAboutGoingConcernTextBlock contextRef="From2022-01-01to2022-03-31" id="fid_150">

Note 3: Going Concern As shown in the accompanying financial statements, the Company has incurred cumulative operating losses since inception. As of March 31, 2022, the Company has limited financial resources with which to achieve its objectives and attain profitability and positive cash flows from operations. As shown in the accompanying balance sheets and statements of operations, the Company has an accumulated deficit of $87,180.Achievement of the Company’s objectives will depend on its ability to obtain additional financing, to generate revenue from current and planned business operations, and to effectively control operating and capital costs. The Company plans to fund its future operations by seeking equity and/or debt financing. However, there is no assurance that the Company will be able to achieve these objectives, therefore substantial doubt about its ability to continue as a going concern exists.

</us-gaap:SubstantialDoubtAboutGoingConcernTextBlock>

<us-gaap:RetainedEarningsAccumulatedDeficit contextRef="AsOf2022-03-31" decimals="0" id="fid_217" unitRef="USD"> -87180 </us-gaap:RetainedEarningsAccumulatedDeficit>

<us-gaap:RevenueRecognitionSalesOfGoods contextRef="From2022-01-01to2022-03-31" id="fid_215">

Note 4: Revenue Recognition Under U.S. GAAP, a performance obligation is a promise in a contract to transfer control of a distinct good or service (or integrated package of goods and/or services) to a customer. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, a performance obligation is satisfied. In accordance with this guidance, revenue attributable to our royalty interests is generally recognized at the point in time that control of the related metal production transfers to our customers. The amount of revenue we recognize further reflects the consideration to which we are entitled under the respective royalty agreement. A more detailed summary of revenue recognition policies for our royalty interests is discussed below. Royalty InterestsRoyalties are non-operating interests in mining projects that provide the right to a percentage of revenue from the project after deducting specified costs. We are entitled to payment for our royalty interest in a mining project based on a contractually specified commodity price (for example, a monthly or quarterly average spot price) for the period in which metal production occurred. As a royalty holder, we act as a passive entity in the production and operations of the mining project, and the third-party operator of the mining project is responsible for all mining activities, including subsequent marketing and delivery of all metal production to their ultimate customer. In all of our material royalty interest arrangements, we have concluded that we transfer control of our interest in the metal production to the operator at the point at which production occurs, and thus, the operator is our customer. We have further determined that the transfer of each unit of metal production, comprising our royalty interest, to the operator represents a separate performance obligation under the contract, and each performance obligation is satisfied at the point in time of metal production by the operator. Accordingly, we recognize revenue attributable to our royalty interests in the period in which metal production occurs at the specified commodity price per the agreement, net of any contractually allowable offsite treatment, refining, transportation and, if applicable, mining costs. The Company has not begun generating revenues from royalty interests.

</us-gaap:RevenueRecognitionSalesOfGoods>

<us-gaap:LegalMattersAndContingenciesTextBlock contextRef="From2022-01-01to2022-03-31" id="fid_152">

Note 5: Legal Matters The Company has no legal issues pending.

</us-gaap:LegalMattersAndContingenciesTextBlock>

<global:LiabilitiesDisclosureTextBlock contextRef="From2022-01-01to2022-03-31" id="fid_210">

Note 6: Liabilities As of March 31, 2022 and December 31, 2021, the Company has incurred $8,381 and $7,500 in current liabilities. These primarily comprised of payables and accrued expense related to maintaining a company that reports to the U.S. Securities and Exchange Commission.

</global:LiabilitiesDisclosureTextBlock>

<us-gaap:Liabilities contextRef="AsOf2022-03-31" decimals="0" id="fid_220" unitRef="USD"> 8381 </us-gaap:Liabilities>

<us-gaap:Liabilities contextRef="AsOf2021-12-31" decimals="0" id="fid_221" unitRef="USD"> 7500 </us-gaap:Liabilities>

<global:CapitalStockDisclosuresTextBlock contextRef="From2022-01-01to2022-03-31" id="fid_154">

Note 7: Capital Stock On September 28, 2020 the Company issued 80,000,000 post-split (20,000,000 pre-split) shares of common stock for a purchase price of $0.001 per share to the Company’s then sole shareholder on receiving aggregate proceeds of $20,000. On November 17, 2020 the Company increased its authorized capital to 200,000,000 shares with a par value of $0.001 per share, of which, 180,000,000 shares are designated as common shares and 20,000,000 shares are designated as preferred shares. On December 17, 2021 the Board of Directors approved a 4 for 1 stock split on all issued and outstanding shares, bringing the total number of shares to 80,261,200 as of December 31, 2021. A public offering of common stock in the Company commenced on April 26, 2021 when the Form S-1 registration statement filed with the SEC was declared effective. A total of 261,200 post-split (65,300 pre-split) shares at $1.0 per share were allotted. There were no outstanding stock options or warrants.

</global:CapitalStockDisclosuresTextBlock>

<global:CommonstockpostSplitSharesissued4d contextRef="AsOf2020-09-28" decimals="0" id="fid_200" unitRef="Shares"> 80000000 </global:CommonstockpostSplitSharesissued4d>

<global:CommonstockPreSplitSharesissued contextRef="AsOf2020-09-28" decimals="0" id="fid_201" unitRef="Shares"> 20000000 </global:CommonstockPreSplitSharesissued>

<us-gaap:SharePrice contextRef="AsOf2020-09-28" decimals="INF" id="fid_202" unitRef="USDPShares"> 0.001 </us-gaap:SharePrice>

<global:AggregateProceedsAmount contextRef="From2020-09-01to2020-09-28" decimals="0" id="fid_209" unitRef="USD"> 20000 </global:AggregateProceedsAmount>

<global:AuthorizedCapital contextRef="From2020-11-01to2020-11-17" decimals="0" id="fid_204" unitRef="Shares"> 200000000 </global:AuthorizedCapital>

<us-gaap:SharePrice contextRef="AsOf2020-11-17" decimals="INF" id="fid_208" unitRef="USDPShares"> 0.001 </us-gaap:SharePrice>

<us-gaap:CommonStockSharesIssued contextRef="AsOf2020-11-17" decimals="0" id="fid_205" unitRef="Shares"> 180000000 </us-gaap:CommonStockSharesIssued>

<us-gaap:PreferredStockSharesIssued contextRef="AsOf2020-11-17" decimals="0" id="fid_207" unitRef="Shares"> 20000000 </us-gaap:PreferredStockSharesIssued>

<global:DescriptionOfReverseSplit contextRef="From2021-12-01to2021-12-17" id="fid_188"> 4 for 1 stock split </global:DescriptionOfReverseSplit>

<us-gaap:CommonStockSharesIssued contextRef="AsOf2021-12-31" decimals="0" id="fid_174" unitRef="Shares"> 80261200 </us-gaap:CommonStockSharesIssued>

<global:TotalNumberOfShareSubscribedPostSplit contextRef="AsOf2021-04-26" decimals="0" id="fid_181" unitRef="Shares"> 261200 </global:TotalNumberOfShareSubscribedPostSplit>

<global:TotalNumberOfShareSubscribed contextRef="AsOf2021-04-26" decimals="0" id="fid_183" unitRef="Shares"> 65300 </global:TotalNumberOfShareSubscribed>

<us-gaap:SharePrice contextRef="AsOf2021-04-26" decimals="INF" id="fid_182" unitRef="USDPShares"> 1.0 </us-gaap:SharePrice>

<us-gaap:RelatedPartyTransactionsDisclosureTextBlock contextRef="From2022-01-01to2022-03-31" id="fid_156">

Note 8: Related Party Transactions The Company owed its director, also its major shareholder, a total of $2,881 as at March 31, 2022.

</us-gaap:RelatedPartyTransactionsDisclosureTextBlock>

<us-gaap:LoansPayableCurrent contextRef="AsOf2022-03-31" decimals="0" id="fid_193" unitRef="USD"> 2881 </us-gaap:LoansPayableCurrent>

<us-gaap:SubsequentEventsTextBlock contextRef="From2022-01-01to2022-03-31" id="fid_157">

Note 9: Subsequent Events The Company issued 360,000 shares of common stocks on April 18, 2022 for cash. The Company has evaluated its operations after March 31, 2022, the date these financial statements were available to be issued and has determined that there were no significant subsequent events or transactions that would require recognition or disclosure in these financial statements.

</us-gaap:SubsequentEventsTextBlock>

<us-gaap:StockIssuedDuringPeriodSharesNewIssues contextRef="From2022-04-01to2022-04-18_us-gaap_SubsequentEventMember" decimals="0" id="fid_190" unitRef="Shares"> 360000 </us-gaap:StockIssuedDuringPeriodSharesNewIssues>

</xbrl>

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

12/16/20  Global Gold Royalty Inc.          S-1                    6:5M                                     Discount Edgar/FA

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Filing Submission 0001477932-22-003428 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Global Gold Royalty Inc. – ‘10-Q’ for 3/31/22 – ‘XML’

On: Monday, 5/16/22, at 11:57am ET · For: 3/31/22 · Accession #: 1477932-22-3428 · File #: 0-56400

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Quarterly Report — Form 10-Q

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