10-Q 1 star_i10q-093022.htm FORM 10-Q
0001614556 false --06-30 2023 Q1 0001614556 2022-07-01 2022-09-30 0001614556 2022-11-29 0001614556 2022-09-30 0001614556 2022-06-30 0001614556 us-gaap:PreferredStockMember 2022-09-30 0001614556 us-gaap:PreferredStockMember 2022-06-30 0001614556 us-gaap:SeriesAPreferredStockMember 2022-09-30 0001614556 us-gaap:SeriesAPreferredStockMember 2022-06-30 0001614556 us-gaap:SeriesBPreferredStockMember 2022-09-30 0001614556 us-gaap:SeriesBPreferredStockMember 2022-06-30 0001614556 us-gaap:SeriesCPreferredStockMember 2022-09-30 0001614556 us-gaap:SeriesCPreferredStockMember 2022-06-30 0001614556 2021-07-01 2021-09-30 0001614556 stal:SeriesAPreferredStocksMember 2022-06-30 0001614556 stal:SeriesBPreferredStocksMember 2022-06-30 0001614556 stal:SeriesCPreferredStocksMember 2022-06-30 0001614556 us-gaap:CommonStockMember 2022-06-30 0001614556 us-gaap:AdditionalPaidInCapitalMember 2022-06-30 0001614556 stal:CommonStockToBeIssuedMember 2022-06-30 0001614556 stal:StockSubscriptionReceivableMember 2022-06-30 0001614556 us-gaap:RetainedEarningsMember 2022-06-30 0001614556 stal:SeriesAPreferredStocksMember 2021-06-30 0001614556 stal:SeriesBPreferredStocksMember 2021-06-30 0001614556 stal:SeriesCPreferredStocksMember 2021-06-30 0001614556 us-gaap:CommonStockMember 2021-06-30 0001614556 us-gaap:AdditionalPaidInCapitalMember 2021-06-30 0001614556 stal:CommonStockToBeIssuedMember 2021-06-30 0001614556 stal:StockSubscriptionReceivableMember 2021-06-30 0001614556 us-gaap:RetainedEarningsMember 2021-06-30 0001614556 2021-06-30 0001614556 stal:SeriesAPreferredStocksMember 2022-07-01 2022-09-30 0001614556 stal:SeriesBPreferredStocksMember 2022-07-01 2022-09-30 0001614556 stal:SeriesCPreferredStocksMember 2022-07-01 2022-09-30 0001614556 us-gaap:CommonStockMember 2022-07-01 2022-09-30 0001614556 us-gaap:AdditionalPaidInCapitalMember 2022-07-01 2022-09-30 0001614556 stal:CommonStockToBeIssuedMember 2022-07-01 2022-09-30 0001614556 stal:StockSubscriptionReceivableMember 2022-07-01 2022-09-30 0001614556 us-gaap:RetainedEarningsMember 2022-07-01 2022-09-30 0001614556 stal:SeriesAPreferredStocksMember 2021-07-01 2021-09-30 0001614556 stal:SeriesBPreferredStocksMember 2021-07-01 2021-09-30 0001614556 stal:SeriesCPreferredStocksMember 2021-07-01 2021-09-30 0001614556 us-gaap:CommonStockMember 2021-07-01 2021-09-30 0001614556 us-gaap:AdditionalPaidInCapitalMember 2021-07-01 2021-09-30 0001614556 stal:CommonStockToBeIssuedMember 2021-07-01 2021-09-30 0001614556 stal:StockSubscriptionReceivableMember 2021-07-01 2021-09-30 0001614556 us-gaap:RetainedEarningsMember 2021-07-01 2021-09-30 0001614556 stal:SeriesAPreferredStocksMember 2022-09-30 0001614556 stal:SeriesBPreferredStocksMember 2022-09-30 0001614556 stal:SeriesCPreferredStocksMember 2022-09-30 0001614556 us-gaap:CommonStockMember 2022-09-30 0001614556 us-gaap:AdditionalPaidInCapitalMember 2022-09-30 0001614556 stal:CommonStockToBeIssuedMember 2022-09-30 0001614556 stal:StockSubscriptionReceivableMember 2022-09-30 0001614556 us-gaap:RetainedEarningsMember 2022-09-30 0001614556 stal:SeriesAPreferredStocksMember 2021-09-30 0001614556 stal:SeriesBPreferredStocksMember 2021-09-30 0001614556 stal:SeriesCPreferredStocksMember 2021-09-30 0001614556 us-gaap:CommonStockMember 2021-09-30 0001614556 us-gaap:AdditionalPaidInCapitalMember 2021-09-30 0001614556 stal:CommonStockToBeIssuedMember 2021-09-30 0001614556 stal:StockSubscriptionReceivableMember 2021-09-30 0001614556 us-gaap:RetainedEarningsMember 2021-09-30 0001614556 2021-09-30 0001614556 us-gaap:FairValueInputsLevel1Member us-gaap:DerivativeMember 2022-09-30 0001614556 us-gaap:FairValueInputsLevel2Member us-gaap:DerivativeMember 2022-09-30 0001614556 us-gaap:FairValueInputsLevel3Member us-gaap:DerivativeMember 2022-09-30 0001614556 us-gaap:FairValueInputsLevel1Member 2022-09-30 0001614556 us-gaap:FairValueInputsLevel2Member 2022-09-30 0001614556 us-gaap:FairValueInputsLevel3Member 2022-09-30 0001614556 us-gaap:FairValueInputsLevel1Member us-gaap:DerivativeMember 2022-06-30 0001614556 us-gaap:FairValueInputsLevel2Member us-gaap:DerivativeMember 2022-06-30 0001614556 us-gaap:FairValueInputsLevel3Member us-gaap:DerivativeMember 2022-06-30 0001614556 us-gaap:FairValueInputsLevel1Member 2022-06-30 0001614556 us-gaap:FairValueInputsLevel2Member 2022-06-30 0001614556 us-gaap:FairValueInputsLevel3Member 2022-06-30 0001614556 stal:CompaniaMineraMetalurgicaCentroAmericanaMember 2021-12-15 0001614556 2021-12-15 0001614556 2021-12-01 2021-12-15 0001614556 stal:CompaniaMineraMetalurgicaCentroAmericanaMember 2022-01-01 2022-01-31 0001614556 stal:NsmMember 2022-05-09 0001614556 stal:WyomingCorporationMember 2022-05-09 0001614556 stal:NsmMember 2022-05-01 2022-05-09 0001614556 stal:NgmMember 2022-05-11 0001614556 stal:WyomingCorporationMember 2022-05-11 0001614556 stal:NgmMember 2022-05-01 2022-05-11 0001614556 stal:MagmaInternationalIncMember 2022-05-23 0001614556 stal:AnthonyAnishMember 2022-09-30 0001614556 stal:AnthonyAnishMember 2022-06-30 0001614556 stal:RichardCareyMember 2022-09-30 0001614556 stal:RichardCareyMember 2022-06-30 0001614556 stal:JohnBairdMember 2022-09-30 0001614556 stal:FernandoGodinaMember 2022-08-15 0001614556 stal:FernandoGodinaMember 2022-08-01 2022-08-15 0001614556 stal:BryanCappellMember 2022-08-15 0001614556 stal:BryanCappellMember 2022-08-01 2022-08-15 0001614556 stal:WeversonCorreiaMember 2022-08-15 0001614556 stal:WeversonCorreiaMember 2022-08-01 2022-08-15 0001614556 stal:AnthonyAnishMember 2022-08-15 0001614556 stal:AnthonyAnishMember 2022-08-01 2022-08-15 0001614556 stal:KokCheeLeeMember 2022-09-30 0001614556 stal:KokCheeLeeMember 2022-06-30 0001614556 stal:FormerSecyOfBoardMember 2018-06-01 0001614556 stal:FormerSecyOfBoardMember 2017-07-01 2018-06-01 0001614556 stal:FormerSecyOfBoardMember 2022-09-30 0001614556 stal:FormerSecyOfBoardMember 2022-06-30 0001614556 2022-03-28 0001614556 stal:FastCapitalLLCMember 2022-06-01 2022-06-08 0001614556 2022-06-01 2022-06-08 0001614556 2021-07-01 2022-06-30 0001614556 srt:MinimumMember 2021-09-30 0001614556 srt:MaximumMember 2021-09-30 0001614556 srt:MinimumMember 2022-09-30 0001614556 srt:MaximumMember 2022-09-30 0001614556 srt:MinimumMember 2022-07-01 2022-09-30 0001614556 srt:MaximumMember 2022-07-01 2022-09-30 0001614556 srt:MinimumMember 2021-07-01 2021-09-30 0001614556 srt:MaximumMember 2021-07-01 2021-09-30 0001614556 us-gaap:SeriesAPreferredStockMember stal:RichardCareyMember 2020-07-01 2020-07-02 0001614556 stal:AssetPurchaseAgreementMember us-gaap:SeriesBPreferredStockMember 2019-07-01 2019-08-13 0001614556 us-gaap:SeriesCPreferredStockMember 2022-03-30 0001614556 us-gaap:SeriesCPreferredStockMember 2021-07-01 2022-06-30 0001614556 us-gaap:SeriesCPreferredStockMember 2022-07-01 2022-09-30 0001614556 us-gaap:CommonStockMember stal:StockSaleMember 2022-07-01 2022-09-30 0001614556 2021-12-02 2021-12-15 0001614556 stal:CompaniaMineraMetalurgicaCentroAmericanaMember 2021-12-01 2021-12-17 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure

Table of Contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended September 30, 2022

 

or

 

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

Commission File Number: 333-197692

 

STAR ALLIANCE INTERNATIONAL CORP.
(Exact name of registrant as specified in its charter)

 

Nevada   37-1757067
(State or other jurisdiction of incorporation or organization)   (I.R.S. Employer Identification No.)

 

 

5743 Corsa Avenue, Suite 218 Westlake Village, CA   91362
(Address of principal executive offices)   (Zip Code)

 

833-443-7827

(Registrant’s telephone number)

 

___________________________________

(Former name, former address and former fiscal year, if changed since last report)

 

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

 

Title of each class Trading Symbol(s) Name of each exchange on which registered
Common STAL OTC MARKETS-PINK

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 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

 

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.

 

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. ☐

 

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

 

Securities registered pursuant to Section 12(b) of the Act: None.

 

Indicate the number of shares outstanding of each of the issuer’s classes of common stock as of the latest practicable date: 182,838,028 shares of common stock par value $0.001, were outstanding as at as of November 29, 2022.

 

 

 

   

 

 

STAR ALLIANCE INTERNATIONAL CORP.

FORM 10-Q

Quarterly Period Ended September 30, 2022

 

TABLE OF CONTENTS

 

  Page
     
PART I. FINANCIAL INFORMATION    
     
Item 1 Financial Statements   3
  Balance Sheets as of September 30, 2022 (unaudited) and June 30, 2022 (audited)   3
  Statements of Operations for the Three Months ended September 30, 2022 and 2021 (Unaudited)   4
  Statements of Changes in Stockholders’ Deficit for the Three Months ended September 30, 2022 and 2021 (Unaudited)   5
  Statements of Cash Flows for the Three Months ended September 30, 2022 and 2021 (Unaudited)   6
  Notes to the 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   15
Item 4 Controls and Procedures   15
       
PART II. OTHER INFORMATION    
       
Item 1. Legal Proceedings   16
Item 1A Risk Factors   16
Item 2 Unregistered Sales of Equity Securities and Use of Proceeds   16
Item 3 Defaults Upon Senior Securities   16
Item 4 Mine Safety Disclosures   16
Item 5 Other Information   16
Item 6 Exhibits   16
       
SIGNATURES   17

 

 

 

 

 

 

 

 

 

 

 

 

 2 

 

 

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

 

STAR ALLIANCE INTERNATIONAL CORP.

BALANCE SHEETS

 

 

           
  

September 30,

2022

  

June 30,

2022

 
ASSETS  (Unaudited)   (Audited) 
Current assets:          
Cash  $6,924   $71,724 
Prepaids and other assets   530,638    547,350 
Prepaid stock for services   732,813    1,813,854 
Total current assets   1,270,375    2,432,928 
           
Property and equipment   450,000    450,000 
Mining claims   57,532    57,532 
Total other assets   507,532    507,532 
           
Total Assets  $1,777,907   $2,940,460 
           
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)          
Current liabilities:          
Accounts payable  $54,927   $52,760 
Accrued expenses   46,509    25,961 
Accrued expenses–related party   15,316     
Accrued compensation   245,116    212,428 
Notes payable   113,335    119,215 
Convertible notes payable, net of discount of $76,666 and $191,248, respectively   438,334    323,752 
Derivative liability   927,436    689,231 
Note payable – former related party   32,000    32,000 
Due to former related party   42,651    42,651 
Total current liabilities   1,915,624    1,497,998 
           
Total Liabilities   1,915,624    1,497,998 
           
COMMITMENTS AND CONTINGENCIES (see footnotes)          
           
Stockholders’ Equity (Deficit):          
Preferred stock, $0.001 par value, 25,000,000 authorized, none issued and outstanding        
Series A preferred stock, $0.001 par value, 1,000,000 authorized, 1,000,000 shares issued and outstanding   1,000    1,000 
Series B preferred stock, $0.001 par value, 1,900,000 authorized, 1,833,000 issued and outstanding   1,883    1,883 
Series C preferred stock, $0.001 par value, 1,000,000 shares authorized, 254,000 and 207,500 shares issued and outstanding, respectively   255    208 
Common stock, $0.001 par value, 500,000,000 shares authorized, 182,838,028 and 162,788,028 shares issued and outstanding, respectively   182,838    162,788 
Additional paid-in capital   22,167,636    16,384,983 
Common stock to be issued        
Stock subscription receivable   (56,250)   (50,000)
Accumulated deficit   (22,435,079)   (15,058,400)
Total stockholders’ equity (deficit)   (137,717)   1,442,462)
           
Total liabilities and stockholders’ deficit  $1,777,907   $2,940,460 

 

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

 

 

 

 3 

 

 

STAR ALLIANCE INTERNATIONAL CORP.

STATEMENTS OF OPERATION

(Unaudited)

 

 

           
   For the Three Months Ended September 30, 
   2022   2021 
Operating expenses:          
General and administrative  $568,444   $9,062 
General and administrative – related party       1,500 
Professional fees       2,000 
Consulting   579,375     
Director compensation   4,410,000    30,000 
Officer compensation   1,445,000    45,000 
           
Total operating expenses   7,002,819    87,562 
           
Loss from operations   (7,002,819)   (87,562)
           
Other expense:          
Interest expense   (135,655)   (882)
Change in fair value of derivative   (238,205)    
Total other expense   (373,860)   (882)
           
Loss before provision for income taxes   (7,376,679)   (88,444)
           
Provision for income taxes        
           
Net loss  $(7,376,679)  $(88,444)
           
Net loss per common share - basic and diluted  $(0.04)  $(0.00)
Weighted average common shares outstanding – basic and diluted   170,041,289    134,134,403 

 

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

 

 

 

 

 4 

 

 

STAR ALLIANCE INTERNATIONAL CORP.

STATEMENT OF CHANGES IN STOCKHOLDERS’ DEFICIT

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2022 AND 2021

(Unaudited)

 

 

                                                                   
  

Preferred Stock

Series A

  

Preferred Stock

Series B

  

Preferred Stock

Series C

   Common Stock   Additional
Paid-in
           Stock Subscription   Accumulated     
   Shares   Amount   Shares   Amount   Shares   Amount   Shares   Amount   Capital           Receivable   Deficit   Total 
Balance, June 30, 2020   1,000,000   $1,000    1,833,000   $1,883    207,500   $208    162,788,028   $162,788   $16,384,983       $(50,000   $(15,058,400)  $1,442,462)
Preferred stock sold for cash                   46,500    47            46,453                    46,500 
Stock sold for cash                           50,000    50    6,200            (6,250)        
Stock issued for services – related party                           20,000,000    20,000    5,730,000                    5,750,000 
Net loss                                               (7,376,679)   (7,376,679)
Balance, September 30, 2022   1,000,000   $1,000    1,833,000   $1,883    254,000   $255    182,838,028   $182,838   $22,167,636       $(56,250)  $(22,435,079)  $(137,717)

 

 

  

Preferred Stock

Series A

  

Preferred Stock

Series B

                   Common Stock   Additional
Paid-in
  

Common Stock

To Be

   Stock Subscription   Accumulated     
   Shares   Amount   Shares   Amount                   Shares   Amount   Capital   Issued   Receivable   Deficit   Total 
Balance, June 30, 2021   1,000,000   $1,000    1,833,000   $1,883              124,319,584   $124,320   $2,793,609   $41,633   $(20,000)  $(3,172,791)  $(230,346)
Stock issued for services                                   4,444    4    19,996                20,000 
Stock sold for cash                                   10,790,000    10,790    574,210    (35,000)   (550,000)        
Net loss                                                   (88,444)   (88,444)
Balance, September 30, 2021   1,000,000   $1,000    1,833,000   $1,883                135,114,028   $135,114   $3,387,815   $6,633   $(570,000)  $(3,261,235)  $(298,790)

 

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

 

 

 

 

 

 5 

 

 

STAR ALLIANCE INTERNATIONAL CORP.

STATEMENTS OF CASH FLOWS

(Unaudited)

 

 

           
   For the Three Months Ended September 30, 
   2022   2021 
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net loss  $(7,376,679)  $(88,444)
           
Adjustments to reconcile net loss to net cash used in operating activities:          
Prepaid stock issued for services   1,081,041    3,334 
Common stock issued for services - related party   5,750,000     
Change in fair value of derivative   238,205     
Debt discount amortization   114,583     
Changes in assets and liabilities:          
Prepaids and other assets   16,712     
Accounts payable   2,167    2,308 
Accrued expenses   20,548    3,882 
Accrued expenses – related party   15,316     
Accrued compensation   32,688    72,131 
Net cash used in operating activities   (105,419)   (6,789)
           
CASH FLOWS FROM INVESTING ACTIVITIES:        
           
CASH FLOWS FROM FINANCING ACTIVITIES:          
Proceeds from the sale of preferred stock   46,500     
Payment on notes payable   (5,881)    
Net cash provided by financing activities   40,619     
           
Net change in cash   (64,800)   (6,789)
Cash at the beginning of period   71,724    6,789 
Cash at the end of period  $6,924   $ 
           
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:          
Interest paid  $   $ 
Income taxes paid  $   $ 
           
NON-CASH TRANSACTIONS:          
Common stock issued for prepaid services  $   $16,666 

 

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

 

 

 

 

 

 6 

 

 

STAR ALLIANCE INTERNATIONAL CORP.

NOTES TO UNAUDITED FINANCIAL STATEMENTS

SEPTEMBER 30, 2022

 

 

NOTE 1 – NATURE OF BUSINESS

 

Star Alliance International Corp. (“the Company”, “we”, “us”) was originally incorporated with the name Asteriko Corp. in the State of Nevada on April 17, 2014 under the laws of the state of Nevada, for the purpose of acquiring and developing gold mining as well as certain other mining properties worldwide.

 

NOTE 2 – SIGNIFICANT AND CRITICAL ACCOUNTING POLICIES AND PRACTICES

 

Basis of Presentation

The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission ("SEC"), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company's latest Annual Report on Form 10-K filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of operations for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal year, as reported in the Form 10-K for the fiscal year ended June 30, 2022, have been omitted.

 

Use of Estimates

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 reporting period. Actual results could differ from those estimates.

 

Fair Value of Financial Instruments

The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP) and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels.  The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below:

 

Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.
   
Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.
   
Level 3: Pricing inputs that are generally unobservable inputs and not corroborated by market data.

 

The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximates the fair value of such instruments as the notes bear interest rates that are consistent with current market rates.

  

 

 

 

 7 

 

 

The following table classifies the Company’s liabilities measured at fair value on a recurring basis into the fair value hierarchy as of September 30, 2022: 

               
At September 30, 2022            
Description  Level 1   Level 2   Level 3 
Derivative  $   $   $927,436 
Total  $   $   $927,436 

 

 

At June 30, 2022            
Description  Level 1   Level 2   Level 3 
Derivative  $   $   $689,231 
Total  $   $   $689,231 

 

NOTE 3 – GOING CONCERN

 

The accompanying unaudited financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business. As shown in the accompanying unaudited financial statements, the Company has an accumulated deficit of $22,435,079 as of September 30, 2022. For the three months ended September 30, 2022, the Company had a net loss of $7,376,679, which did include $6,132,787 of non-cash expense incurred for the issuance of common stock for services and derivatives associated with convertible debt. We used $105,419 of cash in operating activities. Due to these conditions, it raises substantial doubt about the Company’s ability to continue as a going concern.

 

The Company is attempting to commence operations and generate sufficient revenue; however, the Company’s cash position may not be sufficient to support its daily operations. While the Company believes in the viability of its strategy to commence operations and generate sufficient revenue and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon its ability to further implement its business plan and generate sufficient revenue and its ability to raise additional funds. The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that may result should the Company be unable to continue as a going concern.

  

NOTE 4 – ACQUISITIONS

 

On December 15, 2021, the Company signed a definitive agreement to purchase 51% of Compania Minera Metalurgica Centro Americana SA. (“Commsa”) for $1,000,000 in cash and 5,000,000 in restricted shares of common stock. In addition, the Company has agreed to provide up to $7,500,000 working capital to expand the mining operations in a gold mining project (Rio Jalan Project) in Olancho state in the highlands of Central Honduras. This transaction has become effective as of January 1, 2022.

 

This project, that runs along a 12.5 mile stretch of the Rio Jalan River, is a peaceful agrarian area, with only farmers and ranchers in the nearby five villages.

 

The environmental licenses have been obtained and exploration is ongoing. The mines will be producing gold early in 2022 and will be expanded early next year. Local small mining operations are producing a minimum of 250 to 300 oz of gold per site per month while losing approximately 50% of the recoverable gold particles. Our expanded operations, using modern equipment and our new Genesis program, should result in up to a 98% rate of recoverable gold, leading to significantly higher quantities of gold per site.

 

 

 

 8 

 

 

As an important part of this transaction, STAR has agreed to continue the distribution of aid to the five local villages with 2% of mining profits per village to be used for expanded school facilities, a medical center, college scholarships and a community center to be used by adults and kids alike. Additional projects, beneficial to the community, may be considered in the future.

 

Gold resources are in excess of 1 million oz. This estimate came from a limited appraisal of the area in which the mines are located.

 

This acquisition become effective in January, 2022. The Company has issued to date 250,000 shares of Common stock and paid $75,000 towards the purchase price.

 

On May 9, 2022, a binding letter of intent was signed for the acquisition of 51% of NSM USA a Wyoming corporation that owns 100% of four lithium mines in West Africa. The cost of these mines is $2 million, most of which is to be used for the growth of the four mines. These mines that are already producing small amounts of Lithium will be greatly expanded with the purchase of equipment. This transaction is due to close early 2023 with full production expected in the second quarter of 2023.

 

On May 11, 2022, a binding letter of intent was signed for the acquisition of 51% of NGM USA a Wyoming corporation that owns 100% of three gold mines in West Africa. The cost of this acquisition is $2 million, most of which will be used for equipment and growth of the mines. This transaction is due to close early 2023. All exploration work has been completed and production is anticipated to start in the second quarter of 2023.

 

On May 23, 2022, a binding letter of intent was signed for the acquisition of 75% of Magma International Inc. (“MII”). This acquisition for stock and cash will result in MII owning the Intellectual property, Building, equipment and significant inventory as well as the know how to produce Barotex. Mr. Lilo Benzicron the original inventor of this product will join Barotex as CEO and will be driving the innovation of new products for MII. This transaction is expected to close early 2023.

  

NOTE 5 – RELATED PARTY TRANSACTIONS

 

On January 1, 2021, the employment agreements for Richard Carey and Anthony Anish were updated to include salaries of $180,000 and $120,000 per annum respectively. As of September 30, 2022, the Company has accrued compensation due to Mr. Carey of $78,688 and Mr. Anish of $106,428. As of June 30, 2022, the Company has accrued compensation due to Mr. Carey of $52,600 and Mr. Anish of $99,828. In addition, the Company has accrued salary to Mr. Baird (a former officer) of $60,000. Mr. Baird resigned his position on August 12, 2020.

 

Mr. Carey is using his personal office space at no cost to the Company.

 

On August 15, 2022, the Company issued 5,000,000 shares of common stock Fernando Godina, Director, for services. The shares were valued at $0.289 per share, the closing stock price on the date of grant, for total non-cash expense of $1,445,000.

 

On August 15, 2022, the Company issued 5,000,000 shares of common stock Bryan Cappelli, Director, for services. The shares were valued at $0.289 per share, the closing stock price on the date of grant, for total non-cash expense of $1,445,000.

 

 On August 15, 2022, the Company issued 5,000,000 shares of common stock to Weverson Correia, CEO and Director, for services. The shares were valued at $0.289 per share, the closing stock price on the date of grant, for total non-cash expense of $1,445,000.

 

On August 15, 2022, the Company issued 5,000,000 shares of common stock to Anthony Anish, CFO and director, for services. The shares were valued at $0.289 per share, the closing stock price on the date of grant, for total non-cash expense of $1,445,000.

 

 

 

 

 9 

 

 

NOTE 6 – NOTES PAYABLE

 

As of September 30, 2022 and June 30, 2022, the Company owed Kok Chee Lee, the former CEO and Director of the Company, $42,651 and $42,651, respectively for operating expenses he paid on behalf of the Company during the year ended June 30, 2018. The borrowing is unsecured, non-interest-bearing and due on demand.

 

On June 1, 2018, the Company executed a promissory note in the amount of $32,000 with the former Secretary of the Board for $30,128 of accrued expenses for services previously provided and an additional $1,872 for services rendered. The note is unsecured, bears interest at 5% per annum and matures on December 1, 2018. As of September 30, 2022 and June 30, 2022, there is $6,962 and $6,562, respectively, of accrued interest due on the note. The note is past due and in default.

 

As of September 30, 2022 and June 30, 2022, the Company owes various other individuals and entities $113,335 and $119,215, respectively. All the loans are non-interest bearing and due on demand.

 

NOTE 7 - CONVERTIBLE NOTES

 

On March 28, 2022, we received short term financing from a private investor under a 10% Fixed Convertible Secured Promissory Note in the principal amount of $400,000 (the “Note”). The Note bears interest at a fixed rate of 10% per annum with all principal and interest due at maturity on July 31, 2022. The Note is secured by a security interest and lien on all equipment located at our Troy mine in Mariposa County, California. At the option of the investor, and at any time prior to the maturity date, the principal and interest owing under the Note may be converted into shares of our common stock at a conversion price equal to 50% of the lowest closing market price for our common stock during the five trading days preceding the conversion. 

  

On June 8, 2022, the Company executed a 10% convertible promissory note with Fast Capital LLC. The note is convertible at a price per share equal to the 65% of the lowest trading price of the Company’s common stock during the 20 consecutive trading days up to the date on which lender elects to convert all or part of the Note. 

 

A summary of the activity of the derivative liability for the notes above is as follows: 

     
     
Balance at June 30, 2021  $ 
Increase to derivative due to new issuances   552,517 
Derivative loss due to mark to market adjustment   136,714 
Balance at June 30, 2022   689,231 
Increase to derivative due to new issuances    
Derivative loss due to mark to market adjustment   238,205 
Balance at September 30, 2022  $927,436 

 

A summary of quantitative information about significant unobservable inputs (Level 3 inputs) used in measuring the Company’s derivative liability that are categorized within Level 3 of the fair value hierarchy as of September 30, 2022, is as follows: 

          
         
Inputs  September 30,
2022
   Initial
Valuation
Stock price  $.08   $.24 - .42 
Conversion price  $.03 - .039   $.03 - .2995 
Volatility (annual)   158.56% - 244.52%    256.36% - 381.28% 
Risk-free rate   2.793.92%    0.59% - 2.29% 
Dividend rate        
Years to maturity   0 - .69    .34 - 1 

 

 

 

 10 

 

 

NOTE 8 – PREFERRED STOCK

 

Of the 25,000,000 shares of the Company's authorized Preferred Stock, $0.001 par value per share, 1,000,000 are designated Series A preferred stock, 1,900,000 shares are designated as Series B Preferred Stock and 1,000,000 shares are designated Series C preferred stock.

 

Series A Preferred Stock

Each Share of Series A preferred stock shall have 500 votes per share and each share can be converted into 500 shares of common stock. The holders of the Series A preferred stock are not entitled to dividends.

 

On July 2, 2020, the Board granted all 1,000,000 shares of the Series A preferred stock to the Company’s Chairman and CEO, Richard Carey, in conversion of $68,556 of accrued compensation.

 

Series B Preferred Stock

Only one person or entity, is entitled to be designated as the owner of all of the Series B Preferred Stock (the “Holder”), in whose name the initial certificates representing the Series B Preferred Stock shall be issued. Any transfer of the Series B Preferred Stock to a different Holder must be approved in advance by the Corporation; provided, however, the Holder shall have the right to transfer the Series B Preferred Stock, or any portion thereof, to any affiliate of Holder or nominee of Holder, without the approval of the Corporation. Each share of Preferred Stock shall have one vote per share. Holder is not entitled to dividends or distributions and each share of Series B Preferred Stock shall be convertible at the rate of two Common Shares for each one B Preferred stock.

 

In conjunction with the APA with Troy, the company issued 1,883,000 shares of Series B Preferred Stock, the shares were valued at $0.002 or $7,532 as if they had been converted into 3,666,000 shares of common stock.

   

On October 9, 2019, the parties have agreed to extend the date for filing the registration statement relating to the preferred shares of the Company to be issued to the Troy shareholders and that would in turn extend the date that the shares would become free trading. This extension will be for 150 days for filing the registration statement and obtaining approval for the shares to become free trading. All the remaining terms included in the contract will remain the same.

 

Series C Preferred Stock

On March 30, 2022, the Company created and designated 1,000,000 shares of Series C Preferred Stock (“Series C”) with a stated value of $1.00. The Series C has an annual cumulative dividend of 8%, has no voting rights. The Series C is convertible into shares of common stock at 65% of the lowest trading price for the ten days prior to the conversion date.

 

During the quarter ended June 30, 2022, the Company sold 207,500 shares of Series C to Geneva Roth Remark Holdings Inc for total proceeds of $207,500.

 

During the quarter ended September 30, 2022, the Company sold 46,500 shares of Series C to Geneva Roth Remark Holdings Inc for total proceeds of $46,500.

 

NOTE 9 – COMMON STOCK

 

During the three months ended September 30, 2022, the Company sold 50,000 shares of common stock for total cash proceeds of $6,250. The funds have not been received as of September 30, 2022.

 

Refer to Note 5 for shares issued to related parties.

 

 

 

 

 11 

 

 

NOTE 10 – SIGNIFICANT TRANSACTIONS

 

On December 15, 2021, the Company signed a definitive agreement to purchase 51% of Compania Minera Metalurgica Centro Americana SA. (“Commsa”) for $1,000,000 in cash and 5,000,000 in restricted shares of common stock. In addition, the Company has agreed to provide up to $7,500,000 working capital to expand the mining operations in a gold mining project (Rio Jalan Project) in Olancho state in the highlands of Central Honduras. This transaction has become effective as of January 1, 2022.

 

This project, that runs along a 12.5 mile stretch of the Rio Jalan River, is a peaceful agrarian area, with only farmers and ranchers in the nearby five villages.

The environmental licenses have been obtained and exploration is ongoing. The mines will be producing gold early in 2022 and will be expanded early next year. Local small mining operations are producing a minimum of 250 to 300 oz of gold per site per month while losing approximately 50% of the recoverable gold particles. Our expanded operations, using modern equipment and our new Genesis program, should result in up to a 98% rate of recoverable gold, leading to significantly higher quantities of gold per site.

 

As an important part of this transaction, STAR has agreed to continue the distribution of aid to the five local villages with 2% of mining profits per village to be used for expanded school facilities, a medical center, college scholarships and a community center to be used by adults and kids alike. Additional projects, beneficial to the community, may be considered in the future.

 

Gold resources are in excess of 1 million oz. This estimate came from a limited appraisal of the area in which the mines are located.

 

This acquisition become effective in January 2022. The Company has issued to date 250,000 shares of Common stock and paid $75,000 towards the purchase price.

 

On May 9, 2022, a binding letter of intent was signed for the acquisition of 51% of NSM USA a Wyoming corporation that owns 100% of four lithium mines in West Africa. The cost of these mines is $2 million, most of which is to be used for the growth of the four mines. These mines that are already producing small amounts of Lithium will be greatly expanded with the purchase of equipment. This transaction is due to close early 2023 with full production expected in the second quarter of 2023.

 

On May 11, 2022, a binding letter of intent was signed for the acquisition of 51% of NGM USA a Wyoming corporation that owns 100% of three gold mines in West Africa. The cost of this acquisition is $2 million, most of which will be used for equipment and growth of the mines. This transaction is due to close early 2023. All exploration work has been completed and production is anticipated to start in the second quarter of 2023.

 

On May 23, 2022, a binding letter of intent was signed for the acquisition of 75% of Magma International Inc. (“MII”). This acquisition for stock and cash will result in MII owning the Intellectual property, Building, equipment and significant inventory as well as the know how to produce Barotex. Mr. Lilo Benzicron, the original inventor of this product, will join Barotex as CEO and will be driving the innovation of new products for MII. This transaction is expected to close early 2023.

 

NOTE 11 – SUBSEQUENT EVENTS

 

Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855, from the balance sheet date through the date the unaudited financial statements were issued and has determined that no material subsequent events exist other than the following.

 

On November 17, 2022, the Chairman, Richard Carey agreed to give 4 million of his own shares of common stock in exchange for $42,000 which was loaned to the Company.

 

 

 

 

 12 

 

 

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

FORWARD-LOOKING STATEMENTS

 

This document contains “forward-looking statements”. All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including, but not limited to, any projections of earnings, revenue or other financial items; any statements of the plans, strategies and objections of management for future operations; any statements concerning proposed new services or developments; any statements regarding future economic conditions or performance; any statements or belief; and any statements of assumptions underlying any of the foregoing.

 

Forward-looking statements may include the words “may”, “could”, “estimate”, “intend”, “continue”, “believe”, “expect” or “anticipate” or other similar words. These forward-looking statements present our estimates and assumptions only as of the date of this report. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the dates on which they are made. Except for our ongoing securities laws, we do not intend, and undertake no obligation, to update any forward-looking statement. Additionally, the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 most likely do not apply to our forward-looking statements as a result of being a penny stock issuer. You should, however, consult further disclosures we make in future filings of our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

 

Although we believe the expectations reflected in any of our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Our future financial condition and results of operations, as well as any forward-looking statements, are subject to change and inherent risks and uncertainties.

 

BUSINESS

 

Star Alliance International Corp. (“the Company”, “we”, “us”) was originally incorporated with the name Asteriko Corp. in the State of Nevada on April 17, 2014 under the laws of the state of Nevada. Our prior business plans, which generated limited or no earnings, included interior decorating products, and a travel and tourism service.

 

On May 14, 2018, Richard Carey our President and Chairman of the Board, acquired 22,000,000 shares of common stock of the Company, representing 62.15% ownership of the Company which constitutes control. Mr. Carey accepted the positions of President and Chairman of the Board on the same day.

 

Current officers and directors are as follows:

 

Richard Carey Chairman, Board Member (resigned as CEO on January 24, 2022)
Weverson Correia Appointed CEO on January 24, 2022, Board member
Anthony Anish Company Secretary, CFO, Board Member
Themis Glatman Treasurer, Asst., Company Secretary, Board Member
Franz Allmayer Vice President Finance, Board Member

Fernando Godina

Bryan Cappelli

Vice President, Board Member

Board Member

 

On October 25, 2018, Star entered into a Letter of Intent (the “LOI”) with Troy Mining Corporation, a Nevada corporation (“Troy”) and its two majority shareholders and on March 25, 2019 and on August 5th this LOI was extended. Troy is the owner of 78 gold mining claims consisting of approximately 4800 acres, located east/southeast of El Portal, California, in Mariposa County. Troy also owns a production processing mill together with related equipment and buildings. On August 13, 2019, the Company closed the transaction making the first payment on the acquisition of all the assets of Troy Mining Corporation. Further payments have been made since that date and the Company is current on all its obligations.

 

The Company’s business focus will be the pursuit of mining and mining technology businesses. The Company acquired the assets of Troy Mining Corporation, its first mining assets, on August 13, 2019.

 

 

 

 

 13 

 

 

In January 2022, Star completed the acquisition of 51% of Compania Minera Metalurgica Centro Americana S.A. (“Commsa”) which owns 5 gold mines in Honduras.

 

Results of Operations for the Three Months Ended September 30, 2022 as Compared to the Three Months Ended September 30, 2021

 

Operating expenses

 

General and administrative expenses (“G&A”) were $568,444 for the three months ended September 30, 2022, compared to $10,562 for the three months ended September 30, 2021, an increase of $560,882.

  

Professional fees were $0 for the three months ended September 30, 2022, compared to $2,000 for the three months ended September 30, 2021, a decrease of $2,000. Professional fees consist mainly of legal, accounting and audit expense. The decrease in the current period is due to the fact that professional fees were not incurred during this period.

 

Consulting fees were $579,375 for the three months ended September 30, 2022, compared to $0 for the three months ended September 30, 2021.

 

Director compensation was $4,410,000 and $30,000 for the three months ended September 30, 2022 and 2021, respectively. In the current period we recognized $4,410,000 of non- cash compensation to four Directors.

 

Officer compensation was $1,445,000 and $45,000 for the three months ended September 30, 2022 and 2021, respectively. In the current period we recognized $1,370,000 of non- cash officer compensation for our officers.

 

Other income (expense)

 

Interest Expense was $135,655 and $882 for the three months ended September 30, 2022 and 2021, respectively. The increase in interest is due to accrued interest on loans obtained by the Company and to the debt discount on convertible notes.

 

Net Loss

 

Net loss for the three months ended September 30, 2022 was $7,376,679 compared to $88,444 for the three months ended September 30, 2021. The large increase in our net loss is primarily due to non-cash stock compensation expense.

  

LIQUIDITY AND CAPITAL RESOURCES

 

The accompanying unaudited financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business. As shown in the accompanying financial statements, the Company has an accumulated deficit of $22,435,079. For the three months ended September 30, 2022 the Company had a net loss of $7,376,679 which includes $6,132,787 of non-cash expenses.. Due to these conditions, it raises substantial doubt about the Company’s ability to continue as a going concern.

 

Net cash used in operating activities was $105,419 during the three months ended September 30, 2022, compared to $6,789 in the three months ended September 30, 2021.

 

Net cash provided by financing activities was $40,619 and $0 for the three months ended September 30, 2022 and 2021, respectively. In the current period we received $46,500 from the sale of common stock. We paid $5,881 reducing notes payable to $113,335.

 

Over the next twelve months, we expect our principal source of liquidity will be raised from the sale of stock.

 

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, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

 

 

 

 14 

 

 

Critical Accounting Policies

 

We have identified the policies outlined below as critical to our business operations and an understanding of our results of operations. The list is not intended to be a comprehensive list of all of our accounting policies. In many cases, the accounting treatment of a particular transaction is specifically dictated by accounting principles generally accepted in the United States, with no need for management's judgment in their application. The impact and any associated risks related to these policies on our business operations is discussed throughout management's Discussion and Analysis or Plan of Operation where such policies affect our reported and expected financial results. Note that our preparation of the financial statements requires us to make estimates and assumptions that affect the reported amount of assets and liabilities, disclosure of contingent assets and liabilities at the date of our financial statements, and the reported amounts of revenue and expenses during the reporting period. There can be no assurance that actual results will not differ from those estimates.

 

Item 3. Quantitative and Qualitative Disclosure about Market Risk

 

This item is not applicable as we are currently considered a smaller reporting company.

 

Item 4. Controls and Procedures

 

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed by us in reports that we file or submit under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission (SEC) rules and forms, and that such information is accumulated and communicated to our management, including our Chairman, Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”), as appropriate, to allow timely decisions regarding required disclosure.

  

Limitations on the Effectiveness of Disclosure Controls

 

In designing and evaluating the Company's disclosure controls and procedures, management recognized that disclosure controls and procedures, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the disclosure controls and procedures are met. Additionally, in designing disclosure controls and procedures, Company management necessarily was required to apply its judgment in evaluating the cost-benefit relationship of possible disclosure controls and procedures. The design of any disclosure controls and procedures also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.

 

Evaluation of Disclosure Controls and Procedures

 

Our CEO and CFO, have evaluated the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act) as of the end of the period covered by this report. Based on the evaluation, they have concluded that our disclosure controls and procedures are not effective in timely alerting them to material information relating to us that is required to be included in our periodic SEC filings and ensuring that information required to be disclosed by us in the reports we file or submit under the Act is accumulated and communicated to our management, including our chief financial officer, or person performing similar functions, as appropriate to allow timely decisions regarding required disclosure. Our disclosure controls and procedures were not effective as of September 30, 2022, due to the material weaknesses as disclosed in the Company’s Annual Report on Form 10-K filed with the SEC.

 

Changes in Internal Control over Financial Reporting

 

Such officers also confirmed that there was no change in our internal control over financial reporting during the three months ended September 30, 2022 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

 

 

 

 15 

 

 

PART II - OTHER INFORMATION

 

Item 1. Legal Proceedings.

 

We know of no material pending legal proceedings to which our company or subsidiary is a party or of which any of their property is the subject. In addition, we do not know of any such proceedings contemplated by any governmental authorities.

 

We know of no material proceedings in which any director, officer or affiliate of our company, or any registered or beneficial stockholder of our company, or any associate of any such director, officer, affiliate, or stockholder is a party adverse to our company or subsidiary or has a material interest adverse to our company or subsidiary.

 

Item 1A. Risk Factors.

 

We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item.

 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

 

None.

 

Item 3. Defaults upon Senior Securities.

 

None.

 

Item 4. Mine Safety Disclosures.

 

None.

 

Item 5. Other Information.

 

None.

 

Item 6. Exhibits.

 

            Incorporated by reference  
Exhibit   Exhibit Description   Filed
herewith
  Form   Period
ending
  Exhibit   Filing
date
 
                           
31.1   Certification by the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act   X                  
31.2   Certification by the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act   X                  
32.1   Certification by the Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act   X                  
32.2   Certification by the Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act   X                  
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                      

 

 

 

 16 

 

 

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.

 

Date: December 2, 2022 By: /s/ Richard Carey  
    Richard Carey  
    Chairman

 

 

 

  By: /s/ Anthony L. Anish  
Date: December 2, 2022   Anthony L. Anish  
    Chief Financial Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 17