SEC Comment Letter 0000000000-23-007700 to KAT EXPLORATION, INC. (KATX) (CIK 0001474558) (GKOR)
KAT EXPLORATION, INC. (KATX) (CIK 0001474558)
Date: July 19, 2023 · CIK: 0001474558 · Accession: 0000000000-23-007700
AI Filing Summary & Sentiment
File numbers found in text: 000-56352
Letter
United States securities and exchange commission logo July 19, 2023 Christopher Krause Chief Executive Officer KAT Exploration, Inc. 2313 Hollyhill Lane Denton, TX 76205 Re:KAT Exploration, Inc. Form 10-K for the year ended November 30, 2022 Filed February 14, 2023 File No. 000-56352 Dear Christopher Krause: We have limited our review of your filing to the financial statements and related disclosures and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Form 10-K for the year ended November 30, 2022 Report of Independent Registered Public Accounting Firm, page F-2 1.We note that the audit report does not address the balance sheet as of November 30, 2021 or the related financial statements for the year then ended. Please amend your November 30, 2022 Form 10-K to include an audit report that addresses your balance sheets as of November 30, 2022 and 2021 and the related financial statements for each of the two fiscal years then ended. Statements of Cash Flows, page F-6 2.We note that you recorded a $35,000 financing cash inflow from common stock issued for cash; however, the Statement of Changes in Equity (Deficit) indicates that these shares were issued for services. Please advise. In closing, we remind you that the company and its management are responsible for the
FirstName LastNameChristopher Krause Comapany NameKAT Exploration, Inc. July 19, 2023 Page 2 FirstName LastName Christopher Krause KAT Exploration, Inc. July 19, 2023 Page 2 accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Howard Efron at (202) 551-3439 or Kristi Marrone at (202) 551- 3429 with any questions. Sincerely, Division of Corporation Finance Office of Real Estate & Construction cc: Caren Currier
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United States securities and exchange commission logo
July 19, 2023
Christopher Krause
Chief Executive Officer
KAT Exploration, Inc.
2313 Hollyhill Lane
Denton, TX 76205
Re:KAT Exploration, Inc.
Form 10-K for the year ended November 30, 2022
Filed February 14, 2023
File No. 000-56352
Dear Christopher Krause:
We have limited our review of your filing to the financial statements and related
disclosures and have the following comments. In some of our comments, we may ask you to
provide us with information so we may better understand your disclosure.
Please respond to these comments within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comments apply to your facts and circumstances, please tell us why in your response.
After reviewing your response to these comments, we may have additional comments.
Form 10-K for the year ended November 30, 2022
Report of Independent Registered Public Accounting Firm, page F-2
1.We note that the audit report does not address the balance sheet as of November 30, 2021
or the related financial statements for the year then ended. Please amend your November
30, 2022 Form 10-K to include an audit report that addresses your balance sheets as of
November 30, 2022 and 2021 and the related financial statements for each of the two
fiscal years then ended.
Statements of Cash Flows, page F-6
2.We note that you recorded a $35,000 financing cash inflow from common stock issued for
cash; however, the Statement of Changes in Equity (Deficit) indicates that these shares
were issued for services. Please advise.
In closing, we remind you that the company and its management are responsible for the
FirstName LastNameChristopher Krause
Comapany NameKAT Exploration, Inc.
July 19, 2023 Page 2
FirstName LastName
Christopher Krause
KAT Exploration, Inc.
July 19, 2023
Page 2
accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or
absence of action by the staff.
You may contact Howard Efron at (202) 551-3439 or Kristi Marrone at (202) 551-
3429 with any questions.
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction
cc: Caren Currier