2024 Q1 Form 10-K Financial Statement
#000168316824001836 Filed on March 29, 2024
Income Statement
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $128.8K | $81.82K | $432.5K |
YoY Change | -8.28% | -68.84% | -36.64% |
% of Gross Profit | |||
Research & Development | $40.41K | $24.11K | $351.1K |
YoY Change | 140.97% | -85.64% | -43.11% |
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $169.2K | $105.9K | $783.6K |
YoY Change | 7.64% | -75.39% | -39.71% |
Operating Profit | -$169.2K | -$783.6K | |
YoY Change | 7.64% | -39.71% | |
Interest Expense | $165.5K | $0.00 | $2.600K |
YoY Change | -665.22% | ||
% of Operating Profit | |||
Other Income/Expense, Net | -$118.0K | $180.4K | $1.394M |
YoY Change | -129.76% | -187.58% | 126.04% |
Pretax Income | -$121.8K | $74.51K | $612.8K |
YoY Change | -150.87% | -111.71% | -189.63% |
Income Tax | $0.00 | ||
% Of Pretax Income | 0.0% | ||
Net Earnings | -$121.8K | $74.51K | $612.8K |
YoY Change | -150.87% | -111.71% | -189.63% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | $0.00 | $0.00 | |
Diluted Earnings Per Share | $0.00 | $0.00 | $0.00 |
COMMON SHARES | |||
Basic Shares Outstanding | 172.8M shares | 150.6M shares | 146.2M shares |
Diluted Shares Outstanding | 171.8M shares | 146.2M shares |
Balance Sheet
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $15.90K | $2.810K | $2.810K |
YoY Change | 363.56% | -81.37% | -81.37% |
Cash & Equivalents | $15.90K | $2.808K | |
Short-Term Investments | |||
Other Short-Term Assets | $26.00K | $45.65K | $45.65K |
YoY Change | 62.5% | 41.77% | 41.77% |
Inventory | |||
Prepaid Expenses | $26.00K | $45.65K | |
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $41.90K | $48.46K | $48.46K |
YoY Change | 115.71% | 2.51% | 2.5% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $6.196M | $6.196M | $6.196M |
YoY Change | 0.0% | 0.0% | 0.0% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $661.9K | $496.4K | $496.4K |
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $6.858M | $6.693M | $6.693M |
YoY Change | 10.68% | 8.01% | 8.01% |
TOTAL ASSETS | |||
Total Short-Term Assets | $41.90K | $48.46K | $48.46K |
Total Long-Term Assets | $6.858M | $6.693M | $6.693M |
Total Assets | $6.900M | $6.741M | $6.741M |
YoY Change | 11.01% | 7.97% | 7.97% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $128.5K | $245.2K | $245.2K |
YoY Change | -18.83% | 70.35% | 40.96% |
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | -100.0% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $321.9K | $320.4K | $320.4K |
YoY Change | -16.95% | 14.35% | 14.35% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $276.6K | $102.8K | $102.8K |
YoY Change | -54.14% | -89.72% | -89.72% |
Total Long-Term Liabilities | $276.6K | $102.8K | $102.8K |
YoY Change | -54.14% | -89.72% | -89.72% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $321.9K | $320.4K | $320.4K |
Total Long-Term Liabilities | $276.6K | $102.8K | $102.8K |
Total Liabilities | $598.4K | $423.2K | $423.2K |
YoY Change | -39.59% | -66.94% | -66.94% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$11.21M | -$11.09M | |
YoY Change | -201.93% | -5.24% | |
Common Stock | $17.28K | $16.71K | |
YoY Change | 27.0% | 22.82% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $6.301M | $6.318M | $6.318M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $6.900M | $6.741M | $6.741M |
YoY Change | 11.01% | 7.97% | 7.97% |
Cashflow Statement
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$121.8K | $74.51K | $612.8K |
YoY Change | -150.87% | -111.71% | -189.63% |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$68.62K | -$55.46K | -$696.2K |
YoY Change | 616.28% | -77.33% | -24.88% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $0.00 | |
YoY Change | -100.0% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | $0.00 | $0.00 | |
YoY Change | -100.0% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $719.2K | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $81.71K | 21.00K | 684.0K |
YoY Change | -4047.49% | 506.94% | -23.86% |
NET CHANGE | |||
Cash From Operating Activities | -$68.62K | -55.46K | -696.2K |
Cash From Investing Activities | 0.000 | 0.000 | |
Cash From Financing Activities | $81.71K | 21.00K | 684.0K |
Net Change In Cash | $13.09K | -34.46K | -12.27K |
YoY Change | -212.39% | -85.71% | -78.75% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$68.62K | -$55.46K | -$696.2K |
Capital Expenditures | $0.00 | $0.00 | |
Free Cash Flow | -$55.46K | -$696.2K | |
YoY Change | -77.33% | -27.18% |
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|
2808 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
15075 | usd |
CY2023 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd |
CY2022 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd |
CY2023 | AHNR |
Stock Issued To Payoff Note Payable
StockIssuedToPayoffNotePayable
|
25000 | usd |
CY2022 | AHNR |
Stock Issued To Payoff Note Payable
StockIssuedToPayoffNotePayable
|
101100 | usd |
CY2023 | AHNR |
Common Stock Issued For Mineral Properties
CommonStockIssuedForMineralProperties
|
0 | usd |
CY2022 | AHNR |
Common Stock Issued For Mineral Properties
CommonStockIssuedForMineralProperties
|
35000 | usd |
CY2023 | AHNR |
Related Party Note Payable For Mineral Property
RelatedPartyNotePayableForMineralProperty
|
0 | usd |
CY2022 | AHNR |
Related Party Note Payable For Mineral Property
RelatedPartyNotePayableForMineralProperty
|
131900 | usd |
CY2023 | AHNR |
Warrant Liability Recognition
WarrantLiabilityRecognition
|
525884 | usd |
CY2022 | AHNR |
Warrant Liability Recognition
WarrantLiabilityRecognition
|
592191 | usd |
CY2023 | us-gaap |
Stock Issued1
StockIssued1
|
496400 | usd |
CY2022 | us-gaap |
Stock Issued1
StockIssued1
|
0 | usd |
CY2023 | AHNR |
Broker Warrants Issued
BrokerWarrantsIssued
|
7954 | usd |
CY2022 | AHNR |
Broker Warrants Issued
BrokerWarrantsIssued
|
0 | usd |
CY2023 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p id="xdx_845_eus-gaap--NatureOfOperations_zzXVtu7F1YC2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span id="xdx_86B_zYo6AsEfJ8Jk"><b>Nature of Operations</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Athena Gold Corporation (“we,” “our,” “us,” or “Athena”) is engaged in the acquisition and exploration of mineral resources. We were incorporated in Delaware on December 23, 2003 and began our mining operations in 2010.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company’s properties do not have any reserves. The Company plans to conduct exploration programs on these properties with the objective of ascertaining whether any of its properties contain economic concentrations of precious and base metals that are prospective for mining.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <b><i> </i></b></p> | |
CY2023Q4 | AHNR |
Working Capital
WorkingCapital
|
270000 | usd |
CY2023Q4 | AHNR |
Cash Balance
CashBalance
|
3000 | usd |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
127608629 | shares |
CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.00 | |
CY2022Q4 | us-gaap |
Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
|
0 | usd |
CY2023 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
654495 | usd |
CY2022 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-683658 | usd |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
146153300 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
127608629 | shares |
CY2023 | AHNR |
Assumed Conversion Of Dilutive Shares
AssumedConversionOfDilutiveShares
|
0 | shares |
CY2022 | AHNR |
Assumed Conversion Of Dilutive Shares
AssumedConversionOfDilutiveShares
|
0 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
146153300 | shares |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.00 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
CY2023 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
44621503 | shares |
CY2022 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
29915560 | shares |
CY2023Q4 | AHNR |
Aggregate Shares
AggregateShares
|
16546699 | shares |
CY2023 | AHNR |
Consulting Services
ConsultingServices
|
28033 | usd |
CY2022 | AHNR |
Consulting Services
ConsultingServices
|
21240 | usd |
CY2023 | us-gaap |
Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
|
30000 | usd |
CY2022 | us-gaap |
Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
|
0 | usd |
CY2023Q4 | AHNR |
Other Advance
OtherAdvance
|
100000 | usd |
CY2022Q4 | AHNR |
Other Advance
OtherAdvance
|
30000 | usd |
CY2023 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.21 | pure |
CY2023 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
128677 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-224568 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
54167 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
-94532 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
|
-158826 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
|
0 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-24018 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
319100 | usd |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
3366577 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
2982751 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
|
124202 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
|
116153 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Derivative Instruments
DeferredTaxAssetsDerivativeInstruments
|
519466 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Derivative Instruments
DeferredTaxAssetsDerivativeInstruments
|
103574 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
2971313 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
2995330 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
2971313 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
2995330 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | usd |
CY2023Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
11282000 | usd |
CY2022Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
10528000 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Subject To Expiration
DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration
|
4963000 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Not Subject To Expiration
DeferredTaxAssetsOperatingLossCarryforwardsNotSubjectToExpiration
|
6319000 | usd |