2024 Q1 Form 10-K Financial Statement

#000168316824001836 Filed on March 29, 2024

View on sec.gov

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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<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>
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CY2023 us-gaap Income Tax Expense Benefit
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CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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CY2023Q4 us-gaap Deferred Tax Assets Derivative Instruments
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CY2023Q4 us-gaap Deferred Tax Assets Net
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CY2022Q4 us-gaap Deferred Tax Assets Net
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CY2023Q4 us-gaap Operating Loss Carryforwards
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11282000 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
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CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Subject To Expiration
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4963000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Not Subject To Expiration
DeferredTaxAssetsOperatingLossCarryforwardsNotSubjectToExpiration
6319000 usd

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