2024 Q2 Form 10-Q Financial Statement

#000168316824003381 Filed on May 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $75.81K $128.8K
YoY Change -37.34% -8.28%
% of Gross Profit
Research & Development $21.99K $40.41K
YoY Change -88.27% 140.97%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $97.80K $169.2K
YoY Change -68.29% 7.64%
Operating Profit -$97.80K -$169.2K
YoY Change -68.29% 7.64%
Interest Expense -$4.720K $165.5K
YoY Change
% of Operating Profit
Other Income/Expense, Net -$73.67K -$118.0K
YoY Change -340.2% -129.76%
Pretax Income -$176.2K -$121.8K
YoY Change -36.57% -150.87%
Income Tax
% Of Pretax Income
Net Earnings -$176.2K -$121.8K
YoY Change -36.57% -150.87%
Net Earnings / Revenue
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 172.8M shares 172.8M shares
Diluted Shares Outstanding 172.4M shares 171.8M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $453.9K $15.90K
YoY Change 43.21% 363.56%
Cash & Equivalents $15.35K $15.90K
Short-Term Investments $438.6K
Other Short-Term Assets $26.00K $26.00K
YoY Change -65.79% 62.5%
Inventory
Prepaid Expenses $26.00K $26.00K
Receivables
Other Receivables
Total Short-Term Assets $479.9K $41.90K
YoY Change 22.13% 115.71%
LONG-TERM ASSETS
Property, Plant & Equipment $6.241M $6.196M
YoY Change 0.73% 0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $661.9K
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $6.241M $6.858M
YoY Change 0.73% 10.68%
TOTAL ASSETS
Total Short-Term Assets $479.9K $41.90K
Total Long-Term Assets $6.241M $6.858M
Total Assets $6.721M $6.900M
YoY Change 2.0% 11.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $167.8K $128.5K
YoY Change -21.44% -18.83%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $566.6K $321.9K
YoY Change 75.04% -16.95%
LONG-TERM LIABILITIES
Long-Term Debt $100.4K $0.00
YoY Change
Other Long-Term Liabilities $112.9K $276.6K
YoY Change -90.37% -54.14%
Total Long-Term Liabilities $213.2K $276.6K
YoY Change -81.81% -54.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $566.6K $321.9K
Total Long-Term Liabilities $213.2K $276.6K
Total Liabilities $779.8K $598.4K
YoY Change -47.88% -39.59%
SHAREHOLDERS EQUITY
Retained Earnings -$11.61M -$11.21M
YoY Change -1.14% -201.93%
Common Stock $17.37K $17.28K
YoY Change 15.37% 27.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.941M $6.301M
YoY Change
Total Liabilities & Shareholders Equity $6.721M $6.900M
YoY Change 2.0% 11.01%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income -$176.2K -$121.8K
YoY Change -36.57% -150.87%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$121.6K -$68.62K
YoY Change -67.89% 616.28%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 121.0K $81.71K
YoY Change -82.52% -4047.49%
NET CHANGE
Cash From Operating Activities -121.6K -$68.62K
Cash From Investing Activities
Cash From Financing Activities 121.0K $81.71K
Net Change In Cash -540.0 $13.09K
YoY Change -100.17% -212.39%
FREE CASH FLOW
Cash From Operating Activities -$121.6K -$68.62K
Capital Expenditures
Free Cash Flow
YoY Change

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<p id="xdx_849_eus-gaap--NatureOfOperations_zLzJUE9RgMxc" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"><b><span id="xdx_86D_zVQ8ixfkjDO3">Nature of Operations</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; 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: 0 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; 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: 0 0 0pt; text-align: justify">  <b><i> </i></b></p>
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Files In Submission

Name View Source Status
0001683168-24-003381-index-headers.html Edgar Link pending
0001683168-24-003381-index.html Edgar Link pending
0001683168-24-003381.txt Edgar Link pending
0001683168-24-003381-xbrl.zip Edgar Link pending
ahnr-20240331.xsd Edgar Link pending
athenagold_ex3101.htm Edgar Link pending
athenagold_ex3102.htm Edgar Link pending
athenagold_ex3200.htm Edgar Link pending
athenagold_i10q-033124.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
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ahnr-20240331_cal.xml Edgar Link unprocessable
ahnr-20240331_def.xml Edgar Link unprocessable
ahnr-20240331_lab.xml Edgar Link unprocessable
ahnr-20240331_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
athenagold_i10q-033124_htm.xml Edgar Link completed
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report.css Edgar Link pending
Show.js Edgar Link pending