2022 Q2 Form 10-Q Financial Statement

#000165495422010287 Filed on July 29, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $10.10M $10.49M $9.980M
YoY Change -4.07% 113.58% 162.37%
Cost Of Revenue $5.158M $2.638M $2.483M
YoY Change 128.37% 114.38% 65.29%
Gross Profit $4.940M $7.855M $7.497M
YoY Change -40.25% 113.31% 225.73%
Gross Profit Margin 48.92% 74.86% 75.12%
Selling, General & Admin $2.572M $1.905M $2.883M
YoY Change 155.37% 152.75% 152.27%
% of Gross Profit 52.06% 24.25% 38.46%
Research & Development $1.579M $878.2K $1.761M
YoY Change 24.0% -13.97%
% of Gross Profit 31.96% 11.18% 23.49%
Depreciation & Amortization $820.00 $812.00 $810.00
YoY Change 0.0% 0.0% 0.0%
% of Gross Profit 0.02% 0.01% 0.01%
Operating Expenses $10.72M $6.247M $5.603M
YoY Change 103.68% 76.82% 110.8%
Operating Profit -$622.5K $4.246M $1.894M
YoY Change -111.83% 207.68% -631.92%
Interest Expense $121.7K $119.8K $1.641M
YoY Change -67.03% -66.84% -0.78%
% of Operating Profit 2.82% 86.63%
Other Income/Expense, Net $1.144M $817.1K $490.00
YoY Change -242.92% -174.94%
Pretax Income $521.0K $5.063M $3.536M
YoY Change -88.33% 1647.55% 172.45%
Income Tax $0.00 $0.00 $28.97K
% Of Pretax Income 0.0% 0.0% 0.82%
Net Earnings $521.0K $5.063M $3.507M
YoY Change -88.33% 1647.55% 170.22%
Net Earnings / Revenue 5.16% 48.25% 35.14%
Basic Earnings Per Share $0.03 $0.28
Diluted Earnings Per Share $0.03 $0.27 $194.6K
COMMON SHARES
Basic Shares Outstanding 17.81M shares 18.09M shares 18.09M shares
Diluted Shares Outstanding 18.70M shares 18.98M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.95M $15.54M $15.72M
YoY Change 123.72% 166.11% 501.09%
Cash & Equivalents $20.95M $15.54M $15.72M
Short-Term Investments $0.00
Other Short-Term Assets $980.7K $1.004M $667.7K
YoY Change 37.2% 50.87% 15.39%
Inventory $2.854M $2.618M $2.110M
Prepaid Expenses
Receivables $1.513M $1.278M $577.1K
Other Receivables $7.039M $5.225M $4.742M
Total Short-Term Assets $33.34M $25.67M $23.82M
YoY Change 80.42% 120.58% 249.3%
LONG-TERM ASSETS
Property, Plant & Equipment $1.104K $1.917K $2.729K
YoY Change -74.64% -99.96% -54.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $163.3K $93.92K $162.2K
YoY Change 71.43% 0.35% 70.03%
Total Long-Term Assets $4.898M $4.853M $4.946M
YoY Change -1.95% -3.24% -1.85%
TOTAL ASSETS
Total Short-Term Assets $33.34M $25.67M $23.82M
Total Long-Term Assets $4.898M $4.853M $4.946M
Total Assets $38.24M $30.52M $28.76M
YoY Change 62.89% 83.28% 142.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.542M $1.270M $1.276M
YoY Change 86.44% -34.57% -43.9%
Accrued Expenses $5.373M $4.771M $5.440M
YoY Change 21.98% 24.35% 60.71%
Deferred Revenue
YoY Change
Short-Term Debt $543.3K $543.3K $543.3K
YoY Change -86.69%
Long-Term Debt Due $1.943M $1.982M $1.963M
YoY Change -3.3% 1.4% -1.08%
Total Short-Term Liabilities $20.96M $19.49M $22.47M
YoY Change -11.79% 16.38% 78.36%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Other Long-Term Liabilities $558.9K $558.9K $587.8K
YoY Change -11.31% -14.02% -14.31%
Total Long-Term Liabilities $558.9K $558.9K $0.00
YoY Change 1587.58% -87.98% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.96M $19.49M $22.47M
Total Long-Term Liabilities $558.9K $558.9K $0.00
Total Liabilities $21.52M $20.05M $23.06M
YoY Change -11.9% -6.3% 34.14%
SHAREHOLDERS EQUITY
Retained Earnings -$45.14M -$45.66M -$50.72M
YoY Change -17.18% -14.4%
Common Stock $207.5K $180.9K $180.9K
YoY Change 17.06% 2.08%
Preferred Stock
YoY Change
Treasury Stock (at cost) $34.77K $34.77K $34.77K
YoY Change -97.64% -97.64%
Treasury Stock Shares 12.18K shares 12.18K shares 12.18K shares
Shareholders Equity $10.86M $4.609M -$151.6K
YoY Change
Total Liabilities & Shareholders Equity $38.24M $30.52M $28.76M
YoY Change 62.89% 83.28% 142.56%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income $521.0K $5.063M $3.507M
YoY Change -88.33% 1647.55% 170.22%
Depreciation, Depletion And Amortization $820.00 $812.00 $810.00
YoY Change 0.0% 0.0% 0.0%
Cash From Operating Activities -$280.9K $104.3K $2.769M
YoY Change -105.33% -96.53% 44.75%
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 $58.58K
YoY Change 35.04%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.394M -$36.17K -2.510M
YoY Change -28238.18% 109.16% 819.0%
NET CHANGE
Cash From Operating Activities -280.9K $104.3K 2.769M
Cash From Investing Activities
Cash From Financing Activities 5.394M -$36.17K -2.510M
Net Change In Cash 5.113M -$177.7K 259.1K
YoY Change -2.56% -105.51% -84.2%
FREE CASH FLOW
Cash From Operating Activities -$280.9K $104.3K $2.769M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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521021 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4462745 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5583823 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4752454 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
4462745 usd
us-gaap Net Income Loss
NetIncomeLoss
5583823 usd
us-gaap Net Income Loss
NetIncomeLoss
4752454 usd
CY2022Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
58575 usd
CY2021Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
43375 usd
us-gaap Dividends Preferred Stock
DividendsPreferredStock
117150 usd
us-gaap Dividends Preferred Stock
DividendsPreferredStock
86750 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
462446 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4419370 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5446673 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4665704 usd
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.25
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17810364 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17722825 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18135305 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17722825 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18702529 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18945827 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19027470 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18945827 shares
CY2022Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
312928 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-371407 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
833949 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
3798967 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
5594839 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
4381047 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
-9086580 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-663778 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-373802 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5231980 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
10860186 usd
us-gaap Net Income Loss
NetIncomeLoss
4752454 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
-5287613 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7860944 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-151589 usd
dynr Stock Warrant Exercised Amount
StockWarrantExercisedAmount
5416936 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
11016 usd
us-gaap Net Income Loss
NetIncomeLoss
5583823 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
10860186 usd
us-gaap Net Income Loss
NetIncomeLoss
5583823 usd
us-gaap Net Income Loss
NetIncomeLoss
4752454 usd
us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
-2163281 usd
us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
185116 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
1625 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
1625 usd
dynr Amortization Of Loan Discount
AmortizationOfLoanDiscount
0 usd
dynr Amortization Of Loan Discount
AmortizationOfLoanDiscount
274623 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
935454 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2988252 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
743734 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
760869 usd
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
2297014 usd
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
1024312 usd
dynr Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
-47642 usd
dynr Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
-42331 usd
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
314064 usd
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
-975119 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1266687 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-910394 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-67037 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1019905 usd
us-gaap Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
-500000 usd
us-gaap Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
6750000 usd
dynr Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-55793 usd
dynr Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-46140 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-176600 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8271206 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
5416936 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
59015 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
36460 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5357921 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-36460 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
50659 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15719238 usd
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1504016 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
20951218 usd
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9364960 usd
us-gaap Interest Paid Net
InterestPaidNet
44410 usd
us-gaap Interest Paid Net
InterestPaidNet
243979 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2022Q2 dynr Amount Recieved From Preferred Right
AmountRecievedFromPreferredRight
784500 usd
CY2022Q2 dynr Repaid Amount Under Preferred Right
RepaidAmountUnderPreferredRight
744500 usd
CY2022Q2 dynr Current Balance Preferred Right
CurrentBalancePreferredRight
40000 usd
CY2021Q4 dynr Current Balance Preferred Right
CurrentBalancePreferredRight
40000 usd
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
2655361 shares
CY2022Q2 dynr Exercise Of Warrants
ExerciseOfWarrants
2655361 shares
dynr Foreign Tax Receivable Policy Textblock
ForeignTaxReceivablePolicyTextblock
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Foreign Tax Receivable is comprised of recoverable value-added taxes (“IVA”) charged by the Mexican government on goods and services rendered. Under certain circumstances, these taxes are recoverable by filing a tax return. Amounts paid for IVA are tracked and held as receivables until the funds are remitted. The total amounts of the IVA receivable as of June 30, 2022, and December 31, 2021 are $7,039,194 and $4,742,180, respectively.</p>
dynr Exploration Stage Issuer No Reserves Disclosed
ExplorationStageIssuerNoReservesDisclosed
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The definitions of Measured Mineral Resource, Mineral Reserve and Mineral Resource are set forth in SEC Regulation S-K, Item 1300 (“Reg. S-K, Item 1300”).</p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em>Measured mineral resource</em> is that part of a mineral resource for which quantity and grade or quality are estimated on the basis of conclusive geological evidence and sampling. The level of geological certainty associated with a measured mineral resource is sufficient to allow a qualified person to apply modifying factors in sufficient detail to support detailed mine planning and final evaluation of the economic viability of the deposit. Because a measured mineral resource has a higher level of confidence than the level of confidence of either an indicated mineral resource or an inferred mineral resource, a measured mineral resource may be converted to a proven mineral reserve or to a probable mineral reserve.</p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em>Mineral reserve</em> is an estimate of tonnage and grade or quality of indicated and measured mineral resources that, in the opinion of the qualified person, can be the basis of an economically viable project. More specifically, it is the economically mineable part of a measured or indicated mineral resource, which includes diluting materials and allowances for losses that may occur when the material is mined or extracted.</p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em>Mineral resource</em> is a concentration or occurrence of material of economic interest in or on the Earth’s crust in such form, grade or quality, and quantity that there are reasonable prospects for economic extraction. A mineral resource is a reasonable estimate of mineralization, taking into account relevant factors such as cut-off grade, likely mining dimensions, location or continuity, that, with the assumed and justifiable technical and economic conditions, is likely to, in whole or in part, become economically extractable. It is not merely an inventory of all mineralization drilled or sampled.</p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">As of June 30, 2022, the Company fits the definition of an exploration stage issuer which is defined as an issuer that has no material property with mineral reserves disclosed. An exploration stage property is a property that has no mineral reserves disclosed.</p>
dynr Mining Properties Interests Policy Textblock
MiningPropertiesInterestsPolicyTextblock
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Mineral property interests include acquired interests in development and exploration stage properties, and are considered tangible assets. The amount capitalized relating to a mineral property interest represents its fair value at the time of acquisition. When a property does not contain mineralized material that satisfies the definition of proven and probable reserves, such as with the San José de Gracia Property, capitalized costs and mineral property interests are amortized using the straight-line method once production begins. As of June 30, 2022, the mining interests have been in the pilot production stage and therefore, no amortization has been expensed. Mining properties consist of 33 mining concessions covering approximately 9,920 hectares at the San José de Gracia property, the basis of which are amortized on the unit of production method based on estimated recoverable resources. If it is determined that the deferred costs related to a property are not recoverable over its productive life, those costs will be written down to fair value as a charge to operations in the period in which the determination is made. The amounts at which mineral properties and the related costs are recorded do not necessarily reflect present or future values.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em>Impairment of Assets: </em>The Company reviews and evaluates its long-lived assets for impairment when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. Mineral properties are monitored for impairment based on factors such as mineral prices, government regulation and taxation, the Company’s continued right to explore the area, exploration reports, assays, technical reports, drill results and its continued plans to fund exploration programs on the property.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">For operating mines, recoverability is measured by comparing the undiscounted future net cash flows to the net book value. When the net book value exceeds future net undiscounted cash flows, an impairment loss is measured and recorded based on the excess of the net book value over fair value. Fair value for operating mines is determined using a combined approach, which uses a discounted cash flow model for the existing operations and a market approach for the fair value assessment of exploration land claims. Future cash flows are estimated based on quantities of recoverable mineralized material, expected gold and silver prices (considering current and historical prices, trends and related factors), production levels, operating costs, capital requirements and reclamation costs, all based on life-of-mine plans. The term “recoverable mineralized material” refers to the estimated amount of gold or other commodities that will be obtained after considering losses during processing and treatment of mineralized material. In estimating future cash flows, assets are grouped at the lowest level for which there are identifiable cash flows that are largely independent of future cash flows from other asset groups. The Company’s estimates of future cash flows are based on numerous assumptions and it is possible that actual future cash flows will be significantly different than the estimates, as actual future quantities of recoverable minerals, gold, and silver, commodity prices, production levels and costs and capital are each subject to significant risks and uncertainties.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The recoverability of the book value of each property will be assessed annually for indicators of impairment such as adverse changes to any of the following:</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><table cellpadding="0" style="border-spacing:0;font-size:10pt;width:100%"><tbody><tr style="height:15px"><td style="width:4%;vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px"><span style="font-family:symbol">·</span></p></td><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">estimated recoverable ounces of gold, silver or other precious minerals;</p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px"><span style="font-family:symbol">·</span></p></td><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">estimated future commodity prices;</p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px"><span style="font-family:symbol">·</span></p></td><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">estimated expected future operating costs, capital expenditures and reclamation expenditures.</p></td></tr></tbody></table><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">A write-down to fair value will be recorded when the expected future cash flow is less than the net book value of the property, or when events or changes in the property indicate that carrying amounts are not recoverable. This analysis will be completed as needed, and at least annually. As of the date of this filing, no events have occurred that would require write-down of any assets. As of June 30, 2022, and December 31, 2021, no indications of impairment existed.</p>
dynr Property Holding Costs
PropertyHoldingCosts
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Holding costs to maintain a property on a care and maintenance basis are expensed in the period they are incurred. These costs include security and maintenance expenses, lease and claim fees and payments, and environmental monitoring and reporting costs.</p>
CY2022Q2 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
20.07 pure
CY2021Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
20.48 pure
CY2021Q2 dynr Weighted Average Exhange Rate For Period Ended
WeightedAverageExhangeRateForPeriodEnded
20.19 pure
CY2022Q2 dynr Property Holding Taxes
PropertyHoldingTaxes
1943153 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">In order to prepare unaudited consolidated financial statements in conformity with accounting principles generally accepted in the United States, management must make estimates, judgments and assumptions that affect the amounts reported in the unaudited consolidated financial statements and determines whether contingent assets and liabilities, if any, are disclosed in the unaudited consolidated financial statements. The ultimate resolution of issues requiring these estimates and assumptions could differ significantly from resolution currently anticipated by management and on which the financial statements are based.</p>
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
368468 shares
dynr Net Income Loss Attributable To Common Shareholders
NetIncomeLossAttributableToCommonShareholders
5466673 usd
dynr Net Income Loss Attributable To Common Shareholders
NetIncomeLossAttributableToCommonShareholders
4665704 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18135305 shares
dynr Weighted Average Number Of Diluted Shares Outstanding1
WeightedAverageNumberOfDilutedSharesOutstanding1
19027470 shares
dynr Weighted Average Number Of Diluted Shares Outstanding1
WeightedAverageNumberOfDilutedSharesOutstanding1
18945827 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1260633 shares
CY2021Q4 dynr Exercise Of Warrants
ExerciseOfWarrants
368468 shares
CY2021 dynr Treasury Shares For Services
TreasurySharesForServices
504300 shares
us-gaap Depreciation
Depreciation
1625 usd
us-gaap Depreciation
Depreciation
1625 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
2853937 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
2110203 usd
CY2022Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
9340 usd
CY2021Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
9340 usd
CY2022Q2 dynr Office Equipment Gross
OfficeEquipmentGross
31012 usd
CY2021Q4 dynr Office Equipment Gross
OfficeEquipmentGross
31012 usd
CY2022Q2 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
78802 usd
CY2021Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
78802 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
119154 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
119154 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
118050 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
116425 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1104 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2729 usd
CY2022Q2 dynr Mining Concessions
MiningConcessions
4132678 usd
CY2021Q4 dynr Mining Concessions
MiningConcessions
4132678 usd
CY2022Q2 dynr Additional Preferred Stock Shares Issued
AdditionalPreferredStockSharesIssued
15265008 shares
CY2021Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
3898914 usd
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2022Q2 us-gaap Capital Units Authorized
CapitalUnitsAuthorized
60001000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
40000000 shares
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
12180 shares
CY2021Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
12180 shares
CY2022Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
3060998 shares
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
87500 usd
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
33750 usd
dynr Concession Taxes Description
ConcessionTaxesDescription
the Company does not anticipate that DynaMéxico will have any difficulties meeting the minimum annual expenditures for the concessions ($388 - $2,400 Mexican Pesos per hectare). DynaMéxico retains sufficient carry- forward amounts to cover over 10 years of the minimum annual expenditure (as calculated at the 2017 minimum, adjusted for annual inflation of 4%).
us-gaap Short Term Lease Cost
ShortTermLeaseCost
7544 usd
us-gaap Variable Lease Cost
VariableLeaseCost
0 usd
us-gaap Lease Cost
LeaseCost
96756 usd
dynr Weighted Average Remaining Lease Term Years Operating Leases
WeightedAverageRemainingLeaseTermYearsOperatingLeases
P10Y1M13D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1250 pure
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
143156 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
94074 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
96896 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
99803 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
102797 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
684885 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1221611 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
591453 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
630158 usd
CY2022Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
1735633 usd
CY2022Q2 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
1735633 usd
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
3898914 usd
CY2021Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
3898914 usd
CY2022Q2 us-gaap Interest Receivable
InterestReceivable
1281760 usd
CY2019Q4 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
299474 usd
dynr Revenue Individually Represented Percentage
RevenueIndividuallyRepresentedPercentage
0.10 pure
CY2021Q2 dynr Proceeds Advances From Buyers
ProceedsAdvancesFromBuyers
6750000 usd
CY2018Q2 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
1739392 usd
CY2018Q2 dynr Initial Payment Percentage Rate
InitialPaymentPercentageRate
0.20 pure
CY2018Q2 us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
347826 usd
CY2018Q2 dynr Remaining Finance Balance Term Over The Period
RemainingFinanceBalanceTermOverThePeriod
P36Y
CY2018Q2 dynr Remaining Finance Balance Term Over The Period Percentage Rate
RemainingFinanceBalanceTermOverThePeriodPercentageRate
0.2184 pure
CY2019Q1 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
335350 usd
CY2019Q4 dynr Initial Payment Percentage Rate
InitialPaymentPercentageRate
0.20 pure
CY2019Q1 us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
67070 usd
CY2019Q4 dynr Remaining Finance Balance Term Over The Period
RemainingFinanceBalanceTermOverThePeriod
P36Y
CY2019Q4 dynr Remaining Finance Balance Term Over The Period Percentage Rate
RemainingFinanceBalanceTermOverThePeriodPercentageRate
0.22 pure
CY2018Q3 dynr Reduction In The Volume Of Mining Concession
ReductionInTheVolumeOfMiningConcession
In June 2018, the Company applied for a reduction of the Francisco Arturo mining concession, from 69,121 hectares to 3,280 hectares
CY2018Q3 dynr Reduction In The Value Of Initial Payment Amount1
ReductionInTheValueOfInitialPaymentAmount1
985116 usd
CY2018Q3 dynr Reduction In The Value Of Initial Payment Amount
ReductionInTheValueOfInitialPaymentAmount
22500 usd
CY2019Q1 dynr Initial Payment Percentage Rate
InitialPaymentPercentageRate
0.20 pure
CY2019Q4 us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
59895 usd
CY2019Q1 dynr Remaining Finance Balance Term Over The Period
RemainingFinanceBalanceTermOverThePeriod
P36Y
CY2019Q1 dynr Remaining Finance Balance Term Over The Period Percentage Rate
RemainingFinanceBalanceTermOverThePeriodPercentageRate
0.22 pure
CY2020Q4 dynr Property Holding Taxes
PropertyHoldingTaxes
2081435 usd
CY2021 dynr Property Holding Taxes Exchange Rate Adjustment
PropertyHoldingTaxesExchangeRateAdjustment
-57504 usd
CY2021 dynr Property Holding Taxes Principal Payments
PropertyHoldingTaxesPrincipalPayments
-61406 usd
CY2021Q4 dynr Property Holding Taxes
PropertyHoldingTaxes
1962525 usd
dynr Property Holding Taxes Exchange Rate Adjustment
PropertyHoldingTaxesExchangeRateAdjustment
39643 usd
dynr Property Holding Taxes Principal Payments
PropertyHoldingTaxesPrincipalPayments
-59015 usd
CY2021Q1 dynr Proceeds Advances From Buyers
ProceedsAdvancesFromBuyers
2500000 usd
CY2021Q1 dynr Advances Settlement Date From Buyers
AdvancesSettlementDateFromBuyers
2021-03-26
CY2022Q1 dynr Advances Settlement Date From Buyers
AdvancesSettlementDateFromBuyers
2022-05-13
CY2022Q2 dynr Proceeds Advances From Buyers
ProceedsAdvancesFromBuyers
8875000 usd
CY2021Q1 dynr Concentrates On Delivery Percentage Rate
ConcentratesOnDeliveryPercentageRate
1 pure
CY2021Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
3750000 usd
CY2021Q2 dynr Revolving Credit Line Facility Increased Percentage Rate
RevolvingCreditLineFacilityIncreasedPercentageRate
0.80 pure
CY2021Q1 us-gaap Line Of Credit
LineOfCredit
3750000 usd
dynr Revolving Credit Line Facility Interest Free Term
RevolvingCreditLineFacilityInterestFreeTerm
45 days
dynr Revolving Credit Line Facility Deliveries Of Concentrates Or Cash Freeterm
RevolvingCreditLineFacilityDeliveriesOfConcentratesOrCashFreeterm
120 days
CY2021Q2 dynr Advances Settlement Date From Buyers
AdvancesSettlementDateFromBuyers
2021-08-05
CY2021Q3 dynr Advances Settlement Date From Buyers
AdvancesSettlementDateFromBuyers
2021-09-27
CY2021Q3 dynr Proceeds Advances From Buyers
ProceedsAdvancesFromBuyers
8250000 usd
CY2021Q3 dynr Advances Settlement Date From Buyers
AdvancesSettlementDateFromBuyers
2021-11-17
CY2021Q4 dynr Proceeds Advances From Buyers
ProceedsAdvancesFromBuyers
8250000 usd
CY2021Q4 dynr Advances Settlement Date From Buyers
AdvancesSettlementDateFromBuyers
2021-12-20
CY2021Q4 dynr Proceeds Advances From Buyers
ProceedsAdvancesFromBuyers
9250000 usd
CY2021Q4 dynr Advances Settlement Date From Buyers
AdvancesSettlementDateFromBuyers
2022-02-25
CY2022Q1 dynr Proceeds Advances From Buyers
ProceedsAdvancesFromBuyers
8175000 usd
CY2022Q1 dynr Advances Settlement Date From Buyers
AdvancesSettlementDateFromBuyers
2022-03-30
CY2022Q1 dynr Proceeds Advances From Buyers
ProceedsAdvancesFromBuyers
7875000 usd
CY2022Q2 dynr Advances Settlement Date From Buyers
AdvancesSettlementDateFromBuyers
2022-06-27
CY2022Q2 dynr Weighted Average Exhange Rate For Period Ended
WeightedAverageExhangeRateForPeriodEnded
20.27 pure
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17722825 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.25

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