2022 Q2 Form 10-Q Financial Statement

#000095017022009017 Filed on May 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q2
Revenue $4.000K $210.7K $75.46K
YoY Change -94.7%
Cost Of Revenue $163.0K $163.0K $148.5K
YoY Change 9.75% 25.12% -22.49%
Gross Profit -$159.0K $47.66K -$73.07K
YoY Change 117.61% -136.58% -61.87%
Gross Profit Margin -3975.25% 22.62% -96.83%
Selling, General & Admin $569.0K $703.2K $568.7K
YoY Change 0.05% 35.69% 43.5%
% of Gross Profit 1475.35%
Research & Development $722.2K $549.4K $715.9K
YoY Change 0.88% -6.93% -17.32%
% of Gross Profit 1152.69%
Depreciation & Amortization $440.00 $438.00 $630.00
YoY Change -30.16% -29.81% 36.96%
% of Gross Profit 0.92%
Operating Expenses $1.337M $1.462M $1.300M
YoY Change 2.86% 16.55% 1.08%
Operating Profit -$1.496M -$1.251M -$1.373M
YoY Change 8.96% -0.25% -7.08%
Interest Expense -$100.0K -$95.78K -$105.4K
YoY Change -5.06% -4.3% -12.72%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.596M -$1.347M -$1.443M
YoY Change 10.66% -0.55% -12.07%
Income Tax $277.6K
% Of Pretax Income
Net Earnings -$1.874M -$1.347M -$1.443M
YoY Change 29.9% -0.55% -12.07%
Net Earnings / Revenue -46852.75% -639.4% -1911.93%
Basic Earnings Per Share -$0.03
Diluted Earnings Per Share -$40.24K -$0.03 -$38.19K
COMMON SHARES
Basic Shares Outstanding 46.59M 43.60M
Diluted Shares Outstanding 43.60M

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.484M $4.442M $3.113M
YoY Change -20.2% -3.58% -42.71%
Cash & Equivalents $2.484M $4.442M $3.113M
Short-Term Investments
Other Short-Term Assets $1.281M $593.0K $1.152M
YoY Change 11.15% 3161.58% 160.37%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $3.765M $5.035M $4.265M
YoY Change -11.73% -1.37% -27.42%
LONG-TERM ASSETS
Property, Plant & Equipment $51.75M $6.951K $5.959K
YoY Change 868324.06% -99.99% -99.99%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $498.3K $498.3K $533.7K
YoY Change -6.64% 7.63% -23.21%
Total Long-Term Assets $52.25M $49.77M $49.74M
YoY Change 5.05% 4.12% 3.54%
TOTAL ASSETS
Total Short-Term Assets $3.765M $5.035M $4.265M
Total Long-Term Assets $52.25M $49.77M $49.74M
Total Assets $56.01M $54.81M $54.00M
YoY Change 3.72% 3.59% 0.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $638.3K $400.4K $639.0K
YoY Change -0.11% -13.15% -30.94%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $758.3K $695.1K $949.0K
YoY Change -20.1% 29.69% -12.09%
LONG-TERM LIABILITIES
Long-Term Debt $4.222M $4.207M $4.162M
YoY Change 1.45% 0.58% -21.36%
Other Long-Term Liabilities $4.355M $1.660M $1.540M
YoY Change 182.88% 393.7% 234.02%
Total Long-Term Liabilities $8.577M $5.866M $5.701M
YoY Change 50.45% 29.83% -0.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $758.3K $695.1K $949.0K
Total Long-Term Liabilities $8.577M $5.866M $5.701M
Total Liabilities $9.613M $6.561M $6.650M
YoY Change 44.55% 29.81% -2.67%
SHAREHOLDERS EQUITY
Retained Earnings -$67.87M -$66.00M -$60.03M
YoY Change 13.05% 12.64% 10.91%
Common Stock $114.3M $114.2M $107.4M
YoY Change 6.41% 7.33% 6.1%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $46.40M $48.25M $47.35M
YoY Change
Total Liabilities & Shareholders Equity $56.01M $54.81M $54.00M
YoY Change 3.72% 3.59% 0.17%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q2
OPERATING ACTIVITIES
Net Income -$1.874M -$1.347M -$1.443M
YoY Change 29.9% -0.55% -12.07%
Depreciation, Depletion And Amortization $440.00 $438.00 $630.00
YoY Change -30.16% -29.81% 36.96%
Cash From Operating Activities -$1.864M -$1.290M -$1.994M
YoY Change -6.52% 14.23% 121.81%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$25.00K -$87.50K
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 -$25.00K -$87.50K
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -94.53K 4.316M 586.9K
YoY Change -116.11% 92.83% -88.07%
NET CHANGE
Cash From Operating Activities -1.864M -1.290M -1.994M
Cash From Investing Activities 0.000 -25.00K -87.50K
Cash From Financing Activities -94.53K 4.316M 586.9K
Net Change In Cash -1.958M 3.001M -1.494M
YoY Change 31.05% 170.58% -137.17%
FREE CASH FLOW
Cash From Operating Activities -$1.864M -$1.290M -$1.994M
Capital Expenditures $0.00 -$25.00K -$87.50K
Free Cash Flow -$1.864M -$1.265M -$1.906M
YoY Change -2.23% 12.02% 112.08%

Facts In Submission

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CY2022Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
266000
pzg Fair Value Of Shares Issued For Equity Compensation Plans
FairValueOfSharesIssuedForEquityCompensationPlans
170240
CY2022Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
46591081
CY2022Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
46591081
CY2021Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
38154109
CY2021Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
38154109
CY2020Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
943992
CY2020Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.51
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
755000
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.56
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
664994
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
0.50
CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
1033998
CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.55
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
288332
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
0.53
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
88333
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
0.73
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
657333
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.55
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
29224
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y1M24D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
152279
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
332836
CY2022Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
1954315
CY2021Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
1849644
CY2022Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
1954315
CY2021Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
1849644
CY2022Q1 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
294786
CY2022Q1 us-gaap Mineral Properties Net
MineralPropertiesNet
49267704
CY2021Q2 us-gaap Mineral Properties Net
MineralPropertiesNet
49197704
CY2022Q1 pzg Reclamation Bond Noncurrent
ReclamationBondNoncurrent
498276
CY2021Q2 pzg Reclamation Bond Noncurrent
ReclamationBondNoncurrent
533703
us-gaap Financial Guarantee Insurance Contracts Claim Liability Weighted Average Risk Free Discount Rate
FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate
0.0989
CY2021 us-gaap Financial Guarantee Insurance Contracts Claim Liability Weighted Average Risk Free Discount Rate
FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate
0.0989
pzg Weighted Average Inflation Rate
WeightedAverageInflationRate
0.0231
CY2021 pzg Weighted Average Inflation Rate
WeightedAverageInflationRate
0.0231
CY2021Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
1849644
CY2020Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
615170
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
137907
CY2021 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
60040
CY2021 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
1498950
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
33236
CY2021 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
324516
CY2021Q2 us-gaap Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
1539622
CY2022Q1 us-gaap Accretion Expense
AccretionExpense
45969
us-gaap Accretion Expense
AccretionExpense
137907
CY2021Q1 us-gaap Accretion Expense
AccretionExpense
15010
us-gaap Accretion Expense
AccretionExpense
45030
pzg Land Holding Costs
LandHoldingCosts
391867
CY2021Q2 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
310022
CY2022Q1 us-gaap Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
1659529
CY2022Q1 us-gaap Insurance Recoveries
InsuranceRecoveries
210672
us-gaap Insurance Recoveries
InsuranceRecoveries
321113
us-gaap Insurance Recoveries
InsuranceRecoveries
249057
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
5858
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
5743
CY2022Q1 us-gaap Other Income
OtherIncome
210672
us-gaap Other Income
OtherIncome
326971
us-gaap Other Income
OtherIncome
254800
CY2022Q1 us-gaap Exploration Expense
ExplorationExpense
549368
us-gaap Exploration Expense
ExplorationExpense
3714035
CY2022Q1 pzg Land Holding Costs
LandHoldingCosts
163011
pzg Land Holding Costs
LandHoldingCosts
477338
CY2022Q1 us-gaap Mineral Properties Net
MineralPropertiesNet
49267704
CY2021Q1 us-gaap Exploration Expense
ExplorationExpense
590245
us-gaap Exploration Expense
ExplorationExpense
2100760
CY2021Q1 pzg Land Holding Costs
LandHoldingCosts
130284
CY2021Q2 us-gaap Mineral Properties Net
MineralPropertiesNet
49197704

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