$PZG
Paramount Gold Nevada Corp

2023 Q2 Form 10-Q Financial Statement

#000095017023021808 Filed on May 12, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $90.00K $47.12K
YoY Change 2150.0% -77.63%
Cost Of Revenue $160.0K $157.1K
YoY Change -1.85% -3.6%
Gross Profit -$70.00K -$110.0K
YoY Change -55.98% -330.84%
Gross Profit Margin -77.78% -233.49%
Selling, General & Admin $560.0K $704.4K
YoY Change -1.58% 0.17%
% of Gross Profit
Research & Development $690.0K $597.3K
YoY Change -4.46% 8.73%
% of Gross Profit
Depreciation & Amortization $0.00 $480.00
YoY Change -100.0% 9.59%
% of Gross Profit
Operating Expenses $1.360M $1.570M
YoY Change 1.69% 7.42%
Operating Profit -$1.430M -$1.570M
YoY Change -4.44% 25.5%
Interest Expense -$130.0K -$124.5K
YoY Change 29.97% 29.99%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.570M -$1.648M
YoY Change -1.66% 22.32%
Income Tax -$40.00K
% Of Pretax Income
Net Earnings -$1.530M -$1.648M
YoY Change -18.36% 22.32%
Net Earnings / Revenue -1700.0% -3496.94%
Basic Earnings Per Share -$0.03
Diluted Earnings Per Share -$0.03 -$0.03
COMMON SHARES
Basic Shares Outstanding 49.92M 48.33M
Diluted Shares Outstanding 48.45M

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $820.0K $590.5K
YoY Change -66.99% -86.71%
Cash & Equivalents $824.9K $590.5K
Short-Term Investments
Other Short-Term Assets $1.470M $590.7K
YoY Change 14.76% -0.38%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $2.297M $1.181M
YoY Change -38.99% -76.54%
LONG-TERM ASSETS
Property, Plant & Equipment $4.579K $5.060K
YoY Change -99.99% -27.2%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $550.0K $499.5K
YoY Change 10.38% 0.24%
Total Long-Term Assets $52.01M $52.33M
YoY Change -0.46% 5.13%
TOTAL ASSETS
Total Short-Term Assets $2.297M $1.181M
Total Long-Term Assets $52.01M $52.33M
Total Assets $54.31M $53.51M
YoY Change -3.05% -2.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $940.0K $657.3K
YoY Change 47.28% 64.19%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.580M $1.035M
YoY Change
Long-Term Debt Due $4.270M $4.267M
YoY Change
Total Short-Term Liabilities $9.350M $9.079M
YoY Change 1133.08% 1206.07%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $1.880M $1.600M
YoY Change -56.83% -3.59%
Total Long-Term Liabilities $2.116M $1.878M
YoY Change -75.32% -67.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.350M $9.079M
Total Long-Term Liabilities $2.116M $1.878M
Total Liabilities $11.47M $10.96M
YoY Change 19.28% 66.98%
SHAREHOLDERS EQUITY
Retained Earnings -$74.32M -$72.79M
YoY Change 9.5% 10.3%
Common Stock $117.2M $115.3M
YoY Change 2.53% 0.96%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $42.84M $42.55M
YoY Change
Total Liabilities & Shareholders Equity $54.31M $53.51M
YoY Change -3.05% -2.37%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income -$1.530M -$1.648M
YoY Change -18.36% 22.32%
Depreciation, Depletion And Amortization $0.00 $480.00
YoY Change -100.0% 9.59%
Cash From Operating Activities -$1.960M -$986.0K
YoY Change 5.17% -23.55%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $50.00K
YoY Change -300.0%
Acquisitions
YoY Change
Other Investing Activities -$50.00K
YoY Change
Cash From Investing Activities -$50.00K -$50.00K
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 2.250M 315.2K
YoY Change -2480.2% -92.7%
NET CHANGE
Cash From Operating Activities -1.960M -986.0K
Cash From Investing Activities -50.00K -50.00K
Cash From Financing Activities 2.250M 315.2K
Net Change In Cash 240.0K -720.9K
YoY Change -112.26% -124.02%
FREE CASH FLOW
Cash From Operating Activities -$1.960M -$986.0K
Capital Expenditures $0.00 $50.00K
Free Cash Flow -$1.960M -$1.036M
YoY Change 5.17% -18.08%

Facts In Submission

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590505
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
425500
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4442387
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
5300000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
425500
pzg Fair Value Of Shares Issued For Equity Compensation Plans
FairValueOfSharesIssuedForEquityCompensationPlans
142650
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 Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
266000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
425500
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
266000
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
93260
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
231629
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
278346
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
318840
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
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
288332
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
0.53
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
88333
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
0.73
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
657333
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.55
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
50000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.19
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
95002
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
0.28
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
153995
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
0.74
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
458336
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.47
CY2023Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
10204
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y2M4D
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
16873
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
0
CY2022 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
2475169
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
90000
CY2022 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
33236
CY2023Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
4719953
CY2022Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
4475270
CY2023Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
4719953
CY2023Q1 us-gaap Mineral Properties Net
MineralPropertiesNet
51822873
CY2022Q2 us-gaap Mineral Properties Net
MineralPropertiesNet
51742873
CY2023Q1 pzg Reclamation Bond Noncurrent
ReclamationBondNoncurrent
499476
CY2022Q2 pzg Reclamation Bond Noncurrent
ReclamationBondNoncurrent
498276
us-gaap Financial Guarantee Insurance Contracts Claim Liability Weighted Average Risk Free Discount Rate
FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate
0.0994
CY2022 us-gaap Financial Guarantee Insurance Contracts Claim Liability Weighted Average Risk Free Discount Rate
FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate
0.0994
pzg Weighted Average Inflation Rate
WeightedAverageInflationRate
0.0232
CY2022 pzg Weighted Average Inflation Rate
WeightedAverageInflationRate
0.0232
CY2022Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
4475270
CY2021Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
1849644
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
334683
CY2022 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
183693
CY2022Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
4475270
CY2023Q1 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
3120000
CY2022Q2 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
120000
CY2023Q1 us-gaap Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
1599953
CY2022Q2 us-gaap Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
4355270
CY2023Q1 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
3000000
CY2023Q1 us-gaap Accretion Expense
AccretionExpense
111561
us-gaap Accretion Expense
AccretionExpense
334683
CY2022Q1 us-gaap Accretion Expense
AccretionExpense
45969
us-gaap Accretion Expense
AccretionExpense
137907
CY2023Q1 us-gaap Insurance Recoveries
InsuranceRecoveries
47123
us-gaap Insurance Recoveries
InsuranceRecoveries
87431
CY2022Q1 us-gaap Insurance Recoveries
InsuranceRecoveries
210672
us-gaap Insurance Recoveries
InsuranceRecoveries
321113
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
5975
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
5858
CY2023Q1 us-gaap Other Income
OtherIncome
47123
us-gaap Other Income
OtherIncome
93406
CY2022Q1 us-gaap Other Income
OtherIncome
210672
us-gaap Other Income
OtherIncome
326971
CY2023Q1 us-gaap Exploration Expense
ExplorationExpense
597315
us-gaap Exploration Expense
ExplorationExpense
1902312
CY2023Q1 pzg Land Holding Costs
LandHoldingCosts
157143
pzg Land Holding Costs
LandHoldingCosts
475341
CY2023Q1 us-gaap Mineral Properties Net
MineralPropertiesNet
51822873
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
CY2022Q2 us-gaap Mineral Properties Net
MineralPropertiesNet
51742873

Files In Submission

Name View Source Status
pzg-20230331_lab.xml Edgar Link unprocessable
pzg-20230331_def.xml Edgar Link unprocessable
0000950170-23-021808-index-headers.html Edgar Link pending
0000950170-23-021808-index.html Edgar Link pending
0000950170-23-021808.txt Edgar Link pending
0000950170-23-021808-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
pzg-20230331.htm Edgar Link pending
pzg-20230331.xsd Edgar Link pending
pzg-ex31_1.htm Edgar Link pending
pzg-ex31_2.htm Edgar Link pending
pzg-ex32_1.htm Edgar Link pending
pzg-ex32_2.htm Edgar Link pending
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pzg-20230331_pre.xml Edgar Link unprocessable
pzg-20230331_cal.xml Edgar Link unprocessable
pzg-20230331_htm.xml Edgar Link completed
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
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