$PZG
Paramount Gold Nevada Corp.

2024 Q1 Form 10-Q Financial Statement

#000095017024014581 Filed on February 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4
Revenue $1.088M $1.217M
YoY Change 2209.72% 2919.42%
Cost Of Revenue $157.1K $157.1K
YoY Change 0.0% 0.0%
Gross Profit $931.2K $1.060M
YoY Change -946.39% -1007.29%
Gross Profit Margin 85.56% 87.09%
Selling, General & Admin $966.5K $567.5K
YoY Change 37.22% -10.47%
% of Gross Profit 103.79% 53.54%
Research & Development $965.9K $1.774M
YoY Change 61.71% 281.16%
% of Gross Profit 103.73% 167.35%
Depreciation & Amortization $340.00 $680.00
YoY Change -29.17% 41.67%
% of Gross Profit 0.04% 0.06%
Operating Expenses $2.200M $2.609M
YoY Change 40.1% 90.74%
Operating Profit -$2.200M -$2.609M
YoY Change 40.1% 90.74%
Interest Expense -$702.3K -$182.6K
YoY Change 464.06% 74.11%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.814M -$1.575M
YoY Change 10.09% 9.92%
Income Tax
% Of Pretax Income
Net Earnings -$1.814M -$1.575M
YoY Change 10.09% 9.92%
Net Earnings / Revenue -166.68% -129.37%
Basic Earnings Per Share -$0.03 -$0.03
Diluted Earnings Per Share -$0.03 -$0.03
COMMON SHARES
Basic Shares Outstanding 60.31M 59.00M
Diluted Shares Outstanding 60.47M 59.08M

Balance Sheet

Concept 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.012M $8.573M
YoY Change 1087.51% 553.74%
Cash & Equivalents $7.012M $8.573M
Short-Term Investments
Other Short-Term Assets $775.7K $811.5K
YoY Change 31.3% 19.72%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $7.788M $9.384M
YoY Change 559.31% 371.78%
LONG-TERM ASSETS
Property, Plant & Equipment $3.559K $3.896K
YoY Change -29.66% -29.68%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $546.2K $546.2K
YoY Change 9.35% 9.35%
Total Long-Term Assets $52.11M $52.06M
YoY Change -0.42% -0.42%
TOTAL ASSETS
Total Short-Term Assets $7.788M $9.384M
Total Long-Term Assets $52.11M $52.06M
Total Assets $59.90M $61.44M
YoY Change 11.94% 13.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $982.5K $1.690M
YoY Change 49.47% 261.83%
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 $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $3.543M $4.251M
YoY Change -60.98% -27.27%
LONG-TERM LIABILITIES
Long-Term Debt $14.45M $14.13M
YoY Change
Other Long-Term Liabilities $2.118M $2.038M
YoY Change 32.38% -54.91%
Total Long-Term Liabilities $16.81M $16.41M
YoY Change 795.3% 242.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.543M $4.251M
Total Long-Term Liabilities $16.81M $16.41M
Total Liabilities $20.35M $20.66M
YoY Change 85.76% 94.15%
SHAREHOLDERS EQUITY
Retained Earnings -$79.78M -$77.97M
YoY Change 9.61% 9.6%
Common Stock $119.3M $118.8M
YoY Change 3.45% 3.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $39.54M $40.78M
YoY Change
Total Liabilities & Shareholders Equity $59.90M $61.44M
YoY Change 11.94% 13.22%

Cashflow Statement

Concept 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income -$1.814M -$1.575M
YoY Change 10.09% 9.92%
Depreciation, Depletion And Amortization $340.00 $680.00
YoY Change -29.17% 41.67%
Cash From Operating Activities -$1.538M -$627.0K
YoY Change 55.96% -42.4%
INVESTING ACTIVITIES
Capital Expenditures $50.00K $50.00K
YoY Change 0.0% 66.67%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$50.00K -$50.00K
YoY Change 0.0% 66.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 27.24K 8.235M
YoY Change -91.36% 610.83%
NET CHANGE
Cash From Operating Activities -1.538M -627.0K
Cash From Investing Activities -50.00K -50.00K
Cash From Financing Activities 27.24K 8.235M
Net Change In Cash -1.561M 7.558M
YoY Change 116.49% 18837.61%
FREE CASH FLOW
Cash From Operating Activities -$1.538M -$627.0K
Capital Expenditures $50.00K $50.00K
Free Cash Flow -$1.588M -$677.0K
YoY Change 53.26% -39.48%

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8369602
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
110115
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
180831
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
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
50000
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.19
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
95002
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
0.41
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
153995
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
0.82
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
458336
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.47
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
458336
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.47
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
5504
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y2M12D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
16873
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
2760378
CY2023Q4 pzg Debt Liability Of Royalty Convertible Debenture Before Issuance Costs
DebtLiabilityOfRoyaltyConvertibleDebentureBeforeIssuanceCosts
12239622
CY2023Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
870111
CY2023Q4 pzg Net Debt Liability Of Royalty Convertible Debenture
NetDebtLiabilityOfRoyaltyConvertibleDebenture
11369511
CY2023Q4 pzg Derivative Liability Of Royalty Convertible Debenture
DerivativeLiabilityOfRoyaltyConvertibleDebenture
2760378
CY2023Q4 us-gaap Convertible Debt
ConvertibleDebt
14129889
CY2023Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
4598019
CY2023Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
4436902
CY2023Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
4598019
CY2023Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
4436902
CY2023Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
2560515
CY2023Q2 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
2560515
CY2023Q4 us-gaap Mineral Properties Net
MineralPropertiesNet
51508261
CY2023Q2 us-gaap Mineral Properties Net
MineralPropertiesNet
51458261
CY2023Q4 pzg Reclamation Bond Noncurrent
ReclamationBondNoncurrent
546176
CY2023Q2 pzg Reclamation Bond Noncurrent
ReclamationBondNoncurrent
546176
us-gaap Financial Guarantee Insurance Contracts Claim Liability Weighted Average Risk Free Discount Rate
FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate
0.0993
CY2023 us-gaap Financial Guarantee Insurance Contracts Claim Liability Weighted Average Risk Free Discount Rate
FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate
0.0993
pzg Weighted Average Inflation Rate
WeightedAverageInflationRate
0.0249
CY2023 pzg Weighted Average Inflation Rate
WeightedAverageInflationRate
0.0249
CY2023Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
4436902
CY2022Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
4475270
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
221117
CY2023 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
446245
CY2023 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
-364612
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
60000
CY2023 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
120001
CY2023Q4 us-gaap Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
2037504
CY2023Q2 us-gaap Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
1876387
CY2023Q4 us-gaap Accretion Expense
AccretionExpense
110558
us-gaap Accretion Expense
AccretionExpense
221117
CY2022Q4 us-gaap Accretion Expense
AccretionExpense
111561
us-gaap Accretion Expense
AccretionExpense
223122
CY2023Q4 us-gaap Insurance Recoveries
InsuranceRecoveries
1217131
CY2022Q4 us-gaap Insurance Recoveries
InsuranceRecoveries
40308
us-gaap Insurance Recoveries
InsuranceRecoveries
1292933
us-gaap Insurance Recoveries
InsuranceRecoveries
40308
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
6095
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
5975
pzg Restitution Payment
RestitutionPayment
3785
CY2023Q4 us-gaap Other Income
OtherIncome
1217131
CY2022Q4 us-gaap Other Income
OtherIncome
40308
us-gaap Other Income
OtherIncome
1302813
us-gaap Other Income
OtherIncome
46283
CY2023Q4 pzg Exploration And Development Expenses
ExplorationAndDevelopmentExpenses
1773930
pzg Exploration And Development Expenses
ExplorationAndDevelopmentExpenses
3033720
CY2023Q4 pzg Land Holding Costs
LandHoldingCosts
157143
pzg Land Holding Costs
LandHoldingCosts
314287
CY2022Q4 pzg Exploration And Development Expenses
ExplorationAndDevelopmentExpenses
465402
pzg Exploration And Development Expenses
ExplorationAndDevelopmentExpenses
1304997
CY2022Q4 pzg Land Holding Costs
LandHoldingCosts
157143
pzg Land Holding Costs
LandHoldingCosts
318199
CY2023Q4 us-gaap Mineral Properties Net
MineralPropertiesNet
51508261
CY2023Q2 us-gaap Mineral Properties Net
MineralPropertiesNet
51458261

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