$PZG
Paramount Gold Nevada Corp

2015 Form 10-K Financial Statement

#000156459015008025 Filed on September 17, 2015

View on sec.gov

Income Statement

Concept 2015 2014 Q2 2014 Q1
Revenue $136.4K $33.84K $38.86K
YoY Change 75.6%
Cost Of Revenue $444.8K
YoY Change 27.07%
Gross Profit -$308.3K
YoY Change 14.19%
Gross Profit Margin -225.98%
Selling, General & Admin $1.216M $110.0K $110.0K
YoY Change 220.13%
% of Gross Profit
Research & Development $910.2K $600.0K $400.0K
YoY Change -40.51%
% of Gross Profit
Depreciation & Amortization $1.333K
YoY Change
% of Gross Profit
Operating Expenses $3.151M $840.0K $570.0K
YoY Change 18.32%
Operating Profit -$3.015M -$659.9K -$569.6K
YoY Change 16.6%
Interest Expense -$2.216M -$560.0K -$660.0K
YoY Change -9.54%
% of Operating Profit
Other Income/Expense, Net $40.00K -$40.00K
YoY Change
Pretax Income -$5.231M -$1.320M -$1.230M
YoY Change 4.0%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$5.231M -$1.231M -$1.219M
YoY Change 3.9%
Net Earnings / Revenue -3834.16% -3637.62% -3136.55%
Basic Earnings Per Share $0.64 $0.15 $0.15
Diluted Earnings Per Share $0.64 $0.15 $0.15
COMMON SHARES
Basic Shares Outstanding 8.186M
Diluted Shares Outstanding 8.186M

Balance Sheet

Concept 2015 2014 Q2 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.297M $1.010M
YoY Change 820.51%
Cash & Equivalents $9.283M $452.4K $484.4K
Short-Term Investments $14.66K $560.0K
Other Short-Term Assets $247.7K $230.0K
YoY Change 7.7%
Inventory
Prepaid Expenses
Receivables $37.07K
Other Receivables $0.00
Total Short-Term Assets $9.582M $1.243M
YoY Change 672.74%
LONG-TERM ASSETS
Property, Plant & Equipment $28.04M $28.37M
YoY Change -1.15%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.524M $2.630M
YoY Change -4.03%
Total Long-Term Assets $30.57M $31.00M
YoY Change -1.39%
TOTAL ASSETS
Total Short-Term Assets $9.582M $1.243M
Total Long-Term Assets $30.57M $31.00M
Total Assets $40.15M $32.24M
YoY Change 24.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $233.2K $30.00K
YoY Change 677.33%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $233.2K $15.39M
YoY Change -98.48%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.295M $1.290M
YoY Change 0.35%
Total Long-Term Liabilities $1.295M $1.290M
YoY Change 0.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $233.2K $15.39M
Total Long-Term Liabilities $1.295M $1.290M
Total Liabilities $1.528M $16.68M
YoY Change -90.84%
SHAREHOLDERS EQUITY
Retained Earnings -$20.75M
YoY Change
Common Stock $36.25M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $38.62M $15.56M
YoY Change
Total Liabilities & Shareholders Equity $40.15M $32.24M
YoY Change 24.53%

Cashflow Statement

Concept 2015 2014 Q2 2014 Q1
OPERATING ACTIVITIES
Net Income -$5.231M -$1.231M -$1.219M
YoY Change 3.9%
Depreciation, Depletion And Amortization $1.333K
YoY Change
Cash From Operating Activities -$2.042M -$370.0K -$360.0K
YoY Change -0.41%
INVESTING ACTIVITIES
Capital Expenditures -$1.330K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $462.1K $0.00 $0.00
YoY Change -1024.16%
Cash From Investing Activities $460.8K $0.00 $0.00
YoY Change -1021.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.470M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.41M 340.0K 340.0K
YoY Change 321.5%
NET CHANGE
Cash From Operating Activities -2.042M -370.0K -360.0K
Cash From Investing Activities 460.8K 0.000 0.000
Cash From Financing Activities 10.41M 340.0K 340.0K
Net Change In Cash 8.830M -30.00K -20.00K
YoY Change 2286.51%
FREE CASH FLOW
Cash From Operating Activities -$2.042M -$370.0K -$360.0K
Capital Expenditures -$1.330K
Free Cash Flow -$2.040M
YoY Change

Facts In Submission

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<div> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of these consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Significant estimates made by management in the accompanying consolidated financial statements include the adequacy of the Company&#8217;s asset retirement obligations, valuation of deferred tax asset, estimation of market rates of interest, and allocations of administrative overhead costs from PGSC.</p></div>
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<div> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Concentration of Credit Risk</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Financial instruments that potentially subject the Company to a concentration of credit risk consist principally of cash and cash equivalents and amounts receivable.&nbsp;&nbsp;The Company maintains cash in accounts which may, at times, exceed federally insured limits.&nbsp;&nbsp;At June 30, 2015, the balances of approximately $8.9 million were in excess of federally insured limits.&nbsp;&nbsp;We deposit our cash with financial institutions which we believe have sufficient credit quality to minimize the risk of loss.</p></div>
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8450000
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.13
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.3400
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.3400
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-670096
CY2013Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-686159
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1778610
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1711813
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-569555
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-659870
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
-1263609
CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
-1094320
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
-1214312
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
CY2014Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.13
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
CY2014Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
CY2013Q3 us-gaap Revenues
Revenues
5000
CY2014Q1 us-gaap Revenues
Revenues
38860
CY2014Q2 us-gaap Revenues
Revenues
33837
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
765850
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
1230685
CY2015 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
683335
CY2014 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-1384413
CY2015 pzg Income Tax Reconciliation Impact On Other Comprehensive Income
IncomeTaxReconciliationImpactOnOtherComprehensiveIncome
-39216
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
368641
CY2014 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1865541
CY2014Q3 us-gaap Revenues
Revenues
30486
CY2014Q4 us-gaap Revenues
Revenues
67049
CY2015Q2 us-gaap Revenues
Revenues
38902
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-813337
CY2014Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-385064
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-495234
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
-1467214
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
-1321410
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
-1218863
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
-1230862
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
CY2015 us-gaap Loss Contingency Name Of Defendant
LossContingencyNameOfDefendant
The Company, PGSC, members of PGSC’s board, Coeur, and Hollywood Merger Sub, Inc.
CY2015 us-gaap Loss Contingency New Claims Filed Number
LossContingencyNewClaimsFiledNumber
6

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