$PZG
Paramount Gold Nevada Corp

2016 Q2 Form 10-Q Financial Statement

#000156459016028662 Filed on November 09, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q3
Revenue $35.80K $5.202K
YoY Change -7.98% -82.94%
Cost Of Revenue $100.0K $80.00K
YoY Change -38.46%
Gross Profit -$70.00K -$80.00K
YoY Change -20.0%
Gross Profit Margin -195.55% -1537.87%
Selling, General & Admin -$60.00K $370.0K
YoY Change -106.52% 428.57%
% of Gross Profit
Research & Development $150.0K $270.0K
YoY Change -59.46% 12.5%
% of Gross Profit
Depreciation & Amortization $0.00 $1.546K
YoY Change
% of Gross Profit
Operating Expenses $170.0K $808.5K
YoY Change -88.36% -4.23%
Operating Profit -$2.716M -$803.3K
YoY Change 105.57% -1.24%
Interest Expense $10.00K $0.00
YoY Change -107.69% -100.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$2.700M -$802.0K
YoY Change 84.93% -47.58%
Income Tax
% Of Pretax Income
Net Earnings -$2.705M -$802.0K
YoY Change 85.84% -45.34%
Net Earnings / Revenue -7555.62% -15417.01%
Basic Earnings Per Share -$0.32 -$0.09
Diluted Earnings Per Share -$0.32 -$0.09
COMMON SHARES
Basic Shares Outstanding 8.519M 8.519M
Diluted Shares Outstanding 8.519M

Balance Sheet

Concept 2016 Q2 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.870M $8.280M
YoY Change -36.88% 744.9%
Cash & Equivalents $5.874M $8.278M
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $562.0K $550.0K
YoY Change 124.8% 27.91%
Inventory
Prepaid Expenses
Receivables $0.00 $0.00
Other Receivables $810.0K $0.00
Total Short-Term Assets $7.444M $8.830M
YoY Change -22.31% 530.71%
LONG-TERM ASSETS
Property, Plant & Equipment $14.90K $28.05M
YoY Change 86.29% 0.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.350M $2.520M
YoY Change -6.75% -5.26%
Total Long-Term Assets $28.04M $30.57M
YoY Change -8.27% -0.42%
TOTAL ASSETS
Total Short-Term Assets $7.444M $8.830M
Total Long-Term Assets $28.04M $30.57M
Total Assets $35.48M $39.40M
YoY Change -11.62% 22.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $180.0K $120.0K
YoY Change -21.74% 1100.0%
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 $559.9K $120.0K
YoY Change 140.09% -99.32%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.020M $1.330M
YoY Change -20.93% 2.31%
Total Long-Term Liabilities $1.020M $1.330M
YoY Change -20.93% 2.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $559.9K $120.0K
Total Long-Term Liabilities $1.020M $1.330M
Total Liabilities $1.578M $1.450M
YoY Change 3.28% -92.35%
SHAREHOLDERS EQUITY
Retained Earnings -$31.32M
YoY Change 20.56%
Common Stock $65.23M
YoY Change 0.88%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $33.91M $37.95M
YoY Change
Total Liabilities & Shareholders Equity $35.48M $39.40M
YoY Change -11.62% 22.74%

Cashflow Statement

Concept 2016 Q2 2015 Q3
OPERATING ACTIVITIES
Net Income -$2.705M -$802.0K
YoY Change 85.84% -45.34%
Depreciation, Depletion And Amortization $0.00 $1.546K
YoY Change
Cash From Operating Activities -$700.0K -$1.000M
YoY Change -6.67% 38.89%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$10.00K
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$800.0K $0.00
YoY Change -100.0%
Cash From Investing Activities -$800.0K -$10.00K
YoY Change -102.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 300.0K 0.000
YoY Change -96.72% -100.0%
NET CHANGE
Cash From Operating Activities -700.0K -1.000M
Cash From Investing Activities -800.0K -10.00K
Cash From Financing Activities 300.0K 0.000
Net Change In Cash -1.200M -1.010M
YoY Change -114.27% -298.04%
FREE CASH FLOW
Cash From Operating Activities -$700.0K -$1.000M
Capital Expenditures $0.00 -$10.00K
Free Cash Flow -$700.0K -$990.0K
YoY Change -6.67%

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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 condensed consolidated interim 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 condensed consolidated interim financial statements include the adequacy of the Company&#8217;s asset retirement obligations, valuation of deferred tax asset, and valuation of mineral properties.</p></div>
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