2016 Q4 Form 10-Q Financial Statement
#000156459017001225 Filed on February 09, 2017
Income Statement
Concept | 2016 Q4 | 2015 Q4 | 2014 Q2 |
---|---|---|---|
Revenue | $40.60K | $125.7K | $33.84K |
YoY Change | -67.71% | 87.51% | |
Cost Of Revenue | $120.0K | $100.0K | |
YoY Change | 20.0% | ||
Gross Profit | -$80.00K | $20.00K | |
YoY Change | -500.0% | ||
Gross Profit Margin | -197.05% | 15.91% | |
Selling, General & Admin | $390.0K | $500.0K | $110.0K |
YoY Change | -22.0% | 1150.0% | |
% of Gross Profit | 2500.0% | ||
Research & Development | $1.320M | $170.0K | $600.0K |
YoY Change | 676.47% | -65.31% | |
% of Gross Profit | 850.0% | ||
Depreciation & Amortization | $1.481K | $858.00 | |
YoY Change | 72.61% | ||
% of Gross Profit | 4.29% | ||
Operating Expenses | $1.790M | $862.0K | $840.0K |
YoY Change | 107.66% | 90.56% | |
Operating Profit | -$1.867M | -$736.3K | -$659.9K |
YoY Change | 153.62% | 91.21% | |
Interest Expense | $0.00 | $0.00 | -$560.0K |
YoY Change | -100.0% | ||
% of Operating Profit | |||
Other Income/Expense, Net | $40.00K | $40.00K | |
YoY Change | |||
Pretax Income | -$1.825M | -$735.0K | -$1.320M |
YoY Change | 148.3% | -28.64% | |
Income Tax | $0.00 | ||
% Of Pretax Income | |||
Net Earnings | -$1.825M | -$735.0K | -$1.231M |
YoY Change | 148.3% | -32.84% | |
Net Earnings / Revenue | -4494.92% | -584.6% | -3637.62% |
Basic Earnings Per Share | -$0.12 | -$0.09 | $0.15 |
Diluted Earnings Per Share | -$0.12 | -$0.09 | $0.15 |
COMMON SHARES | |||
Basic Shares Outstanding | 15.69M | 8.519M | |
Diluted Shares Outstanding | 15.69M | 8.519M |
Balance Sheet
Concept | 2016 Q4 | 2015 Q4 | 2014 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $1.810M | $7.910M | $1.010M |
YoY Change | -77.12% | 741.49% | |
Cash & Equivalents | $1.814M | $7.907M | $452.4K |
Short-Term Investments | $0.00 | $560.0K | |
Other Short-Term Assets | $420.0K | $380.0K | $230.0K |
YoY Change | 10.53% | 18.75% | |
Inventory | |||
Prepaid Expenses | |||
Receivables | $20.00K | $0.00 | |
Other Receivables | $0.00 | $0.00 | |
Total Short-Term Assets | $2.250M | $8.290M | $1.243M |
YoY Change | -72.86% | 563.2% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $14.84K | $28.05M | $28.37M |
YoY Change | -99.95% | 0.04% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $2.290M | $2.380M | $2.630M |
YoY Change | -3.78% | -7.75% | |
Total Long-Term Assets | $48.77M | $30.43M | $31.00M |
YoY Change | 60.27% | -0.62% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $2.250M | $8.290M | $1.243M |
Total Long-Term Assets | $48.77M | $30.43M | $31.00M |
Total Assets | $51.02M | $38.72M | $32.24M |
YoY Change | 31.76% | 21.49% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $250.0K | $130.0K | $30.00K |
YoY Change | 92.31% | ||
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 | $630.0K | $130.0K | $15.39M |
YoY Change | 384.62% | -99.2% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $1.020M | $1.240M | $1.290M |
YoY Change | -17.74% | -2.36% | |
Total Long-Term Liabilities | $1.020M | $1.240M | $1.290M |
YoY Change | -17.74% | -2.36% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $630.0K | $130.0K | $15.39M |
Total Long-Term Liabilities | $1.020M | $1.240M | $1.290M |
Total Liabilities | $1.660M | $1.370M | $16.68M |
YoY Change | 21.17% | -92.21% | |
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 | $49.36M | $37.35M | $15.56M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $51.02M | $38.72M | $32.24M |
YoY Change | 31.77% | 21.49% |
Cashflow Statement
Concept | 2016 Q4 | 2015 Q4 | 2014 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.825M | -$735.0K | -$1.231M |
YoY Change | 148.3% | -32.84% | |
Depreciation, Depletion And Amortization | $1.481K | $858.00 | |
YoY Change | 72.61% | ||
Cash From Operating Activities | -$1.900M | -$370.0K | -$370.0K |
YoY Change | 413.51% | 68.18% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $0.00 | |
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cash From Investing Activities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 0.000 | 340.0K | |
YoY Change | -100.0% | ||
NET CHANGE | |||
Cash From Operating Activities | -1.900M | -370.0K | -370.0K |
Cash From Investing Activities | 0.000 | 0.000 | 0.000 |
Cash From Financing Activities | 0.000 | 340.0K | |
Net Change In Cash | -1.900M | -370.0K | -30.00K |
YoY Change | 413.51% | 1133.33% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.900M | -$370.0K | -$370.0K |
Capital Expenditures | $0.00 | $0.00 | |
Free Cash Flow | -$1.900M | -$370.0K | |
YoY Change | 413.51% | 68.18% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
pzg |
Non Recurring Rebates
NonRecurringRebates
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Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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General Insurance Expense
GeneralInsuranceExpense
|
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Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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Deferred Income Taxes And Tax Credits
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Net Income Loss
NetIncomeLoss
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Net Income Loss
NetIncomeLoss
|
-1536960 | ||
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Comprehensive Income Net Of Tax
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|
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Comprehensive Income Net Of Tax
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|
-735665 | |
CY2016Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.12 | |
CY2016Q4 | us-gaap |
Asset Retirement Obligation Current
AssetRetirementObligationCurrent
|
384099 | |
CY2016Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
248617 | |
CY2016Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
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CY2016Q4 | us-gaap |
Assets Noncurrent
AssetsNoncurrent
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Assets
Assets
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Reclamation Bond Noncurrent
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|
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Depreciation
Depreciation
|
1481 | |
CY2015Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.09 | |
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Earnings Per Share Diluted
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|
0.09 | |
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Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | ||
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Weighted Average Number Of Shares Outstanding Basic
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|
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Weighted Average Number Of Shares Outstanding Basic
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Weighted Average Number Of Diluted Shares Outstanding
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Weighted Average Number Of Diluted Shares Outstanding
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us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.18 | ||
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Earnings Per Share Diluted
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|
0.12 | |
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Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.18 | ||
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Weighted Average Number Of Shares Outstanding Basic
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Weighted Average Number Of Shares Outstanding Basic
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Weighted Average Number Of Diluted Shares Outstanding
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Weighted Average Number Of Diluted Shares Outstanding
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Stockholders Equity
StockholdersEquity
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Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
243452 | ||
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Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
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Asset Retirement Obligation Accretion Expense
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|
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General And Administrative Expense
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|
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Professional Fees
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|
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CY2016Q4 | us-gaap |
Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
|
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Labor And Related Expense
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|
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Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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|
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Net Income Loss
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Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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Net Income Loss
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|
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Asset Retirement Obligation
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Asset Retirement Obligation Liabilities Settled
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Depreciation
Depreciation
|
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Non Recurring Rebates
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|
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Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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Comprehensive Income Net Of Tax
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|
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Comprehensive Income Net Of Tax
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Treasury Stock Value Acquired Cost Method
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|
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Stockholders Equity Note Spinoff Transaction
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Adjustments To Additional Paid In Capital Contributed Capital
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|
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Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
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|
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Stock Issued During Period Value Private Placement
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Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
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CY2015 | pzg |
Adjustments To Additional Paid In Capital Impact Of Imputed Interest On Related Party Debt
AdjustmentsToAdditionalPaidInCapitalImpactOfImputedInterestOnRelatedPartyDebt
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Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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Operating Leases Income Statement Lease Revenue
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|
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Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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Net Income Loss Available To Common Stockholders Basic
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|
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Net Income Loss Available To Common Stockholders Basic
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|
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Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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|
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Net Cash Provided By Used In Operating Activities Continuing Operations
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|
-3060777 | ||
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Payments To Acquire Businesses Gross
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|
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Cash Acquired From Acquisition
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|
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Payments To Acquire Machinery And Equipment
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Stock Issued During Period Value Acquisitions
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Net Cash Provided By Used In Investing Activities Continuing Operations
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-8365 | ||
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Cash And Cash Equivalents Period Increase Decrease
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|
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Stockholders Equity
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|
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Cash And Cash Equivalents Period Increase Decrease
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Cash And Cash Equivalents At Carrying Value
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Cash And Cash Equivalents At Carrying Value
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Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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|
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us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
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us-gaap |
Share Based Compensation
ShareBasedCompensation
|
122502 | ||
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Interest Earned On Reclamation Bond
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Interest Earned On Reclamation Bond
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pzg |
Amortization Of Prepaid Insurance Expenses
AmortizationOfPrepaidInsuranceExpenses
|
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Amortization Of Prepaid Insurance Expenses
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|
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us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
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Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-37071 | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<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’s asset retirement obligations, valuation of deferred tax asset, and valuation of mineral properties.</p></div> | ||
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<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;">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. The Company maintains cash in accounts which may, at times, exceed federally insured limits. At December 31, 2016, the balances of approximately $1.5 million were in excess of federally insured limits. We deposit our cash with financial institutions which we believe have sufficient credit quality to minimize the risk of loss.</p></div> | ||
us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
2527 | ||
us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
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Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
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CY2016Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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|
7823 | |
CY2016Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
5239 | |
CY2016Q4 | pzg |
Concentration Of Credit Risk Uninsured Cash Amount
ConcentrationOfCreditRiskUninsuredCashAmount
|
1500000 | |
pzg |
Cash Uninsured Amount Description
CashUninsuredAmountDescription
|
We deposit our cash with financial institutions which we believe have sufficient credit quality to minimize the risk of loss | ||
CY2016Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
|
663330 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
50000 | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
|
348335 | ||
CY2016Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
|
364995 | |
CY2016Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
1.13 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
1.23 | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
|
1.14 | ||
CY2016Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
1.14 | |
CY2016Q4 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
120928 | |
us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P8M1D | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
|
351236 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
|
0 | ||
CY2016Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
22662 | |
CY2016 | us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
147992 | |
CY2016 | us-gaap |
Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
|
120568 | |
CY2016Q4 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
1407912 | |
us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
500 | ||
CY2016Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
8722 | |
CY2016Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
18400 | |
us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
7951 |