$PZG
Paramount Gold Nevada Corp

2017 Q4 Form 10-Q Financial Statement

#000156459018001603 Filed on February 08, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2016 Q4
Revenue $0.00 $40.60K
YoY Change -100.0% -67.71%
Cost Of Revenue $120.0K $120.0K
YoY Change 0.0% 20.0%
Gross Profit -$120.0K -$80.00K
YoY Change 50.0% -500.0%
Gross Profit Margin -197.05%
Selling, General & Admin $330.0K $390.0K
YoY Change -15.38% -22.0%
% of Gross Profit
Research & Development $1.310M $1.320M
YoY Change -0.76% 676.47%
% of Gross Profit
Depreciation & Amortization $0.00 $1.481K
YoY Change -100.0% 72.61%
% of Gross Profit
Operating Expenses $1.700M $1.790M
YoY Change -5.03% 107.66%
Operating Profit -$1.821M -$1.867M
YoY Change -2.47% 153.62%
Interest Expense $0.00 $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net $0.00 $40.00K
YoY Change -100.0%
Pretax Income -$1.819M -$1.825M
YoY Change -0.33% 148.3%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.819M -$1.825M
YoY Change -0.33% 148.3%
Net Earnings / Revenue -4494.92%
Basic Earnings Per Share -$0.08 -$0.12
Diluted Earnings Per Share -$0.08 -$0.12
COMMON SHARES
Basic Shares Outstanding 22.38M 15.69M
Diluted Shares Outstanding 22.38M 15.69M

Balance Sheet

Concept 2017 Q4 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.230M $1.810M
YoY Change 188.95% -77.12%
Cash & Equivalents $5.227M $1.814M
Short-Term Investments
Other Short-Term Assets $390.0K $420.0K
YoY Change -7.14% 10.53%
Inventory
Prepaid Expenses
Receivables $20.00K $20.00K
Other Receivables $0.00 $0.00
Total Short-Term Assets $5.633M $2.250M
YoY Change 150.34% -72.86%
LONG-TERM ASSETS
Property, Plant & Equipment $10.78K $14.84K
YoY Change -27.33% -99.95%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.010M $2.290M
YoY Change -12.23% -3.78%
Total Long-Term Assets $48.49M $48.77M
YoY Change -0.58% 60.27%
TOTAL ASSETS
Total Short-Term Assets $5.633M $2.250M
Total Long-Term Assets $48.49M $48.77M
Total Assets $54.12M $51.02M
YoY Change 6.08% 31.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $560.0K $250.0K
YoY Change 124.0% 92.31%
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 $697.6K $630.0K
YoY Change 10.74% 384.62%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.120M $1.020M
YoY Change 9.8% -17.74%
Total Long-Term Liabilities $1.120M $1.020M
YoY Change 9.8% -17.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $697.6K $630.0K
Total Long-Term Liabilities $1.120M $1.020M
Total Liabilities $1.818M $1.660M
YoY Change 9.51% 21.17%
SHAREHOLDERS EQUITY
Retained Earnings -$38.56M
YoY Change
Common Stock $90.86M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $52.30M $49.36M
YoY Change
Total Liabilities & Shareholders Equity $54.12M $51.02M
YoY Change 6.07% 31.77%

Cashflow Statement

Concept 2017 Q4 2016 Q4
OPERATING ACTIVITIES
Net Income -$1.819M -$1.825M
YoY Change -0.33% 148.3%
Depreciation, Depletion And Amortization $0.00 $1.481K
YoY Change -100.0% 72.61%
Cash From Operating Activities -$1.690M -$1.900M
YoY Change -11.05% 413.51%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities $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 6.820M
YoY Change
NET CHANGE
Cash From Operating Activities -1.690M -1.900M
Cash From Investing Activities 0.000 0.000
Cash From Financing Activities 6.820M
Net Change In Cash 5.130M -1.900M
YoY Change -370.0% 413.51%
FREE CASH FLOW
Cash From Operating Activities -$1.690M -$1.900M
Capital Expenditures $0.00 $0.00
Free Cash Flow -$1.690M -$1.900M
YoY Change -11.05% 413.51%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2017Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.08
CY2017Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1818890
CY2016Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1824892
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
CY2017Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22384302
CY2017Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22384302
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
75368
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
68644
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
10783
CY2017Q4 us-gaap Assets
Assets
54117733
us-gaap Operating Income Loss
OperatingIncomeLoss
-3132388
CY2017Q4 us-gaap Assets Current
AssetsCurrent
5632556
CY2017Q4 us-gaap Mineral Properties Net
MineralPropertiesNet
46460386
CY2017Q4 pzg Reclamation Bond Noncurrent
ReclamationBondNoncurrent
2014008
CY2016Q4 us-gaap Other Income
OtherIncome
40599
CY2017Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
48485177
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
23074954
CY2017Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
561669
CY2017Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
135967
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
697636
CY2017Q4 us-gaap Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
1120300
CY2017Q4 us-gaap Liabilities
Liabilities
1817936
CY2017Q4 us-gaap Common Stock Value
CommonStockValue
230750
CY2017Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
90632642
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-38563595
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
52299797
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
54117733
CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
23074954
CY2017Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5953
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2901609
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3086814
us-gaap Net Income Loss
NetIncomeLoss
128604
us-gaap Operating Expenses
OperatingExpenses
3178293
us-gaap Depreciation
Depreciation
1876
us-gaap Depreciation
Depreciation
2584
us-gaap Investment Income Interest
InvestmentIncomeInterest
6513
pzg Interest And Service Charges
InterestAndServiceCharges
572
CY2017Q4 us-gaap Labor And Related Expense
LaborAndRelatedExpense
142995
CY2016Q4 pzg Non Recurring Rebates
NonRecurringRebates
39633
pzg Non Recurring Rebates
NonRecurringRebates
39633
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-3215418
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
33906187
CY2017 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
243421
CY2017 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
15202866
CY2017 pzg Stock Issued During Period Value Private Placement
StockIssuedDuringPeriodValuePrivatePlacement
3553156
CY2017 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4339602
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1082719
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
47489262
CY2017Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2527
CY2017Q4 pzg Stock Issued During Period Value Private Placement
StockIssuedDuringPeriodValuePrivatePlacement
6626898
us-gaap Share Based Compensation
ShareBasedCompensation
8480
us-gaap Share Based Compensation
ShareBasedCompensation
122502
pzg Interest Earned On Reclamation Bond
InterestEarnedOnReclamationBond
7581
pzg Interest Earned On Reclamation Bond
InterestEarnedOnReclamationBond
6514
pzg Amortization Of Prepaid Insurance Expenses
AmortizationOfPrepaidInsuranceExpenses
24517
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
197988
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-311458
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-3509056
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
4363
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-999787
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
6824886
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
6824886
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
3315830
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-4060564
CY2016Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5874258
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1813694
CY2017Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
1256267
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
15060
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
176144
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
243452
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
72816
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-3060777
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
1001623
us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
2527
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.&nbsp;&nbsp;The Company maintains cash and cash equivalents in accounts which may, at times, exceed federally insured limits.&nbsp;&nbsp;At December 31, 2017, the Company had $4.9 million of balances 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>
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&#8217;s asset retirement obligations, valuation of deferred tax asset, and valuation of mineral properties.</p></div>
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
16242
CY2017Q4 pzg Concentration Of Credit Risk Uninsured Cash Amount
ConcentrationOfCreditRiskUninsuredCashAmount
4900000
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
us-gaap Nonmonetary Transaction Amount Of Barter Transaction
NonmonetaryTransactionAmountOfBarterTransaction
0
CY2017Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
33334
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
0
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
0
CY2017Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
33334
CY2017Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
1.23
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
0
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
0
CY2017Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
1.23
CY2017Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
6739
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P8M13D
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
351236
CY2017Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
1261034
CY2016Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
1402039
CY2017 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
137288
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
80135
CY2017 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
278293
us-gaap Insurance Recoveries
InsuranceRecoveries
40599
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
5306
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
9200

Files In Submission

Name View Source Status
0001564590-18-001603-index-headers.html Edgar Link pending
0001564590-18-001603-index.html Edgar Link pending
0001564590-18-001603.txt Edgar Link pending
0001564590-18-001603-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
g2018020723294246515168.jpg Edgar Link pending
pzg-10q_20171231.htm Edgar Link pending
pzg-20171231.xml Edgar Link completed
pzg-20171231.xsd Edgar Link pending
pzg-20171231_cal.xml Edgar Link unprocessable
pzg-20171231_def.xml Edgar Link unprocessable
pzg-20171231_lab.xml Edgar Link unprocessable
pzg-20171231_pre.xml Edgar Link unprocessable
pzg-ex311_6.htm Edgar Link pending
pzg-ex312_7.htm Edgar Link pending
pzg-ex321_9.htm Edgar Link pending
pzg-ex322_8.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
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
Show.js Edgar Link pending