$PZG
Paramount Gold Nevada Corp.

2017 Q4 Form 10-Q Financial Statement

#000156459018013032 Filed on May 10, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2017 Q1
Revenue $0.00 $85.55K $237.7K
YoY Change -100.0% 1512.29%
Cost Of Revenue $120.0K $160.0K $220.0K
YoY Change 0.0% 6.67% 120.0%
Gross Profit -$120.0K -$80.00K $20.00K
YoY Change 50.0% -46.67% -120.0%
Gross Profit Margin -93.51% 8.41%
Selling, General & Admin $330.0K $300.0K $350.0K
YoY Change -15.38% -40.0% -52.05%
% of Gross Profit 1750.0%
Research & Development $1.310M $650.0K $1.130M
YoY Change -0.76% 20.37% 1030.0%
% of Gross Profit 5650.0%
Depreciation & Amortization $0.00 $938.00 $0.00
YoY Change -100.0% -14.88% -100.0%
% of Gross Profit 0.0%
Operating Expenses $1.700M $1.170M $1.550M
YoY Change -5.03% -7.89% 49.91%
Operating Profit -$1.821M -$1.085M -$1.527M
YoY Change -2.47% -14.26% 47.73%
Interest Expense $0.00 $0.00 $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00
YoY Change -100.0%
Pretax Income -$1.819M -$1.083M -$1.424M
YoY Change -0.33% -14.2% 29.5%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.819M -$1.083M -$1.424M
YoY Change -0.33% -155.42% 29.43%
Net Earnings / Revenue -1265.63% -599.28%
Basic Earnings Per Share -$0.08 -$0.06 -$0.09
Diluted Earnings Per Share -$0.08 -$0.06 -$0.09
COMMON SHARES
Basic Shares Outstanding 22.38M 17.78M
Diluted Shares Outstanding 22.38M 17.78M

Balance Sheet

Concept 2017 Q4 2017 Q3 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.230M $90.00K $4.470M
YoY Change 188.95% -97.58% -36.78%
Cash & Equivalents $5.227M $90.00K $4.465M
Short-Term Investments
Other Short-Term Assets $390.0K $198.0K $320.0K
YoY Change -7.14% -64.0% 23.08%
Inventory
Prepaid Expenses
Receivables $20.00K $100.0K $20.00K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.633M $929.1K $4.800M
YoY Change 150.34% -78.29% -37.07%
LONG-TERM ASSETS
Property, Plant & Equipment $10.78K $11.72K $46.47M
YoY Change -27.33% -99.97% 346975.96%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.010M $2.090M $2.080M
YoY Change -12.23% -11.06% -12.97%
Total Long-Term Assets $48.49M $48.56M $48.56M
YoY Change -0.58% -0.55% 59.55%
TOTAL ASSETS
Total Short-Term Assets $5.633M $929.1K $4.800M
Total Long-Term Assets $48.49M $48.56M $48.56M
Total Assets $54.12M $49.49M $53.36M
YoY Change 6.08% -6.82% 40.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $560.0K $700.0K $590.0K
YoY Change 124.0% 29.63% 78.79%
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 $697.6K $920.0K $700.0K
YoY Change 10.74% 0.0% 114.59%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.120M $1.080M $1.120M
YoY Change 9.8% 2.86% -12.5%
Total Long-Term Liabilities $1.120M $1.080M $1.120M
YoY Change 9.8% 2.86% -12.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $697.6K $920.0K $700.0K
Total Long-Term Liabilities $1.120M $1.080M $1.120M
Total Liabilities $1.818M $2.000M $1.820M
YoY Change 9.51% 1.01% 13.29%
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 $47.49M $51.54M
YoY Change
Total Liabilities & Shareholders Equity $54.12M $49.49M $53.36M
YoY Change 6.07% -6.81% 40.19%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2017 Q1
OPERATING ACTIVITIES
Net Income -$1.819M -$1.083M -$1.424M
YoY Change -0.33% -155.42% 29.43%
Depreciation, Depletion And Amortization $0.00 $938.00 $0.00
YoY Change -100.0% -14.88% -100.0%
Cash From Operating Activities -$1.690M -$1.819M -$900.0K
YoY Change -11.05% 56.83% 69.81%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities $0.00 $0.00 -$10.00K
YoY Change -100.0%
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 0.000 3.560M
YoY Change -1286.67%
NET CHANGE
Cash From Operating Activities -1.690M -1.819M -900.0K
Cash From Investing Activities 0.000 0.000 -10.00K
Cash From Financing Activities 6.820M 0.000 3.560M
Net Change In Cash 5.130M -1.819M 2.650M
YoY Change -370.0% -15.78% -419.28%
FREE CASH FLOW
Cash From Operating Activities -$1.690M -$1.819M -$900.0K
Capital Expenditures $0.00 $0.00
Free Cash Flow -$1.690M -$900.0K
YoY Change -11.05% 69.81%

Facts In Submission

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us-gaap Earnings Per Share Basic
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us-gaap Payments To Acquire Mineral Rights
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us-gaap Increase Decrease In Prepaid Expense
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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us-gaap Insurance Recoveries
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us-gaap Operating Leases Income Statement Lease Revenue
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CY2017Q2 us-gaap Asset Retirement Obligation
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us-gaap Asset Retirement Obligation Liabilities Settled
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Payments To Acquire Machinery And Equipment
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us-gaap Use Of Estimates
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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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<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 March 31, 2018, the Company had $1.1 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>
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