$PZG
Paramount Gold Nevada Corp

2018 Q4 Form 10-Q Financial Statement

#000156459019018247 Filed on May 10, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2018 Q1
Revenue $183.8K $104.5K $22.26K
YoY Change 22.18% -90.64%
Cost Of Revenue $308.9K $160.0K $120.0K
YoY Change 157.43% 0.0% -45.45%
Gross Profit -$125.1K -$60.00K -$100.0K
YoY Change 4.27% -25.0% -600.0%
Gross Profit Margin -68.08% -57.4% -449.24%
Selling, General & Admin $888.1K $440.0K $450.0K
YoY Change 169.13% 46.67% 28.57%
% of Gross Profit
Research & Development $1.307M $470.0K $1.050M
YoY Change -0.21% -27.69% -7.08%
% of Gross Profit
Depreciation & Amortization $660.00 $0.00 $0.00
YoY Change -100.0%
% of Gross Profit
Operating Expenses $2.344M $990.0K $1.570M
YoY Change 37.87% -15.39% 1.29%
Operating Profit -$2.469M -$1.050M -$1.666M
YoY Change 35.57% -3.19% 9.04%
Interest Expense $17.20K $0.00 $10.00K
YoY Change
% of Operating Profit
Other Income/Expense, Net $0.00
YoY Change
Pretax Income -$2.489M -$1.059M -$1.660M
YoY Change 36.85% -2.2% 16.54%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$2.489M -$1.059M -$1.659M
YoY Change 36.85% -2.2% 16.45%
Net Earnings / Revenue -1354.38% -1013.09% -7451.7%
Basic Earnings Per Share -$0.06 -$0.04 -$0.07
Diluted Earnings Per Share -$0.06 -$0.04 -$0.07
COMMON SHARES
Basic Shares Outstanding 25.47M 25.19M
Diluted Shares Outstanding 25.47M 25.19M

Balance Sheet

Concept 2018 Q4 2018 Q3 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $300.2K $1.570M $1.410M
YoY Change -94.26% 1644.44% -68.46%
Cash & Equivalents $300.2K $1.566M $1.414M
Short-Term Investments
Other Short-Term Assets $532.2K $550.0K $300.0K
YoY Change 36.46% 177.79% -6.25%
Inventory
Prepaid Expenses
Receivables $0.00 $0.00 $20.00K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $832.4K $2.120M $1.730M
YoY Change -85.22% 128.17% -63.96%
LONG-TERM ASSETS
Property, Plant & Equipment $48.87M $48.87M $48.87M
YoY Change 453094.75% 416843.95% 5.16%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.612M $1.680M $2.000M
YoY Change -19.78% -19.62% -3.85%
Total Long-Term Assets $50.48M $50.55M $50.87M
YoY Change 4.12% 4.1% 4.76%
TOTAL ASSETS
Total Short-Term Assets $832.4K $2.120M $1.730M
Total Long-Term Assets $50.48M $50.55M $50.87M
Total Assets $51.31M $52.67M $52.60M
YoY Change -5.18% 6.43% -1.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $595.7K $540.0K $660.0K
YoY Change 6.38% -22.86% 11.86%
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 $697.3K $640.0K $800.0K
YoY Change -0.04% -30.43% 14.29%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $875.4K $910.0K $1.140M
YoY Change -21.84% -15.74% 1.79%
Total Long-Term Liabilities $875.4K $910.0K $1.140M
YoY Change -21.84% -15.74% 1.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $697.3K $640.0K $800.0K
Total Long-Term Liabilities $875.4K $910.0K $1.140M
Total Liabilities $1.573M $1.560M $1.930M
YoY Change -13.49% -22.0% 6.04%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $49.74M $51.11M $50.67M
YoY Change
Total Liabilities & Shareholders Equity $51.31M $52.67M $52.60M
YoY Change -5.18% 6.42% -1.42%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2018 Q1
OPERATING ACTIVITIES
Net Income -$2.489M -$1.059M -$1.659M
YoY Change 36.85% -2.2% 16.45%
Depreciation, Depletion And Amortization $660.00 $0.00 $0.00
YoY Change -100.0%
Cash From Operating Activities -$1.268M -$1.643M -$1.410M
YoY Change -24.94% -9.7% 56.67%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$2.400M
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change
Cash From Investing Activities $0.00 $0.00 -$2.400M
YoY Change 23900.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.911M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.290K 2.911M 0.000
YoY Change -99.98% -100.0%
NET CHANGE
Cash From Operating Activities -1.268M -1.643M -1.410M
Cash From Investing Activities 0.000 0.000 -2.400M
Cash From Financing Activities 1.290K 2.911M 0.000
Net Change In Cash -1.267M 1.269M -3.810M
YoY Change -124.7% -169.73% -243.77%
FREE CASH FLOW
Cash From Operating Activities -$1.268M -$1.643M -$1.410M
Capital Expenditures $0.00 -$2.400M
Free Cash Flow -$1.268M $990.0K
YoY Change -24.94% -210.0%

Facts In Submission

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us-gaap Exploration Expense
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us-gaap Allocated Share Based Compensation Expense
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us-gaap Allocated Share Based Compensation Expense
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Other Operating Assets
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us-gaap Increase Decrease In Prepaid Expense
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Use Of Estimates
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<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 interim condensed 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 assets and liabilities, and valuation of mineral properties.</p>
us-gaap Concentration Risk Credit Risk
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Each warrant will have a two-year term and will be exercisable at the following exercise prices: in the first year at $1.30 per share and in the second year at $1.50 per share.
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