$PZG
Paramount Gold Nevada Corp.

2019 Q3 Form 10-Q Financial Statement

#000156459019040985 Filed on November 06, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2019 Q2 2018 Q3
Revenue $31.36K $3.852K $104.5K
YoY Change -70.0% -98.37% 22.18%
Cost Of Revenue $137.6K $170.6K $160.0K
YoY Change -14.01% 42.13% 0.0%
Gross Profit -$106.2K -$166.7K -$60.00K
YoY Change 77.03% -238.92% -25.0%
Gross Profit Margin -338.72% -4327.62% -57.4%
Selling, General & Admin $344.5K $488.2K $440.0K
YoY Change -21.71% 43.59% 46.67%
% of Gross Profit
Research & Development $458.6K $1.539M $470.0K
YoY Change -2.43% 26.13% -27.69%
% of Gross Profit
Depreciation & Amortization $460.00 $650.00 $0.00
YoY Change -100.0%
% of Gross Profit
Operating Expenses $862.4K $2.103M $990.0K
YoY Change -12.89% 29.02% -15.39%
Operating Profit -$992.2K -$2.303M -$1.050M
YoY Change -5.5% 52.14% -3.19%
Interest Expense $15.76K -$4.900K $0.00
YoY Change -149.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.006M -$2.307M -$1.059M
YoY Change -4.95% 52.81% -2.2%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$1.006M -$2.307M -$1.059M
YoY Change -4.95% 53.03% -2.2%
Net Earnings / Revenue -3209.6% -59901.84% -1013.09%
Basic Earnings Per Share -$0.04 -$0.09 -$0.04
Diluted Earnings Per Share -$0.04 -$0.09 -$0.04
COMMON SHARES
Basic Shares Outstanding 27.08M 25.19M
Diluted Shares Outstanding 27.08M 25.19M

Balance Sheet

Concept 2019 Q3 2019 Q2 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.188M $463.7K $1.570M
YoY Change 166.73% 54.56% 1644.44%
Cash & Equivalents $4.188M $463.7K $1.566M
Short-Term Investments
Other Short-Term Assets $1.649M $348.8K $550.0K
YoY Change 199.77% 2040.74% 177.79%
Inventory
Prepaid Expenses
Receivables $0.00
Other Receivables $0.00
Total Short-Term Assets $5.836M $812.5K $2.120M
YoY Change 175.3% 45.65% 128.17%
LONG-TERM ASSETS
Property, Plant & Equipment $5.839K $6.303K $48.87M
YoY Change -99.99% -29.39% 416843.95%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.383M $1.402M $1.680M
YoY Change -17.68% -20.8% -19.62%
Total Long-Term Assets $48.44M $48.46M $50.55M
YoY Change -4.17% -4.3% 4.1%
TOTAL ASSETS
Total Short-Term Assets $5.836M $812.5K $2.120M
Total Long-Term Assets $48.44M $48.46M $50.55M
Total Assets $54.28M $49.28M $52.67M
YoY Change 3.06% -3.75% 6.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $784.5K $980.3K $540.0K
YoY Change 45.27% 5.41% -22.86%
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 $881.8K $1.078M $640.0K
YoY Change 37.77% 4.67% -30.43%
LONG-TERM LIABILITIES
Long-Term Debt $5.204M $0.00 $0.00
YoY Change
Other Long-Term Liabilities $866.3K $868.4K $910.0K
YoY Change -4.8% -10.48% -15.74%
Total Long-Term Liabilities $6.071M $868.4K $910.0K
YoY Change 567.12% -10.48% -15.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $881.8K $1.078M $640.0K
Total Long-Term Liabilities $6.071M $868.4K $910.0K
Total Liabilities $6.953M $1.946M $1.560M
YoY Change 345.67% -2.73% -22.0%
SHAREHOLDERS EQUITY
Retained Earnings -$48.71M -$47.70M
YoY Change 14.31%
Common Stock $96.03M $95.03M
YoY Change 4.51%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $47.33M $47.33M $51.11M
YoY Change
Total Liabilities & Shareholders Equity $54.28M $49.28M $52.67M
YoY Change 3.06% -3.75% 6.42%

Cashflow Statement

Concept 2019 Q3 2019 Q2 2018 Q3
OPERATING ACTIVITIES
Net Income -$1.006M -$2.307M -$1.059M
YoY Change -4.95% 53.03% -2.2%
Depreciation, Depletion And Amortization $460.00 $650.00 $0.00
YoY Change -100.0%
Cash From Operating Activities -$1.478M -$1.826M -$1.643M
YoY Change -10.03% 98.47% -9.7%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $1.928M $0.00
YoY Change
Cash From Investing Activities $0.00 $1.928M $0.00
YoY Change
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 5.202M 0.000 2.911M
YoY Change 78.68% -100.0%
NET CHANGE
Cash From Operating Activities -1.478M -1.826M -1.643M
Cash From Investing Activities 0.000 1.928M 0.000
Cash From Financing Activities 5.202M 0.000 2.911M
Net Change In Cash 3.724M 101.7K 1.269M
YoY Change 193.56% -109.16% -169.73%
FREE CASH FLOW
Cash From Operating Activities -$1.478M -$1.826M -$1.643M
Capital Expenditures $0.00
Free Cash Flow -$1.826M
YoY Change 98.47%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2019Q3 dei Entity Interactive Data Current
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CY2019Q3 dei Entity Address Address Line1
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665 Anderson Street
CY2019Q3 dei Entity Address City Or Town
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Winnemucca
CY2019Q3 dei Entity Incorporation State Country Code
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CY2019Q3 dei Document Quarterly Report
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CY2019Q3 dei Entity Address Postal Zip Code
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CY2019Q3 us-gaap Additional Paid In Capital Common Stock
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CY2019Q3 dei City Area Code
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CY2019Q3 dei Document Transition Report
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CY2019Q3 dei Local Phone Number
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CY2019Q3 dei Entity Shell Company
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CY2019Q3 dei Entity File Number
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CY2019Q3 dei Security12b Title
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CY2019Q3 dei Security Exchange Name
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CY2019Q3 dei Entity Tax Identification Number
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CY2019Q3 pzg Interest Earned On Reclamation Bond
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CY2019Q3 us-gaap Concentration Risk Credit Risk
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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;">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.&nbsp;&nbsp;The Company maintains cash and cash equivalents in accounts which may, at times, exceed federally insured limits.&nbsp;&nbsp;At September 30, 2019, the Company had $3.89 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>
CY2019Q3 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 reclamation and environmental obligation, share based compensation, warrant valuation, valuation of deferred tax assets and liabilities, and assessment of impairment of mineral properties.</p>
CY2019Q3 pzg Concentration Of Credit Risk Uninsured Cash Amount
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CY2018Q3 pzg Class Of Warrant Or Right Description
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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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10575
CY2019Q3 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
16116

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