2023 Q1 Form 10-K Financial Statement
#000106299323007681 Filed on March 27, 2023
Income Statement
| Concept | 2023 Q1 | 2022 Q4 | 2022 |
|---|---|---|---|
| Revenue | $0.00 | $75.00K | $300.0K |
| YoY Change | -100.0% | 0.0% | -62.5% |
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $129.6K | $103.4K | $630.8K |
| YoY Change | -52.97% | 17.63% | 47.06% |
| % of Gross Profit | |||
| Research & Development | $18.43K | -$3.150K | $160.00 |
| YoY Change | 1475.21% | 12.5% | -98.37% |
| % of Gross Profit | |||
| Depreciation & Amortization | $331.00 | $330.00 | $1.553K |
| YoY Change | -40.89% | -46.77% | -45.51% |
| % of Gross Profit | |||
| Operating Expenses | $213.1K | $100.6K | $746.3K |
| YoY Change | -23.12% | 17.33% | 68.97% |
| Operating Profit | -$213.1K | -$446.3K | |
| YoY Change | -21.86% | -263.46% | |
| Interest Expense | -$147.4K | $68.99K | -$782.1K |
| YoY Change | -38.33% | -348.43% | -7.89% |
| % of Operating Profit | |||
| Other Income/Expense, Net | -$146.7K | -$16.05K | -$797.5K |
| YoY Change | -146798.0% | -2033.73% | -8759.41% |
| Pretax Income | -$359.8K | $20.00K | -$1.244M |
| YoY Change | -29.68% | -136.86% | 119.44% |
| Income Tax | $0.00 | ||
| % Of Pretax Income | |||
| Net Earnings | -$359.8K | $19.06K | -$1.245M |
| YoY Change | -29.68% | -132.16% | 117.69% |
| Net Earnings / Revenue | 25.41% | -414.91% | |
| Basic Earnings Per Share | -$0.01 | -$0.02 | |
| Diluted Earnings Per Share | -$0.01 | $0.00 | -$0.02 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 60.86M shares | 60.86M shares | |
| Diluted Shares Outstanding | 60.86M shares | 60.86M shares |
Balance Sheet
| Concept | 2023 Q1 | 2022 Q4 | 2022 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $1.055M | $1.421M | $1.421M |
| YoY Change | -4.17% | 22.89% | 22.89% |
| Cash & Equivalents | $464.2K | $682.7K | $682.7K |
| Short-Term Investments | $591.2K | $738.6K | $738.6K |
| Other Short-Term Assets | $42.86K | $20.11K | $20.11K |
| YoY Change | 1291.56% | 9.35% | 9.35% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | |||
| Other Receivables | |||
| Total Short-Term Assets | $1.098M | $1.441M | $1.441M |
| YoY Change | -0.55% | 22.67% | 22.67% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $290.6K | $280.9K | $280.9K |
| YoY Change | 3.08% | -0.55% | -0.55% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | |||
| YoY Change | |||
| Total Long-Term Assets | $326.2K | $280.9K | $280.9K |
| YoY Change | -79.13% | -84.42% | -84.42% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $1.098M | $1.441M | $1.441M |
| Total Long-Term Assets | $326.2K | $280.9K | $280.9K |
| Total Assets | $1.424M | $1.722M | $1.722M |
| YoY Change | -46.61% | -42.17% | -42.17% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $64.36K | $27.60K | $27.60K |
| YoY Change | 144.62% | 140.0% | 140.0% |
| Accrued Expenses | $141.7K | $146.7K | $146.7K |
| YoY Change | -42.61% | -12.0% | -40.58% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% | -100.0% |
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $1.264M | $1.221M | $1.221M |
| YoY Change | -12.56% | -12.95% | -12.94% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $100.2K | $81.25K | $81.25K |
| YoY Change | 54.12% | 25.0% | 25.0% |
| Total Long-Term Liabilities | $100.2K | $81.25K | $81.25K |
| YoY Change | 54.12% | 25.0% | 25.0% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $1.264M | $1.221M | $1.221M |
| Total Long-Term Liabilities | $100.2K | $81.25K | $81.25K |
| Total Liabilities | $1.364M | $1.302M | $1.472M |
| YoY Change | -19.01% | -11.26% | -10.32% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$6.711M | -$6.351M | |
| YoY Change | 24.37% | ||
| Common Stock | $60.86K | $60.86K | |
| YoY Change | 0.0% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | 11.70K shares | 11.70K shares | |
| Shareholders Equity | -$109.6K | $250.2K | $250.2K |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $1.424M | $1.722M | $1.722M |
| YoY Change | -46.61% | -42.17% | -42.17% |
Cashflow Statement
| Concept | 2023 Q1 | 2022 Q4 | 2022 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$359.8K | $19.06K | -$1.245M |
| YoY Change | -29.68% | -132.16% | 117.69% |
| Depreciation, Depletion And Amortization | $331.00 | $330.00 | $1.553K |
| YoY Change | -40.89% | -46.77% | -45.51% |
| Cash From Operating Activities | -$208.5K | -$124.3K | -$402.1K |
| YoY Change | 276.89% | 110.89% | 55.98% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $10.00K | ||
| YoY Change | |||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | $0.00 | |
| YoY Change | -100.0% | ||
| Cash From Investing Activities | -$10.00K | $0.00 | $0.00 |
| 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 | $0.00 | -33.77K | -$71.77K |
| YoY Change | 575.4% | 674.2% | |
| NET CHANGE | |||
| Cash From Operating Activities | -$208.5K | -124.3K | -$402.1K |
| Cash From Investing Activities | -$10.00K | 0.000 | $0.00 |
| Cash From Financing Activities | $0.00 | -33.77K | -$71.77K |
| Net Change In Cash | -$218.5K | -158.1K | -$473.9K |
| YoY Change | 294.96% | 147.2% | -153.7% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$208.5K | -$124.3K | -$402.1K |
| Capital Expenditures | $10.00K | ||
| Free Cash Flow | -$218.5K | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
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Notes Payable Related Parties Classified Current
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Interest Payable Current
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Interest Payable Current
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66768 | usd |
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Interest Expense Related Party
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Interest Expense Related Party
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Treasury Stock Shares
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11700 | shares |
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Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
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Revenue Not From Contract With Customer
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Revenues
Revenues
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300000 | usd |
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Revenues
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Gain Loss On Investments
GainLossOnInvestments
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500000 | usd |
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Gain Loss On Investments
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Cash And Cash Equivalents At Carrying Value
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1156622 | usd |
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Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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274155 | usd |
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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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1156622 | usd |
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Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
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400000 | shares |
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Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
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710000 | shares |
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Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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0.1 | |
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Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
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1640000 | shares |
| CY2022 | us-gaap |
Gain On Sale Of Investments
GainOnSaleOfInvestments
|
0 | usd |
| CY2021 | us-gaap |
Gain On Sale Of Investments
GainOnSaleOfInvestments
|
92685 | usd |
| CY2022 | us-gaap |
Increase Decrease In Notes Payable Related Parties
IncreaseDecreaseInNotesPayableRelatedParties
|
-20000 | usd |
| CY2021 | us-gaap |
Increase Decrease In Notes Payable Related Parties
IncreaseDecreaseInNotesPayableRelatedParties
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-20000 | usd |
| CY2022 | thmg |
Shares Issued For Settlement Of Option Exercise With Accrued Interest And Wages
SharesIssuedForSettlementOfOptionExerciseWithAccruedInterestAndWages
|
0 | usd |
| CY2021 | thmg |
Shares Issued For Settlement Of Option Exercise With Accrued Interest And Wages
SharesIssuedForSettlementOfOptionExerciseWithAccruedInterestAndWages
|
35466 | usd |
| CY2021 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
71000 | usd |
| CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div> <p style="margin-left: 18pt; text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span style="text-decoration: underline;">Accounting Estimates</span></span></span></p> <p style="margin-left: 18pt; text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The more significant areas requiring the use of management estimates and assumptions include the carrying value of properties and mineral interests, environmental remediation liabilities, deferred tax assets, and stock-based compensation. Management's estimates and assumptions are based on historical experience and other assumptions believed to be reasonable under the circumstances. Actual results could differ from those estimates.</span></span></p> </div> | |
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0.1 | |
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Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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Additional Common Shares To Settle Advanced Funds Accrued Wages And Accrued Interest
AdditionalCommonSharesToSettleAdvancedFundsAccruedWagesAndAccruedInterest
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Value Of Additional Common Shares To Settle Advanced Funds Accrued Wages And Accrued Interest
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35466 | usd |
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Stock Issued During Period Value Stock Options Exercised
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71000 | usd |
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Additional Common Shares To Settle Advanced Funds Accrued Wages And Accrued Interest
AdditionalCommonSharesToSettleAdvancedFundsAccruedWagesAndAccruedInterest
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354648 | shares |
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Value Of Additional Common Shares To Settle Advanced Funds Accrued Wages And Accrued Interest
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35466 | usd |
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Proceeds From Stock Options Exercised
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Deferred Income Tax Assets Net
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Effective Income Tax Rate Reconciliation Tax Settlements State And Local
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Deferred Tax Liabilities Investments
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Effective Income Tax Rate Reconciliation Prior Year Income Taxes
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Auditor Name
AuditorName
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Assure CPA LLC | |
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Available For Sale Securities Equity Securities Current
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Available For Sale Securities Equity Securities Current
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Commitments And Contingencies
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Commitments And Contingencies
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Treasury Stock Shares
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Reclamation Expense
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16250 | usd |
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Reclamation Expense
ReclamationExpense
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Gain On Sale Of Investments
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Gain On Sale Of Investments
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Proceeds From Royalty Interests In Mining Properties
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ProceedsFromRoyaltyInterestsInMiningProperties
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Proceeds From Stock Options Exercised
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Proceeds From Stock Options Exercised
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Payments To Minority Shareholders
PaymentsToMinorityShareholders
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Payments To Minority Shareholders
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5000 | usd |
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Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
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1820000 | shares |
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Oil And Gas Reclamation Liability Noncurrent
OilAndGasReclamationLiabilityNoncurrent
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65000 | usd |
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Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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3355000 | shares |
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Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
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1041500 | usd |
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Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
710000 | shares |
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Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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355352 | shares |
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Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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5705000 | shares |
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Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
3355000 | shares |
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Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
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4775000 | shares |
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Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
|
-0.088 | pure |
