2023 Q3 Form 10-Q Financial Statement
#000106299323015987 Filed on August 08, 2023
Income Statement
| Concept | 2023 Q3 | 2023 Q2 |
|---|---|---|
| Revenue | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% |
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $78.67K | $106.3K |
| YoY Change | -35.13% | -18.66% |
| % of Gross Profit | ||
| Research & Development | $12.75K | $24.58K |
| YoY Change | 1091.59% | 2197.2% |
| % of Gross Profit | ||
| Depreciation & Amortization | $0.00 | $220.00 |
| YoY Change | -100.0% | -33.33% |
| % of Gross Profit | ||
| Operating Expenses | $103.4K | $143.3K |
| YoY Change | -28.14% | -2.31% |
| Operating Profit | -$103.4K | -$143.3K |
| YoY Change | 50.06% | 99.94% |
| Interest Expense | -$16.69K | $194.9K |
| YoY Change | -92.75% | -151.02% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$16.29K | $195.4K |
| YoY Change | -92.9% | -151.17% |
| Pretax Income | -$119.7K | $52.18K |
| YoY Change | -59.9% | -111.5% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$119.7K | $52.18K |
| YoY Change | -59.9% | -111.5% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | $0.00 | $0.00 |
| Diluted Earnings Per Share | $0.00 | $0.00 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 60.86M shares | 60.86M shares |
| Diluted Shares Outstanding | 60.86M shares | 60.86M shares |
Balance Sheet
| Concept | 2023 Q3 | 2023 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $978.9K | $1.090M |
| YoY Change | 16.42% | 23.05% |
| Cash & Equivalents | $209.5K | $304.4K |
| Short-Term Investments | $769.3K | $786.0K |
| Other Short-Term Assets | $39.58K | $34.95K |
| YoY Change | 6.57% | -41.63% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $1.018M | $1.125M |
| YoY Change | 16.0% | 18.95% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $290.3K | $290.3K |
| YoY Change | 3.24% | 3.12% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $316.7K | $321.4K |
| YoY Change | -66.69% | -72.79% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $1.018M | $1.125M |
| Total Long-Term Assets | $316.7K | $321.4K |
| Total Assets | $1.335M | $1.447M |
| YoY Change | -26.99% | -31.99% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $32.97K | $43.81K |
| YoY Change | -5.45% | -14.8% |
| Accrued Expenses | $136.7K | $136.7K |
| YoY Change | -9.89% | -12.76% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $1.253M | $1.239M |
| YoY Change | -7.82% | -8.8% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $90.00K | $95.13K |
| YoY Change | 38.46% | 46.35% |
| Total Long-Term Liabilities | $90.00K | $95.13K |
| YoY Change | 38.46% | 46.35% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.253M | $1.239M |
| Total Long-Term Liabilities | $90.00K | $95.13K |
| Total Liabilities | $1.343M | $1.335M |
| YoY Change | -5.71% | -6.28% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$6.779M | -$6.659M |
| YoY Change | 6.41% | 9.67% |
| Common Stock | $60.86K | $60.86K |
| YoY Change | 0.0% | 0.0% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | -$177.1K | -$57.43K |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $1.335M | $1.447M |
| YoY Change | -26.99% | -31.99% |
Cashflow Statement
| Concept | 2023 Q3 | 2023 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$119.7K | $52.18K |
| YoY Change | -59.9% | -111.5% |
| Depreciation, Depletion And Amortization | $0.00 | $220.00 |
| YoY Change | -100.0% | -33.33% |
| Cash From Operating Activities | -$94.84K | -$159.9K |
| YoY Change | 109.18% | -9.75% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $0.00 | $0.00 |
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| 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 | 0.000 | 0.000 |
| YoY Change | -100.0% | |
| NET CHANGE | ||
| Cash From Operating Activities | -94.84K | -159.9K |
| Cash From Investing Activities | 0.000 | 0.000 |
| Cash From Financing Activities | 0.000 | 0.000 |
| Net Change In Cash | -94.84K | -159.9K |
| YoY Change | 109.18% | -25.69% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$94.84K | -$159.9K |
| Capital Expenditures | $0.00 | $0.00 |
| Free Cash Flow | -$94.84K | -$159.9K |
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
400000 | shares |
| CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
0.1 | |
| CY2022 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
|
0.09 | |
| us-gaap |
Use Of Estimates
UseOfEstimates
|
<div> <p style="margin-left:18pt;text-align:justify"><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"><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> | ||
| us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
38701 | usd | |
| us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
8625 | usd | |
| us-gaap |
Lease Cost
LeaseCost
|
8438 | usd | |
| CY2023Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
| CY2022Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
| CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
| CY2023Q2 | thmg |
Property Plant And Equipment Excluding Deposit On Land
PropertyPlantAndEquipmentExcludingDepositOnLand
|
280333 | usd |
| CY2023Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
7442 | usd |
| CY2023Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
31072 | usd |
