2024 Q2 Form 10-Q Financial Statement
#000106299324010122 Filed on May 14, 2024
Income Statement
| Concept | 2024 Q2 | 2024 Q1 |
|---|---|---|
| Revenue | ||
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | ||
| YoY Change | ||
| % of Gross Profit | ||
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% |
| % of Gross Profit | ||
| Operating Expenses | $114.6K | $162.8K |
| YoY Change | -19.99% | -23.6% |
| Operating Profit | -$114.6K | -$162.8K |
| YoY Change | -19.99% | -23.6% |
| Interest Expense | ||
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | $989.00 | -$42.73K |
| YoY Change | -99.49% | -70.87% |
| Pretax Income | ||
| YoY Change | ||
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$113.6K | -$205.6K |
| YoY Change | -317.81% | -42.87% |
| 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 | 2024 Q2 | 2024 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $247.2K | $355.4K |
| YoY Change | -77.33% | -66.32% |
| Cash & Equivalents | $247.2K | $355.4K |
| Short-Term Investments | $0.00 | $0.00 |
| Other Short-Term Assets | $52.21K | $55.55K |
| YoY Change | 49.38% | 29.61% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $299.4K | $411.0K |
| YoY Change | -73.39% | -62.58% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $332.5K | $332.5K |
| YoY Change | 14.53% | 14.44% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $344.4K | $349.3K |
| YoY Change | 7.14% | 7.07% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $299.4K | $411.0K |
| Total Long-Term Assets | $344.4K | $349.3K |
| Total Assets | $643.8K | $760.3K |
| YoY Change | -55.5% | -46.63% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $25.63K | $23.39K |
| YoY Change | -41.5% | -63.66% |
| Accrued Expenses | $148.9K | $153.9K |
| YoY Change | 8.91% | 8.65% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $1.279M | $1.282M |
| YoY Change | 3.2% | 1.4% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $81.25K | $81.25K |
| YoY Change | -14.59% | -18.9% |
| Total Long-Term Liabilities | $81.25K | $81.25K |
| YoY Change | -14.59% | -18.9% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.279M | $1.282M |
| Total Long-Term Liabilities | $81.25K | $81.25K |
| Total Liabilities | $1.360M | $1.363M |
| YoY Change | 1.94% | -0.09% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$7.488M | -$7.374M |
| YoY Change | 12.45% | 9.88% |
| 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 | -$886.2K | -$772.6K |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $643.8K | $760.3K |
| YoY Change | -55.5% | -46.63% |
Cashflow Statement
| Concept | 2024 Q2 | 2024 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$113.6K | -$205.6K |
| YoY Change | -317.81% | -42.87% |
| Depreciation, Depletion And Amortization | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% |
| Cash From Operating Activities | -$108.2K | -$200.2K |
| YoY Change | -32.32% | -3.99% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | $385.0K |
| YoY Change | ||
| Cash From Investing Activities | $0.00 | $385.0K |
| YoY Change | -3949.81% | |
| 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 | |
| YoY Change | ||
| NET CHANGE | ||
| Cash From Operating Activities | -108.2K | -$200.2K |
| Cash From Investing Activities | 0.000 | $385.0K |
| Cash From Financing Activities | 0.000 | |
| Net Change In Cash | -108.2K | $184.8K |
| YoY Change | -32.32% | -184.58% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$108.2K | -$200.2K |
| Capital Expenditures | $0.00 | $0.00 |
| Free Cash Flow | -$108.2K | -$200.2K |
| YoY Change | -32.32% | -8.39% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2023Q4 | us-gaap |
Accrued Reclamation Costs Current
AccruedReclamationCostsCurrent
|
81250 | usd |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
60855579 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
60855579 | shares |
| CY2024Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
95544 | usd |
| CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
| CY2024Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
| CY2023Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
| CY2024Q1 | us-gaap |
Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
|
42855 | usd |
| CY2023Q1 | us-gaap |
Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
|
0 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-205560 | usd |
| CY2024Q1 | thmg |
Proceeds From Deposit On Land Purchase
ProceedsFromDepositOnLandPurchase
|
0 | usd |
| CY2024Q1 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
6636000 | shares |
| CY2024Q1 | us-gaap |
Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
|
384981 | usd |
| CY2024Q1 | us-gaap |
Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
|
518223 | cad |
| CY2024Q1 | 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; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The preparation of the consolidated 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> |
