2024 Q2 Form 10-Q Financial Statement
#000165495424005410 Filed on May 02, 2024
Income Statement
Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $656.0K | $472.0K | $476.0K |
YoY Change | 108.25% | -0.84% | 23.0% |
% of Gross Profit | |||
Research & Development | $487.0K | $354.0K | $275.0K |
YoY Change | -12.25% | 28.73% | 21.68% |
% of Gross Profit | |||
Depreciation & Amortization | $6.000K | $7.000K | $6.000K |
YoY Change | 0.0% | 16.67% | -25.0% |
% of Gross Profit | |||
Operating Expenses | $1.149M | $833.00 | $757.0K |
YoY Change | 31.16% | -99.89% | 21.9% |
Operating Profit | |||
YoY Change | |||
Interest Expense | $387.0K | $103.0K | $377.0K |
YoY Change | -335.98% | -72.68% | 138.61% |
% of Operating Profit | |||
Other Income/Expense, Net | $387.0K | $103.0K | $377.0K |
YoY Change | -335.98% | -72.68% | 252.34% |
Pretax Income | -$762.0K | -$730.0K | -$380.0K |
YoY Change | -26.73% | 92.11% | -26.07% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$762.0K | -$730.0K | -$380.0K |
YoY Change | -26.73% | 92.11% | -26.07% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$0.01 | -$0.01 | -$0.01 |
COMMON SHARES | |||
Basic Shares Outstanding | 81.29M shares | 79.64M shares | 64.80M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $1.464M | $1.181M | $4.881M |
YoY Change | -59.6% | -75.8% | 177.65% |
Cash & Equivalents | $176.0K | $141.0K | $440.0K |
Short-Term Investments | $1.288M | $1.040M | $4.441M |
Other Short-Term Assets | $147.0K | $205.0K | $26.00K |
YoY Change | -59.84% | 688.46% | -91.8% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $9.659M | $8.904M | $4.907M |
YoY Change | 142.08% | 81.46% | -43.53% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $16.85M | $16.80M | $16.76M |
YoY Change | 0.04% | 0.22% | 1.91% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $104.0K | $4.000K | $4.000K |
YoY Change | 2500.0% | 0.0% | -33.33% |
Total Long-Term Assets | $16.95M | $16.80M | $16.76M |
YoY Change | 0.64% | 0.22% | 1.9% |
TOTAL ASSETS | |||
Total Short-Term Assets | $9.659M | $8.904M | $4.907M |
Total Long-Term Assets | $16.95M | $16.80M | $16.76M |
Total Assets | $26.61M | $25.71M | $21.67M |
YoY Change | 27.72% | 18.61% | -13.8% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $251.0K | $207.0K | $188.0K |
YoY Change | 6.81% | 10.11% | -18.26% |
Accrued Expenses | $41.00K | $40.00K | $25.00K |
YoY Change | 32.26% | 60.0% | -32.43% |
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 | $352.0K | $247.0K | $213.0K |
YoY Change | 28.47% | 15.96% | -20.22% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $154.0K | $165.0K | $125.0K |
YoY Change | -21.03% | 32.0% | -16.67% |
Total Long-Term Liabilities | $154.0K | $165.0K | $125.0K |
YoY Change | -21.03% | 32.0% | -16.67% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $352.0K | $247.0K | $213.0K |
Total Long-Term Liabilities | $154.0K | $165.0K | $125.0K |
Total Liabilities | $506.0K | $412.0K | $338.0K |
YoY Change | 7.89% | 21.89% | -18.94% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$59.13M | -$58.37M | -$54.27M |
YoY Change | 6.92% | 7.56% | |
Common Stock | $814.0K | $796.0K | $648.0K |
YoY Change | 25.42% | 22.84% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $26.11M | $25.29M | $21.33M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $26.61M | $25.71M | $21.67M |
YoY Change | 27.72% | 18.61% | -13.8% |
Cashflow Statement
Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$762.0K | -$730.0K | -$380.0K |
YoY Change | -26.73% | 92.11% | -26.07% |
Depreciation, Depletion And Amortization | $6.000K | $7.000K | $6.000K |
YoY Change | 0.0% | 16.67% | -25.0% |
Cash From Operating Activities | -$579.0K | -$991.0K | -$685.0K |
YoY Change | -46.39% | 44.67% | 14.74% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $67.00K | $0.00 | |
YoY Change | 644.44% | -100.0% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$437.0K | $918.0K | $809.0K |
YoY Change | -138.64% | 13.47% | -152.13% |
Cash From Investing Activities | -$504.0K | $918.0K | $809.0K |
YoY Change | -144.92% | 13.47% | -151.79% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 1.218M | $14.00K | 0.000 |
YoY Change | 8600.0% | -100.0% | |
NET CHANGE | |||
Cash From Operating Activities | -579.0K | -$991.0K | -$685.0K |
Cash From Investing Activities | -504.0K | $918.0K | $809.0K |
Cash From Financing Activities | 1.218M | $14.00K | 0.000 |
Net Change In Cash | 135.0K | -$59.00K | $124.0K |
YoY Change | 141.07% | -147.58% | -205.98% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$579.0K | -$991.0K | -$685.0K |
Capital Expenditures | $67.00K | $0.00 | |
Free Cash Flow | -$646.0K | -$685.0K | |
YoY Change | -40.68% | 16.7% |
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CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
316000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
141000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
440000 | usd |
CY2024Q1 | xpl |
Cash And Cash Equivalents Held In Brokerage Accounts And Foreign Banks
CashAndCashEquivalentsHeldInBrokerageAccountsAndForeignBanks
|
81000 | usd |
CY2024Q1 | us-gaap |
Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
|
7518000 | usd |
CY2024Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
3778500 | shares |
CY2023Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
5390000 | shares |
CY2024Q1 | us-gaap |
Mineral Properties Net
MineralPropertiesNet
|
16646000 | usd |
CY2023Q4 | us-gaap |
Mineral Properties Net
MineralPropertiesNet
|
16646000 | usd |
CY2024Q1 | us-gaap |
Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
|
257000 | usd |
CY2023Q1 | us-gaap |
Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
|
232000 | usd |
CY2024Q1 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
97000 | usd |
CY2023Q1 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
43000 | usd |
CY2024Q1 | us-gaap |
Exploration Expense
ExplorationExpense
|
354000 | usd |
CY2023Q1 | us-gaap |
Exploration Expense
ExplorationExpense
|
275000 | usd |
CY2024Q1 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
125000 | usd |
CY2024Q1 | xpl |
Available For Sales Securities Current
AvailableForSalesSecuritiesCurrent
|
1040000 | usd |
CY2023Q4 | xpl |
Available For Sales Securities Current
AvailableForSalesSecuritiesCurrent
|
1032000 | usd |
CY2024Q1 | us-gaap |
Marketable Securities Current
MarketableSecuritiesCurrent
|
1440000 | usd |
CY2023Q4 | us-gaap |
Marketable Securities Current
MarketableSecuritiesCurrent
|
1440000 | usd |
CY2024Q1 | xpl |
Unrealized Gain Loss On Marketable Equity Securities
UnrealizedGainLossOnMarketableEquitySecurities
|
-400000 | usd |
CY2023Q4 | xpl |
Unrealized Gain Loss On Marketable Equity Securities
UnrealizedGainLossOnMarketableEquitySecurities
|
-408000 | usd |
CY2024Q1 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
1040000 | usd |
CY2023Q4 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
1032000 | usd |
CY2024Q1 | xpl |
Increase In The Fair Value In Its Marketable Equity Securities
IncreaseInTheFairValueInItsMarketableEquitySecurities
|
8000 | usd |
CY2023Q1 | xpl |
Increase In The Fair Value In Its Marketable Equity Securities
IncreaseInTheFairValueInItsMarketableEquitySecurities
|
329000 | usd |
CY2024Q1 | us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
125000 | usd |
CY2024Q1 | us-gaap |
Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
|
85000 | usd |
CY2024Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
59000 | usd |
CY2023Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
67000 | usd |
CY2024Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
327000 | usd |
CY2024Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P17M | |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
25950000 | usd |
CY2024Q1 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
59000 | usd |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
14000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-730000 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
25293000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
21646000 | usd |
CY2023Q1 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
67000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-380000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
21333000 | usd |