DESERT HAWK GOLD CORP. Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1290 HOLCOMB AVE. RENO, NV 89502 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 104 - Gold And Silver Ores (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 581 | 425 | 173 | 2,116 | 9 | 4 | |||
| Cash and cash equivalents | 581 | 425 | 173 | 2,116 | 9 | 4 | |||
| Receivables | 270 | ||||||||
| Inventory, net of allowances, customer advances and progress billings | 3,544 | 4,673 | 5,342 | 4,334 | 1,193 | 600 | |||
| Inventory | 3,544 | 4,673 | 5,342 | 4,334 | 1,193 | 600 | |||
| Other undisclosed current assets | 51 | 46 | 19 | 181 | 40 | 102 | |||
| Total current assets: | 4,176 | 5,414 | 5,534 | 6,631 | 1,243 | 706 | |||
| Noncurrent Assets | |||||||||
| Inventory, Noncurrent | 1,081 | 1,505 | 2,722 | ||||||
| Property, plant and equipment | 4,368 | 4,928 | 5,390 | 5,288 | 3,416 | 3,621 | |||
| Other undisclosed noncurrent assets | 5,208 | 4,627 | 4,544 | 4,489 | 1,632 | 1,868 | |||
| Total noncurrent assets: | 9,576 | 10,636 | 11,439 | 9,777 | 5,048 | 8,211 | |||
| TOTAL ASSETS: | 13,752 | 16,050 | 16,973 | 16,408 | 6,291 | 8,918 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 160 | 376 | 1,471 | 437 | 653 | 680 | |||
| Interest and dividends payable | ✕ | ✕ | 121 | 464 | 317 | ||||
| Accrued liabilities | 778 | 111 | 72 | 922 | 710 | ||||
| Other undisclosed accounts payable and accrued liabilities | (618) | 144 | 1,399 | 437 | (733) | (347) | |||
| Debt | 58 | 1,509 | 982 | 1,302 | 1,993 | 934 | |||
| Derivative instruments and hedges, liabilities | 3,337 | 189 | |||||||
| Asset retirement obligation | 125 | ||||||||
| Due to related parties | ✕ | 56 | 56 | 625 | |||||
| Other undisclosed current liabilities | 23,026 | 17,060 | 1,059 | 200 | 1,386 | 1,907 | |||
| Total current liabilities: | 23,300 | 19,127 | 6,848 | 2,128 | 4,032 | 4,146 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 13,411 | 445 | |||||||
| Long-term debt, excluding current maturities | 13,411 | 445 | |||||||
| Liabilities, other than long-term debt | 1,496 | 1,362 | 1,234 | 827 | 793 | 1,047 | |||
| Asset retirement obligations | 1,496 | 1,362 | 1,234 | 827 | 793 | 1,047 | |||
| Other undisclosed noncurrent liabilities | 116 | 10,490 | 24,037 | ||||||
| Total noncurrent liabilities: | 1,496 | 1,478 | 11,723 | 14,237 | 793 | 25,528 | |||
| Total liabilities: | 24,796 | 20,605 | 18,571 | 16,366 | 4,824 | 29,674 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (11,044) | (4,555) | (1,599) | 42 | 1,466 | (20,756) | |||
| Common stock | 27 | 27 | 27 | 27 | 21 | 14 | |||
| Additional paid in capital | 9,666 | 9,666 | 9,666 | 9,466 | 7,120 | 9,143 | |||
| Accumulated deficit | (20,737) | (14,248) | (11,292) | (9,451) | (5,675) | (29,915) | |||
| Other undisclosed equity, attributable to parent | 2 | ||||||||
| Total equity: | (11,044) | (4,555) | (1,599) | 42 | 1,466 | (20,756) | |||
| TOTAL LIABILITIES AND EQUITY: | 13,752 | 16,050 | 16,973 | 16,408 | 6,291 | 8,918 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,632 | 7,742 | 5,474 | 889 | 248 | 163 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (870) | |||||||
| Gross profit: | 4,632 | 7,742 | 5,474 | 19 | 248 | 163 | ||
| Operating expenses | (10,589) | (10,517) | (7,665) | (3,599) | (3,080) | (1,589) | ||
| Other undisclosed operating income | 870 | |||||||
| Operating loss: | (5,958) | (2,775) | (2,191) | (2,709) | (2,832) | (1,426) | ||
| Nonoperating income (expense) | (532) | (180) | 351 | (1,067) | 24,176 | (2,534) | ||
| Interest and debt expense | (15) | (81) | (32) | (46) | 24,917 | (2,296) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (6,504) | (3,037) | (1,873) | (3,823) | 46,261 | (6,256) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 15 | 81 | 32 | 46 | (24,917) | 2,296 | ||
| Income (loss) from continuing operations: | (6,489) | (2,956) | (1,841) | (3,776) | 21,344 | (3,961) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | (2,956) | (1,841) | (3,776) | 21,344 | (3,961) | |
| Net income (loss) attributable to parent: | (6,489) | (2,956) | (1,841) | (3,776) | 21,344 | (3,961) | ||
| Preferred stock dividends and other adjustments | (4,069) | |||||||
| Other undisclosed net income available to common stockholders, basic | 8,137 | |||||||
| Net income (loss) available to common stockholders, basic: | (6,489) | (2,956) | (1,841) | (3,776) | 25,413 | (3,961) | ||
| Interest on convertible debt | 74 | |||||||
| Other undisclosed net loss available to common stockholders, diluted | (74) | |||||||
| Net income (loss) available to common stockholders, diluted: | (6,489) | (2,956) | (1,841) | (3,776) | 25,413 | (3,961) | ||
Comprehensive Income ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (6,489) | (2,956) | (1,841) | (3,776) | 21,344 | (3,961) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (6,489) | (2,956) | (1,841) | (3,776) | 21,344 | (3,961) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.